OCBC Bank CEO Samuel Tsien's remuneration jumps 60%
Published on Apr 4, 2014 6:05 PM
OCBC chief executive officer (CEO) Samuel Tsien has earned a 60 per cent pay hike in a nod to the work he is doing to expand the lender's regional presence.
He took home $8.8 million in total remuneration last year, up from the $5.5 million he earned in the previous year, said OCBC in its annual report released on Friday.
The bulk of Mr Tsien's pay came from bonuses of $4.5 million, while salary and fees added up to $1.2 million and the value of share awards was $2.25 million.
He's seen as being instrumental in OCBC's push into the Greater China market, having just sealed the deal to buy Hong Kong's Wing Hang for $6.23 billion.
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