According to the report, opposed to earlier practice of paying bonus mainly based on individual performance, the greater number of firms are now focusing on overall profits.
"Even if a banker has had a spectacular year but the institution for whom they work has performed badly … this affects their bonuses significantly," Reuters quoted Sophie De Ferranti, head of private wealth management at London headhunter Valens Goldberg.
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Bankers’ base salaries have remained constant during the last 12 months, De Ferranti added, but performance-linked compensation has dropped "significantly".
According to the report, bonuses had dropped to around 20-30 percent of revenues generated from bringing in new clients and selling financial products to them, from up to 50% before the crisis.
Quoting unnamed sources, the report says that base salaries for client advisers are between CHF130,000 and CHF150,000, while a banker at managing director level can expect to earn basic pay of about CHF250,000.
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