The surprise return of UBS's chief resulted in a $15.9 million paycheck for him.

• In late March, the bank announced that Ermotti would return as CEO, replacing Hamers, as UBS undertook the integration of Credit Suisse's business.
• In 2023, the bank's executive board received a 140.3 million Swiss franc compensation package, which was a substantial increase from the previous year's 106.9 million francs.

In 2023, Sergio Ermotti, CEO of the Swiss banking giant, earned 14.4 million Swiss francs ($15.9 million) after returning to the company following its acquisition of Credit Suisse.

In late March, the bank announced that Ermotti would return as CEO, replacing Hamers who left in April 2020, as UBS continued to integrate Credit Suisse's business. Ermotti's previous term was from 2011 to 2020.

In 2022, Hamers earned 12.6 million Swiss francs as CEO, according to UBS' annual report published on Thursday.

The figures total base and variable compensation.

UBS disclosed that the total bonuses paid to employees at the new combined bank amounted to $4.5 billion, with the majority of the payments made in cash.

UBS's 2022 pool of $5.3 billion for the combined entities was 14% lower than the aggregate pool, as the bank aims to reduce costs during its integration of Credit Suisse.

Despite reporting a second consecutive quarterly loss due to integration costs, the bank's underlying operating profits remained strong.