Compensation in 2016

For the 2016 business year, the members of the Board of Directors received a fixed compensation of CHF thousands 934. Contributions to benefit plans and other social contributions amounted to CHF thousands 107. The fixed compensation was paid in cash (CHF thousands 764) as well as in the form of an entitlement to acquire LLB shares (CHF thousands 170). The entitlement to acquire LLB shares is subject to a blocked period of three years.

In comparison with the previous year, the total compensation of the members of the Board of Directors decreased by CHF thousands 3 or 0.3 percent. The reduction in the compensation of the members of the Board of Directors was due to lower contributions to benefit plans and other social contributions.

For the 2016 business year, the members of the Group Executive Board received a fixed compensation of CHF thousands 3,120 and a variable compensation of CHF thousands 2,262. Contributions to benefit plans and other social contributions amounted to CHF thousands 1,020. The fixed compensation was paid in cash. The variable compensation was paid in cash (50 %) as well as in the form of an entitlement to acquire LLB shares (50 %), which is subject to a blocked period of three years. The number of shares for the share-based compensation is calculated from the average share price of the last quarter of 2016 (CHF 40.26). The variable compensation for the members of the Group Executive Board was, on average, approximately 72.5 percent of the fixed compensation or 35.3 percent of total compensation.

The total compensation of the members of the Group Executive Board in 2016 increased by CHF thousands 1,284 or 25.1 percent. This increase was the result of the higher variable compensation. The MAPI was plus 22.5 percent, which corresponds to an attainment of targets of 156.2 percent.

The total compensation of the members of the Board of Directors and the members of the Group Executive Board for the 2016 business year is reported on an accrual basis. The variable compensation was charged to the 2016 income statement. Payment of the STI to the members of the Group Executive Board will be made in the first quarter of 2017. The entitlement to acquire LLB shares by the Group Executive Board (LTI) and the Board of Directors is subject to a blocked period of three years.

Details of the compensation and the participations of the members of the Board of Directors and the Group Executive Board, as well as loans to them are shown in the following table.

Enlarge table(XLS:) Download
Compensation of key management personnel

 

 

Fixed compensation *

 

Variable compensation

 

Contri­bution to benefit plans and other social contri­butions

 

Share-based payments

 

Entitlements

 

Total

in CHF thousands

 

2016

 

2015

 

2016

 

2015

 

2016

 

2015

 

2016

 

2015

 

2016

 

2015

 

2016

 

2015

*

Fixed compensation fee, meeting allowances.

**

The Chairman receives a fixed compensation for his 70 percent workload. He does not receive meeting allowances.

***

The Board of Management comprises six members.

****

Heinz Knecht went into retirement on 30 June 2016. From this date, Urs Müller previously Head of the Institutional Clients Division, took over from Heinz Knecht as Head of the Retail & Corporate Banking Division. Natalie Epp has been Head of the Institutional Clients Division since 1 July 2016.

Members of the Board of Directors

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hans-Werner Gassner, Chairman **

 

300

 

300

 

0

 

0

 

73

 

74

 

0

 

0

 

40

 

40

 

413

 

414

Markus Foser, Vice Chairman

 

119

 

119

 

0

 

0

 

9

 

9

 

0

 

0

 

30

 

30

 

158

 

158

Markus Büchel, Member

 

64

 

64

 

0

 

0

 

5

 

5

 

0

 

0

 

20

 

20

 

89

 

89

Patrizia Holenstein, Member

 

74

 

74

 

0

 

0

 

6

 

6

 

0

 

0

 

20

 

20

 

100

 

100

Urs Leinhäuser, Member

 

74

 

74

 

0

 

0

 

4

 

6

 

0

 

0

 

20

 

20

 

98

 

100

Gabriela Nagel-Jungo, Member

 

63

 

63

 

0

 

0

 

5

 

5

 

0

 

0

 

20

 

20

 

88

 

88

Roland Oehri, Member

 

70

 

70

 

0

 

0

 

5

 

5

 

0

 

0

 

20

 

20

 

95

 

95

Total

 

764

 

764

 

0

 

0

 

107

 

110

 

0

 

0

 

170

 

170

 

1'041

 

1'044

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Members of the Board of Management ***

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Roland Matt, Group CEO

 

637

 

637

 

182

 

87

 

189

 

183

 

 

 

 

 

182

 

87

 

1'190

 

994

Other members of the Board of Management ****

 

2'483

 

2'497

 

949

 

394

 

831

 

839

 

 

 

 

 

949

 

394

 

5'212

 

4'124

Total

 

3'120

 

3'134

 

1'131

 

481

 

1'020

 

1'022

 

0

 

0

 

1'131

 

481

 

6'402

 

5'118

(XLS:) Download

No member of the Board of Directors or the Board of Management owns more than 0.1 percent of the voting rights.

(XLS:) Download
Loans of key management personnel

 

 

Fixed mortgages

 

Variable mortgages

 

Total

in CHF thousands

 

31.12.2016

 

31.12.2015

 

31.12.2016

 

31.12.2015

 

31.12.2016

 

31.12.2015

*

In addition there is a surety limit of CHF thousands 84 for a member of the Management Board.

**

There is a surety limit of CHF thousands 84.

Members of the Board of Directors

 

 

 

 

 

 

 

 

 

 

 

 

Hans-Werner Gassner, Chairman

 

0

 

0

 

0

 

0

 

0

 

0

Markus Foser, Vice Chairman

 

1'000

 

300

 

0

 

0

 

1'000

 

300

Markus Büchel, Member

 

1'291

 

1'294

 

0

 

0

 

1'291

 

1'294

Patrizia Holenstein, Member

 

0

 

0

 

0

 

0

 

0

 

0

Urs Leinhäuser, Member

 

0

 

0

 

0

 

0

 

0

 

0

Gabriela Nagel-Jungo, Member

 

400

 

400

 

0

 

0

 

400

 

400

Roland Oehri, Member

 

0

 

0

 

0

 

0

 

0

 

0

Related parties

 

1'425

 

1'580

 

0

 

0

 

1'425

 

1'580

Total

 

4'116

 

3'574

 

0

 

0

 

4'116

 

3'574

 

 

 

 

 

 

 

 

 

 

 

 

 

Members of the Board of Management

 

 

 

 

 

 

 

 

 

 

 

 

Roland Matt, Group CEO

 

1'005

 

1'255

 

0

 

0

 

1'005

 

1'255

Other members of the Board of Management *

 

2'810

 

2'810

 

0

 

0

 

2'810

 

2'810

Related parties **

 

0

 

0

 

0

 

0

 

0

 

0

Total

 

3'815

 

4'065

 

0

 

0

 

3'815

 

4'065

At 31 December 2016, the maturities of the fixed mortgages for the members of the Board of Directors and related parties ranged between 13 and 107 months (previous year: between 11 and 119 months) at standard market client interest rates of 0.95 to 1.65 percent p.a. (previous year: 1.10 to 1.60 %). At 31 December 2016, the maturities of the fixed mortgages for the members of the Board of Management ranged between 22 and 102 months (previous year: between 1 and 114 months) at interest rates of 0.4 to 1.88 percent p.a. (previous year: 1.05 to 2.88 %).

Of the total amount for mortgages for the members of the Board of Management, CHF thousands 1,000 (previous year: CHF thousands 750) was granted at the preferential interest rate for staff, the remainder was subject to the standard market client interest rate.

The fair value of cover of new loans granted amounted to CHF thousands 1,577 (previous year: CHF thousands 1,577).

No allowances for loans to management were necessary. LLB issued guarantees to third parties on behalf of management or related parties totalling CHF thousands 168 (previous year: CHF thousands 0).