ZURICH, March 16 (Reuters) - Julius Baer CEO

Stefan Bollinger was awarded a total compensation of 23.96

million Swiss francs ($30.31 million) for 2025, a sum that

includes replacement awards for forfeited variable pay of a

previous employer, the Swiss bank said on Monday.

Bollinger joined Julius Baer in January 2025 from Goldman

Sachs ( GS ). Bollinger's total salary at Julius Baer last year

excluding replacements was 8.27 million Swiss francs, according

to the bank's annual report.

UBS, Switzerland's biggest bank, earlier this month

kept CEO Sergio Ermotti's total compensation steady at 14.9

million Swiss francs amid an ongoing overhaul of Swiss banking

rules and criticism of high bonuses for CEOs.

Swiss pharma giant Novartis' CEO Vasant Narasimhan received

a 24.9 million franc compensation package for 2025, which proxy

advisory firm Ethos has called "particularly excessive".

($1 = 0.7904 Swiss francs)