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Personnel expenses (Tables) | 6 Months Ended
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Jun. 30, 2023
Personnel Expenses [Line Items] |
Personnel expenses | For the quarter ended Year-to-date USD m 30.6.23 31.3.23 30.6.22 30.6.23 30.6.22 Salaries and variable compensation 1 4,804 3,885 3,786 8,689 7,954 of which: variable compensation – financial advisors 2 1,110 1,111 1,122 2,222 2,342 Contractors 77 70 80 147 163 Social security 294 279 218 572 503 Post-employment benefit plans 261 236 199 497 448 Other personnel expenses 215 151 139 366 274 Total personnel expenses 5,651 4,620 4,422 10,271 9,343 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. It also includes expenses related to compensation commitments with financial advisors entered into at the time of recruitment that are subject to vesting requirements.

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