Personnel expenses (Tables)

6 Months Ended

Jun. 30, 2022

Entity [Table]

Disclosure Of Employee Benefits Tables Explanatory

For the quarter ended

Year-to-date

USD m

30.6.22

31.3.22

30.6.21

30.6.22

30.6.21

Salaries and variable compensation

2,664

2,948

2,945

5,612

5,816

Financial advisor compensation

1

1,122

1,220

1,183

2,342

2,353

Contractors

80

83

98

163

196

Social security

218

285

241

503

508

Post-employment benefit plans

199

249

173

448

439

Other personnel expenses

139

135

132

274

260

Total personnel expenses

4,422

4,920

4,772

9,343

9,573

1 Financial advisor compensation consists of formulaic compensation based directly on compensable revenues generated by financial advisors and supplemental compensation calculated on the basis of financial

advisor productivity, firm tenure, new assets and other variables. It also includes expenses related to compensation commitments with financial advisors entered into at the time of recruitment that are subject to

vesting requirements.