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Related parties (Tables)
12 Months Ended
Dec. 31, 2022
Remuneration  
Entity [Table]  
Disclosure Of Transactions Between Related Parties Explanatory
Remuneration of key management
 
personnel
USD m, except where indicated
31.12.22
31.12.21
31.12.20
Base salaries and other cash payments
1
27
31
33
Incentive awards – cash
2
17
17
18
Annual incentive award under DCCP
25
26
27
Employer’s contributions to retirement
 
benefit plans
2
3
3
Benefits in kind, fringe benefits (at market
 
value)
1
1
1
Share-based compensation
3
45
45
47
Total
118
124
129
Total (CHF m)
4
114
113
121
1 May include role-based
 
allowances in line
 
with market practice
 
and regulatory requirements.
 
2 The cash
 
portion may also include
 
blocked shares in
 
line with regulatory
 
requirements.
 
3 Compensation
 
expense
is based on the
 
share price on
 
grant date
 
taking into
 
account perform
 
ance conditions.
 
Refer to Note
 
27 for
 
more information.
 
For GEB
 
members, share
 
-based compensation
 
for 2022,
 
2021 and 2020
 
was entirely
composed of LTIP
 
awards. For the
 
Chairman of the BoD the share
 
-based compensation for 2022,
 
2021 and 2020 was
 
entirely composed of
 
UBS shares.
 
4 Swiss franc amounts disclosed
 
represent the respective
 
US
dollar amounts translated at
 
the applicable performance
 
award currency exchange
 
rates (2022: USD /
 
CHF
0.96
; 2021: USD / CHF
0.92
; 2020: USD / CHF
0.94
).
Equity holdings  
Entity [Table]  
Disclosure Of Transactions Between Related Parties Explanatory
Equity holdings of key management
 
personnel
1
31.12.22
31.12.21
Number of UBS Group AG shares held by members of the
 
BoD, GEB and parties closely
 
linked to them
2
3,009,686
4,597,006
1 No options were held in
 
2022 and 2021
 
by non-independent members
 
of the BoD and any GEB
 
member or any of
 
its related parties.
 
2 Excludes shares
 
granted under variable
 
compensation plans with
 
forfeiture
provisions.
Key management personnel | Loans, advances and mortgages  
Entity [Table]  
Disclosure Of Transactions Between Related Parties Explanatory
Loans, advances and mortgages
 
to key management personnel
1
USD m, except where indicated
2022
2021
Balance at the beginning of the year
34
38
Additions
8
11
Reductions
(9)
(15)
Balance at the end of the year
2
33
34
Balance at the end of the year (CHF
 
m)
2, 3
31
31
1 All loans are secured loans.
 
2 There were no
 
unused uncommitted credit
 
facilities as of 31 December
 
2022 and 31 December
 
2021.
 
3 Swiss franc amounts
 
disclosed represent the respective
 
US dollar amounts
translated at the relevant year-end
 
closing exchange
 
rate.
Associates and joint ventures | Loans, advances and mortgages  
Entity [Table]  
Disclosure Of Transactions Between Related Parties Explanatory
Loans to and outstanding
 
receivables from associates and joint
 
ventures
USD m
2022
2021
Carrying amount at the beginning of the year
251
630
Additions
402
133
Reductions
(438)
(497)
Foreign currency translation
1
(14)
Carrying amount at the end of the year
 
217
251
of which: unsecured loans and receivables
209
243
Other transactions with associates and joint
 
ventures
As of or for the year ended
USD m
31.12.22
31.12.21
Payments to associates and joint ventures for goods
 
and services received
138
157
Fees received for services provided to
 
associates and joint ventures
4
104
Liabilities to associates and joint ventures
90
127
Commitments and contingent liabilities to associates and
 
joint ventures
7
7
UBS AG | Remuneration  
Entity [Table]  
Disclosure Of Transactions Between Related Parties Explanatory
Remuneration of key managem
 
ent personnel
USD m, except where indicated
31.12.22
31.12.21
31.12.20
Base salaries and other cash payments
1
26
30
31
Incentive awards – cash
2
16
17
17
Annual incentive award under DCCP
23
26
26
Employer’s contributions to retirement
 
benefit plans
2
2
2
Benefits in kind, fringe benefits (at market
 
value)
1
1
1
Share-based compensation
3
42
45
45
Total
110
122
122
Total (CHF m)
4
106
112
115
1 May include role-based
 
allowances in line with
 
market practice
 
and regulatory requirements.
 
2 The cash
 
portion may also include
 
blocked shares in line with
 
regulatory requirements.
 
3 Compensation expense
is based on
 
the share
 
price on
 
grant date
 
taking into
 
account performance
 
conditions.
 
Refer to
 
Note 27 for
 
more information.
 
For EB
 
members, share
 
-based compensation
 
for 2022,
 
2021 and
 
2020 was
 
entirely
composed of LTIP
 
awards.
 
For the Chairman
 
of the BoD,
 
the share-based compensation
 
for 2022, 2021
 
and 2020 was
 
entirely composed
 
of UBS shares.
 
4 Swiss franc
 
amounts disclosed
 
represent the respective
US dollar amounts translated
 
at the applicable performance
 
award currency exchange
 
rates (2022: USD / CHF
0.96
; 2021: USD / CHF
0.92
; 2020: USD /
 
CHF
0.94
).
UBS AG | Equity holdings  
Entity [Table]  
Disclosure Of Transactions Between Related Parties Explanatory
Equity holdings of key management
 
personnel
1
31.12.22
31.12.21
Number of UBS Group AG shares held by members of the
 
BoD, EB and parties closely linked
 
to them
2
2,443,580
4,175,515
1 No options were
 
held in 2022 and
 
2021 by non-independent
 
members of the BoD
 
and any EB
 
member or any
 
of its related parties.
 
2 Excludes shares
 
granted under
 
variable compensation
 
plans with forfeiture
provisions.
UBS AG | Key management personnel | Loans, advances and mortgages  
Entity [Table]  
Disclosure Of Transactions Between Related Parties Explanatory
Loans, advances and mortgages
 
to key management personnel
1
USD m, except where indicated
2022
2021
Balance at the beginning of the year
28
31
Additions
8
11
Reductions
(7)
(15)
Balance at the end of the year
2
28
28
Balance at the end of the year (CHF m)
2, 3
26
25
1 All loans are secured loans.
 
2 There were no
 
unused uncommitted credit
 
facilities as of 31 December
 
2022 and 31 December
 
2021.
 
3 Swiss franc amounts
 
disclosed represent the respective
 
US dollar amounts
translated at the relevant year-end
 
closing exchange
 
rate.
UBS AG | Associates and joint ventures | Loans, advances and mortgages  
Entity [Table]  
Disclosure Of Transactions Between Related Parties Explanatory
Loans to and outstanding
 
receivables from associates and joint
 
ventures
USD m
2022
2021
Carrying amount at the beginning of the year
251
630
Additions
402
133
Reductions
(438)
(497)
Foreign currency translation
1
(14)
Carrying amount at the end of the year
 
217
251
of which: unsecured loans and receivables
209
243
Other transactions with associates and joint
 
ventures
As of or for the year ended
USD m
31.12.22
31.12.21
Payments to associates and joint ventures for goods
 
and services received
138
157
Fees received for services provided to
 
associates and joint ventures
4
104
Liabilities to associates and joint ventures
90
127
Commitments and contingent liabilities to associates and
 
joint ventures
7
7
UBS AG | UBS Group AG and other subsidiaries of UBS Group AG | Loans, advances and mortgages  
Entity [Table]  
Disclosure Of Transactions Between Related Parties Explanatory
USD m
31.12.22
31.12.21
Receivables
Loans and advances to customers
2,807
1,049
Financial assets at fair value held for trading
146
187
Other financial assets measured at amortized cost
147
45
Payables
Customer deposits
2,119
2,828
Funding from UBS Group AG
56,147
57,295
Other financial liabilities measured at amortized cost
1,985
1,887
Other financial liabilities designated at fair value
1
1,796
2,340
1 Represents funding recognized
 
from UBS Group AG
 
that is designated at fair
 
value. Refer to Note 18b
 
for more information.