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CEOs of Singapore’s Big Three banks took 9%-24% pay cut in 2020
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(From left) OCBC group chief executive officer Samuel Tsien, UOB chief executive Wee Ee Cheong and DBS Group chief executive Piyush Gupta.
PHOTOS: LIANHE ZAOBAO, UOB, BT FILE
Natalie Choy
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SINGAPORE (THE BUSINESS TIMES) - The chief executives of Singapore's banking trio drew lower salaries in 2020 as the pandemic took a bite out of banks' earnings last year.
Outgoing OCBC chief Samuel Tsien took home a total salary of $8.6 million in 2020, about 22.5 per cent lower than $11.1 million in 2019, the bank's annual report showed on Monday (April 5).
