March 20, 2017 / 6:27 AM / 6 months ago

Julius Baer says 2016 pay for CEO Collardi rises to 6.49 million Swiss francs

Chief Executive Boris Collardi of Swiss private bank Julius Baer smiles as he addresses a news conference to present the bank's full-year results in Zurich, Switzerland February 1, 2017. REUTERS/Arnd Wiegmann

ZURICH (Reuters) - Julius Baer (BAER.S) Chief Executive Boris Collardi received 6.49 million Swiss francs ($6.52 million) in total compensation for 2016, the Swiss private bank said in its annual report on Monday.

This was up from 6.16 million francs in 2015. The Zurich-based bank’s share price fell 7.1 percent last year.

Reporting by Joshua Franklin; Editing by Michael Shields

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