UBS bumps up CEO's pay in 2015 to $14.8M


UBS Chief Executive Sergio Ermotti received 14.3 million Swiss francs ($14.8 million) in total compensation for 2015, according to the Swiss bank's annual report which was published on Friday.

UBS Group CEO, Sergio Ermotti
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This was up from his 2014 compensation of 11.16 million francs.

UBS shares rose 14.2 percent in 2015, outpacing the European banking sector index which fell 3.3 percent.

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