UBS shareholders back 2024 compensation report with 86.7% of votes
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FILE PHOTO: A UBS logo is seen at the Bahnhofstrasse before a news conference of Swiss bank UBS in Zurich Switzerland, August 30, 2023. REUTERS/Denis Balibouse/Files
LUCERNE, Switzerland (Reuters) - In an advisory vote, UBS shareholders on Thursday backed the bank's 2024 compensation report with 86.7% of votes, compared to 83.5% for the same report a year earlier.
CEO Sergio Ermotti's total pay was 14.9 million Swiss francs ($17.74 million) in 2024, with the bank keeping his remuneration in check as it navigates a tense political debate about how it is regulated.
($1 = 0.8400 Swiss francs)
(Reporting by Ariane Luthi)
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