UBS chairman Axel Weber and chief executive Sergio Ermotti today declared the Swiss bank is "on the right track" with its strategy, but shareholders at its annual meeting were more concerned with sky-high bonuses, a lack of staff loyalty and investigations into exchange-rate manipulation.

Speaking this morning at the bank's annual general meeting at the Messe Basel exhibition venue, Weber described 2013 as a "good year", adding there was no doubt the bank is on the "right track" and set for a "bright future".