Hamers’ 2022 compensation of 12.2 million Swiss francs ($13 million) made him one of Europe’s highest-paid banking CEOs.
The bonus pool shrank to $3.3 billion, UBS said in its annual report, amid lower revenue from dealmaking. The bank said in the report, “Ralph Hamers successfully led UBS through a challenging year and delivered good financial results despite significant headwinds due to geopolitical and macroeconomic developments.”