UBS increased the amount it spent on guaranteed bonuses for senior bankers by nearly 30% in 2018, a year in which it bolstered the ranks of dealmakers at its investment bank.

The Swiss group made guaranteed payments to 54 staff, according to its latest remuneration report published on March 15, a 38% increase on 2017. This was done at a cost of $48m, compared with $37m the previous year.