Finance
Julius baer CEO tops highest pay at UBS
Published by Global Banking & Finance Review®
Posted on March 16, 2026
1 min readLast updated: March 16, 2026
Quick Summary
Julius Baer CEO Stefan Bollinger received CHF 23.96 million in total compensation for 2025, topping UBS’s CEO Sergio Ermotti at CHF 14.9 million. Novartis’s CEO Vasant Narasimhan earned CHF 24.9 million, drawing proxy advisor Ethos’s criticism.
Julius Baer CEO Stefan Bollinger Receives Record Compensation, Surpassing UBS
Executive Compensation in Swiss Banking Sector
Julius Baer CEO Stefan Bollinger's 2025 Compensation Details
ZURICH, March 16 (Reuters) - Julius Baer CEO Stefan Bollinger was awarded a total compensation of 23.96 million Swiss francs ($30.31 million) for 2025, a sum that includes replacement awards for forfeited variable pay of a previous employer, the Swiss bank said on Monday.
Bollinger's Transition from Goldman Sachs
Bollinger joined Julius Baer in January 2025 from Goldman Sachs. Bollinger's total salary at Julius Baer last year excluding replacements was 8.27 million Swiss francs, according to the bank's annual report.
Comparison with UBS and Other Swiss Executives
UBS CEO Sergio Ermotti's Compensation
UBS, Switzerland's biggest bank, earlier this month kept CEO Sergio Ermotti's total compensation steady at 14.9 million Swiss francs amid an ongoing overhaul of Swiss banking rules and criticism of high bonuses for CEOs.
Novartis CEO Vasant Narasimhan's Compensation
Swiss pharma giant Novartis' CEO Vasant Narasimhan received a 24.9 million franc compensation package for 2025, which proxy advisory firm Ethos has called "particularly excessive".
Currency Exchange Rate Reference
($1 = 0.7904 Swiss francs)
Reporting Credits
(Reporting by Ariane LuthiEditing by Ludwig Burger)
Key Takeaways
- •Stefan Bollinger’s 2025 pay includes replacement awards for forfeited variable pay from Goldman Sachs, totaling CHF 23.96 million, while his regular Julius Baer salary was CHF 8.27 million.
- •UBS CEO Sergio Ermotti’s compensation held steady at CHF 14.9 million in 2025 amid political scrutiny of banker pay, despite a 10% rise in UBS’s overall bonus pool.
- •Novartis CEO Vasant Narasimhan earned CHF 24.9 million in 2025—over 50% above the Swiss large-cap CEO median—prompting Ethos to call it “particularly excessive.”
Frequently Asked Questions about Julius Baer CEO tops highest pay at UBS
1How much was Julius Baer CEO Stefan Bollinger paid in 2025?
Stefan Bollinger received a total compensation of 23.96 million Swiss francs in 2025.
2What portion of Bollinger’s compensation was replacement awards?
The total includes replacement awards for forfeited variable pay from his previous employer.
3How does Julius Baer CEO’s compensation compare to the UBS CEO?
Julius Baer CEO received 23.96 million francs, surpassing the UBS CEO’s 14.9 million francs.
4Why did Julius Baer pay Bollinger replacement awards?
Bollinger joined from Goldman Sachs and was compensated for forfeited pay from his previous employer.
5What was UBS CEO Sergio Ermotti’s compensation in 2025?
UBS CEO Sergio Ermotti’s total compensation was steady at 14.9 million Swiss francs in 2025.
