UBS Chief Hamers Gets 11% Pay Increase While Cutting Bonuses (3)

UBS Group AG raised Chief Executive Officer Ralph Hamers’ compensation for last year by 11%, making him one of Europe’s best-paid bank bosses, even as bonuses for the rest of the firm were cut in a challenging period for dealmaking.

Hamers received 12.2 million Swiss francs ($13 million) for his second full year in the job. That included a bonus of 9.7 million francs, an increase of 14% from a year earlier when his compensation was impacted by a loss related to the collapse of prime brokerage client Archegos Capital.

The overall bonus pool for the Zurich-based lender was ...