Personnel expenses (Tables)

6 Months Ended

Jun. 30, 2024

Personnel Expenses [Line Items]

Personnel expenses

For the quarter ended

Year-to-date

USD m

30.6.24

31.3.24

30.6.23

30.6.24

30.6.23

Salaries and variable compensation

1

6,058

5,863

4,804

11,922

8,689

of which: variable compensation – financial advisors

2

1,291

1,267

1,110

2,558

2,222

Contractors

82

86

77

168

147

Social security

419

409

294

828

572

Post-employment benefit plans

309

367

261

676

497

Other personnel expenses

251

225

215

476

366

Total personnel expenses

7,119

6,949

5,651

14,068

10,271

1 Includes role-based allowances. 2 Consists of cash and deferred compensation awards and is based on compensable revenues and firm tenure using a formulaic approach. Also includes expenses related to

compensation commitments with financial advisors entered into at the time of recruitment that are subject to vesting requirements.