Credit Suisse Group said Thursday it paid chief executive Brady Dougan Sfr19.2m (€13.5m) in cash and stock for 2009, making him one of the best paid executives in the industry.

The payout, which dwarfs many of Dougan's peers and the manager's own 2008 cash payout of Sfr2.8m, in part reflects the bank's recovery after it swung to a 2009 net profit of Sfr6.41bn from a year-earlier net loss of Sfr8.22bn.