Another banking secret.
Fonction | NEWS |
Top-level UBS investment bankers may soon face the wrath of their own colleagues, following publication of their salary details in Swiss Sunday newspaper Sonntag.
The standard monthly salary of a UBS director general working at the investment bank in Switzerland is SFr 66,666--excluding bonuses--according to data from a confidential early retirement plan uncovered by Sonntag. The retirement plan also revealed directors earn an average of SFr 54,166 per month and vice-directors earn SFr 29,166 per month, excluding bonuses.
The newspaper quoted an inside source who said the figures weren't even public knowledge within the bank itself, since equivalent-level private bank colleagues clearly earn less.
UBS spokesperson Michael Willi confirmed the figures, saying they represent actuarial levels.
Politicians across the political spectrum agree that...
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