OCBC CEO Helen Wong’s 2022 pay reaches $11.2 million, behind other local bank chiefs
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Ms Helen Wong’s salary for 2021 was $7.6 million, after she was appointed OCBC group CEO on April 15 of that year.
ST PHOTO: KUA CHEE SIONG
SINGAPORE – OCBC Bank group chief executive Helen Wong was paid $11.2 million in 2022, behind the remuneration of other local bank CEOs.
This comes after OCBC reported a net profit of $1.3 billion for the fourth quarter ended December 2022, up 34 per cent from the previous year.
Although the group’s net interest income hit a new quarterly high of $2.4 billion, its earnings still missed the $1.6 billion average estimate based on four analysts polled by Bloomberg.
Ms Wong’s annual remuneration in 2022 was made up of a base salary of $1.4 million, a bonus of $5.4 million and deferred shares amounting to $3.6 million, as well as payment in the form of other benefits worth $782,244.
Some benefits that Ms Wong enjoys, which are paid by the bank, include club and car benefits.
In comparison, DBS Bank CEO Piyush Gupta was paid $15.4 million in 2022, while UOB CEO Wee Ee Cheong took home $14.2 million.
Ms Wong’s salary for 2021 was $7.6 million, after she was appointed group CEO on April 15 that year.
Besides her role as CEO, Ms Wong also sits as a member on the bank’s risk management committee and board sustainability committee.
OCBC shares closed at $12.37 on Friday, down 0.16 per cent. THE BUSINESS TIMES
