CEOs of Singapore’s Big Three banks took 9%-24% pay cut in 2020

(From left) OCBC group chief executive officer Samuel Tsien, UOB chief executive Wee Ee Cheong and DBS Group chief executive Piyush Gupta.
(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

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).

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