SUBSCRIBE: Newsletter

Human Resources



Singapore money notes to show CPF policies might be changing

CEOs from DBS, OCBC and UOB earned more last year

HR Masterclass Series: High-level HR strategy training workshops
with topics ranging from Analytics, to HR Business Partnering, Coaching, Leadership, Agile Talent and more.
Review the 2019 masterclasses here »

Despite the challenging economic environment last year, CEOs from the three local banks (DBS, OCBC and UOB) managed to lead their banks to achieve increased profits.

This, in turn, translated into larger pay checks for them.

Data from the banks’ annual report concluded each of the CEOs had an increase in pay of about S$1 million.

The highest paid among these CEOs last year was Wee Ee Cheong from UOB bank.

He earned $10.22 million in 2014 as compared to the $9.19 million he earned 2013.

The bulk of this increase came from his bonus, which increased by $1 million, from $8 million to $9 million. At the same time, his base salary also increased from $994,000 to $1.2 million.

ALSO READ: Salaries and bonuses of top local CEOs revealed

Coming in second, Piyush Gupta from DBS bank earned $10.12 million in 2014 – again higher than $9.2 million he received the year before.

While his base salary remained the same at $1.2 million, his share plan increased from $4.52 million to $5.07 million.

While being the lowest paid among the three, OCBC bank’s CEO Samuel N. Tsien still reaped in a handsome pay check of $9.88 million.

This was roughly a million more than the $8.81 million he earned last year.

Tsien’s basic salary also remained stagnant at $1.24 million while his bonus rose from $4.5 million to $5.13 million.

Image: Shutterstock

Uncover and learn about complex HR innovation tools and strategies at Accelerate HR from Thailand's largest employers including Agoda, DKSH, Fonterra, FWD, Kasikornbank, Minor Food, Nissan Motor and more.
Happening in Bangkok on 26-27 November, early-bird tickets are still available.

Read More News


Leave a Reply

You must be logged in to post a comment.