UBS paid U.S. brokerage chief
Pay for McCann and other top executives and board members was revealed in UBS's annual report on Thursday. UBS said last month Kengeter agreed to forgo his bonus for last year after a $2 billion rogue trading scandal. As a result, UBS does not have to reveal Kengeter's pay.
Total pay for Sergio Ermotti, named chief executive in November after
Incoming chairman, former
The Bern Declaration, or
A spokeswoman for
UBS's net profit in 2011 fell nearly 45 percent to 4.16 billion Swiss francs, which the bank restated 74 million Swiss francs lower to account for offloading credit default swap contracts to a monoline insurer in the
The bank repeated statements made last year that it enjoys conditional civil immunity and won't be prosecuted in return for cooperating with a wide-ranging international regulatory probe into whether investment banks manipulated Libor, a global benchmark rate. This effectively caps potential damages UBS may face if the probe turns up evidence of wrong-doing.
UBS's cooperation doesn't protect it from class-action lawsuits already filed in a U.S. federal court.
British rival
Meanwhile
($1=0.9312 Swiss francs)
(Reporting By Katharina Bart; Editing by Mike Nesbit and Erica Billingham)