The 30% hike is reflective of Tidjane Thiam’s stewardship of the bank and was contingent on meeting a number of targets.
On Friday, Credit Suisse’s annual report showed, that it has awarded its Chief Executive Tidjane Thiam a compensation of $12.74 million (12.65 million Swiss francs) in 2018.
The 30% hike in compensation, compared to the previous year, places him amongst the top earners in the European banking sector.
Credit Suisse said, Thiam’s pay package is reflective of his successful stewardship of turning around the bank in 3 years.
The pay package of Credit Suisse’s 12 members executive board, came to 93.5 million francs; this includes fixed pay, as well as short- and long-term incentives.
The pay packages were contingent on meeting a number of targets.