DBS Bank: S$10.9 Million Reward for CEO

DBS CEO Piyush Gupta

DBS CEO Piyush Gupta

The Chief Executive of Singapore’s largest lender DBS has topped the salary remuneration ranks for bank CEO’s in the city-state.

The total compensation for Piyush Gupta for 2015, according to the just published annual report of the bank, which is titled «Live More Bank Less» was S$10.9 million.

A breakdown of the CEO’s package shows that for 2015 his base salary was S$1.2 million, he received a cash bonus of S$4.11 million and a share component of over S$5.56 million. Gupta also received a further S$55.439 in other benefits. Gupta's total compensation for 2015 is over 8 per cent higher than the S$10.1 million he received in 2014.

Earlier this week finews.asia reported on Samuel Tsien, the Chief Executive Officer of Singapore’s second largest bank OCBC, who received a package of S$10.4 million for 2015.

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