The company amended its compensation plan for next year by trimming payouts for lower-producing financial advisors.

Sources say the latest UBS bonus-protection plan involves nearly a dozen managing director-level leaders, who hold the key to relationships with customers in Asia-Pacific’s sixth-largest economy.

Bloomberg reported that UBS (UBS) sought to claw back hundreds of millions of dollars in cash bonuses that Credit Suisse handed out to retain dealmakers before the lender collapsed.

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Swiss bank UBS gave its CEO an 11% pay hike in 2022 — even as it cut the bonus pool for the rest of the company by 10%. The Zurich-based lender awarded CEO Ralph Hamers 12.2 million Swiss francs ...