DBS CEO's 2022 pay up 13% to $11.36 million after bank's record performance

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DBS CEO's 2022 pay up 13% to $11.36 million after bank's record performance
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SINGAPORE : Piyush Gupta, the chief executive of Southeast Asia's biggest lender DBS Group, earned S$15.38 million ($11.36 million) in remuneration in 2022 in a banner year for the bank.The remuneration was 13.3 per cent jump up from a year earlier and included salary, cash bonus and non-cash benefits, th

SINGAPORE : Piyush Gupta, the chief executive of Southeast Asia's biggest lender DBS Group, earned S$15.38 million in remuneration in 2022 in a banner year for the bank.

The remuneration was 13.3 per cent jump up from a year earlier and included salary, cash bonus and non-cash benefits, the Singaporean bank's latest annual report released on Thursday shows. DBS's 2022 profit soared 20 per cent to a record S$8.2 billion with return on equity hitting 15 per cent, surpassing previous records.

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