Measures:

National remuneration projects

• 2021: Redesign of the company pension plan
  (Target group: Senior executives and AT employees)
• 2019: Transfer of remuneration and company pension schemes of employees from different group companies
  (Target group: Senior executives and AT employees)
• 2016-2017 / 2011: Changeover of variable compensation system, esp. taking into account national and international regulatory requirements (EIOPA, ESMA guidelines, BaFin) as well as group requirements; establishment of various compensation committees; preparation of compensation reports on compliance progress
  (Target group: management, risk-takers and senior executives)
• 2014: Conversion of the company pension plan from defined benefits (DB) to defined contribution (DC).
  (Target group: Management)
• 2009: Standardization of the collective agreements applied
• 2006: Introduction of a new function evaluation and compensation system
  (Target group: Senior executives and AT employees)

International compensation projects

• 2019-2020: Review of compensation structures and levels in the New York asset management unit, including derivation of actions.
  (Target group: Management and employees (USA))
• 2016-2017: Introduction of written contracts, conversion of variable compensation system (focus: multi-year bonuses)
  (Target group: Management USA / Hong Kong)