Compensation for CEOs at major financial firms ranged from roughly $25 million to $35 million in 2023, with pay rising sharply for some and dropping for others.
9. UBS Group AG
CEO: Sergio Ermotti (Returned to UBS in April 2023; figures, converted from Swiss francs, reflect nine months as CEO.)
2023 Base Salary: $2 million
2023 Total fixed and variable awarded compensation: $13.5 million
2023 Total Awarded Compensation: $15.9 million
2023 Total Realized Compensation (total amount paid out in the year, including the base salary, cash performance award payments and all deferred performance awards vested in the year): $2 million
(Predecessor Ralph Hamers was awarded 12.6 million Swiss francs, or roughly $14 million, for 2022. Swiss-based UBS's compensation report differs slightly from those of U.S.-based companies.)
Credit: Bloomberg
8. Citigroup
CEO: Jane Fraser
2023 Base Salary: $1.5 million
2023 Incentive/Other Compensation: $24.5 million
2023 Total compensation: $25.45 million
2022 Total Compensation: $22.06 million
2023 vs 2022 difference: $3.4 million (+15.4%)
Adjusted Totals
2023 Total compensation: $26 million
2022 Total Compensation: $24.5 million
Difference, 2023 vs. 2022: $1.5 million (+6%)
Credit: Bloomberg Jane Fraser, CEO of Citigroup Inc.
7. Goldman Sachs
CEO: David Solomon
2023 Base Salary: $2 million
2023 Incentive/Other Compensation: $24.7million
2023 Total Compensation: $26.67 million
2022 Total Compensation: $31.6 million
Difference, 2023 vs. 2022: $5 million (-15.6%)
Adjusted Totals
2023 Total Compensation: $31 million
2022 Total Compensation: $25 million
Difference, 2023 vs. 2022: $6 million (+24%)
Credit: Bloomberg
