Less pay for Big Three local banks' chiefs

Earnings at DBS, OCBC and UOB last year hit by measures amid coronavirus outbreak

Outgoing OCBC Bank chief executive Samuel Tsien took home $8.6 million last year, about 22.5 per cent less than the $11.1 million he was paid in 2019. His base salary was $1.24 million. UOB's chief executive Wee Ee Cheong recorded a total salary of $
Outgoing OCBC Bank chief executive Samuel Tsien took home $8.6 million last year, about 22.5 per cent less than the $11.1 million he was paid in 2019. His base salary was $1.24 million.
Outgoing OCBC Bank chief executive Samuel Tsien took home $8.6 million last year, about 22.5 per cent less than the $11.1 million he was paid in 2019. His base salary was $1.24 million. UOB's chief executive Wee Ee Cheong recorded a total salary of $
UOB's chief executive Wee Ee Cheong recorded a total salary of $9.81 million in 2020, down 8.8 per cent from $10.75 million the year before. His base salary remained unchanged at $1.2 million.
Outgoing OCBC Bank chief executive Samuel Tsien took home $8.6 million last year, about 22.5 per cent less than the $11.1 million he was paid in 2019. His base salary was $1.24 million. UOB's chief executive Wee Ee Cheong recorded a total salary of $
DBS Group's chief executive Piyush Gupta's pay fell 24 per cent to $9.18 million last year. His base salary was $1.2 million. His total compensation in 2019 was $12.13 million.

The chief executives of Singapore's banking trio drew lower salaries as the coronavirus pandemic took a bite out of bank earnings last year.

Outgoing OCBC Bank chief executive Samuel Tsien took home $8.6 million last year, about 22.5 per cent less than the $11.1 million he was paid in 2019, the bank's annual report showed yesterday.

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A version of this article appeared in the print edition of The Straits Times on April 06, 2021, with the headline 'Less pay for Big Three local banks' chiefs'. Subscribe