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Swiss bank UBS lifted pay for outgoing CEO Sergio Ermotti by nearly 14 percent and granted its new CEO Ralph Hamers a $3.3 million bonus for four months of work. Zurich-based UBS paid Sergio Ermotti 14.2 million Swiss francs ($15.4 million) last year,…
The UBS boss has a long road to shaking off his past: he faces an 18-month journey before knowing if prosecutors will charge him in a Dutch money-laundering investigation. A Dutch criminal probe into whether Ralph Hamers and money laundering is ticking on…
The new UBS boss’ chances of escaping a criminal trial over money laundering at the last bank he ran appear to be slimming. Ralph Hamers is 99 percent certain to be formally criminally investigated in the Netherlands over money-laundering accusations, the…
Ralph Hamers brings with him a track record of not only profitability but also effective transformation to compete with tech giants that threaten to take the financial sector’s lunch. As expected, Sergio Ermotti stepped down from UBS’s top role succeeded by…
