UBS Group AG cut its bonus pool for last year by 14% after a tougher year for deal-makers and traders, while elevating Chief Executive Officer Sergio Ermotti to the rank of best-paid European bank boss.
Ermotti received 14.4 million Swiss francs ($15.9 million) in compensation for his first 9 months on the job, including 12.3 million francs in variable compensation, UBS said in its annual report Thursday.
