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Credit Suisse CEO Dougan Pay Rises by a Third to $8.2 Million

Chris Ratcliffe | Bloomberg | Getty Images

Pay for Credit Suisse Chief Executive Brady Dougan rose by more than one third to 7.77 million Swiss francs ($8.22 million) in 2012, the Swiss bank said on Friday.

Credit Suisse's top earner two years running was Robert Shafir, promoted to co-head of the newly merged private bank and asset management unit in November.

Shafir's overall pay was 10.59 million francs last year, down from 12.8 million francs year-ago.

(Read More: Credit Suisse CEO: 'Aggressive' Cost Cutting Will Help Us in 2013)

The pay figures were made public in Credit Suisse's annual report, which was published on Friday.

Meanwhile Deutsche Bank Chairman Paul Achleitner said the management board at Germany's flagship lender will receive 26.3 million euros ($34 million) in fixed and variable pay for 2012, down from 40.1 million euros in the year-earlier period.

Banks