OCBC CEO Helen Wong's Salary Rises as Bank's Earnings Reach New High

📆 05-04-24 03:55:00
📰 The Straits Times

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Finance Nouvelles

OCBC,Helen Wong,Salary

OCBC group chief executive Helen Wong's annual pay for 2023 increased to $12.1 million, an 8% rise from the previous year, as the bank's full-year earnings hit a record high. Meanwhile, DBS CEO Piyush Gupta's salary dropped by 27% to $11.2 million due to digital disruptions in the bank's services. Wong's remuneration includes a base salary of $1.44 million, a bonus of $6.35 million, deferred shares worth $4.24 million, and other benefits.

SINGAPORE – OCBC group chief executive Helen Wong’s salary rose in 2023 as her bank’s full-year earnings reached a new high.

The 2023 variable compensation for Mr Gupta and other members of DBS’ group management committee was cut to hold them accountable for a series of digital disruptions in the bank’s services in 2023.who took home $15.9 million, a 12 per cent increase from the $14.2 million he earned in 2022. The increase in her pay was smaller than the 47 per cent salary jump she had in 2022, when her pay of $11.2 million rose from $7.6 million the previous year. Ms Wong was appointed group CEO on April 15, 2021.

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