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

Finance News

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

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.

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 26 sec. here
  • 14 min. at publisher
  • 📊 Quality Score:
  • News: 56%
  • Publisher: 63%

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

The Straits Times /  🏆 8. in ZA
 

South Africa South Africa Latest News, South Africa South Africa Headlines



Render Time: 2025-01-17 17:12:04