Julius Baer Chief Executive Officer Boris Collardi earned more money last year than in 2014, much in line with the increase in the underlying profit of the Zurich-based private bank.
Boris Collardi received 6.16 million Swiss francs in 2015, compared with 5.73 million a year earlier, the bank said in a statement today. The increase is in line with the 20 percent rise in underlying profit at the bank – excluding the fine due following the settlement of the tax dispute with the U.S.
The bank awarded the CEO substantially higher loans last year, increasing to 12.2 million francs from 4.52 million a year earlier. Collardi held 205,882 shares in Julius Baer at the end of the year, down from 224,200 in 2014.
Compensation of Board Declines
The executive board earned a total of 17.9 million francs last year, up from 17.4 million a year earlier. Daniel J. Sauter, the chairman of Julius Baer, earned 1.05 million francs, down from 1.1 million a year earlier, while his colleagues on the board of directors received between 174,000 francs and 278,000 francs each.
Sauter is holding 155,128 shares in Julius Baer, up from 107,192 in 2014. The share at Friday's close was worth 42.18 francs.
