SINGAPORE (April 5): The CEOs for the three biggest banks in Singapore saw pay cuts ranging from 8.2% to 24.3% for the FY2020 ended December, in tandem with lower earnings reported for the period amidst the Covid-19 environment.
While base salaries for the CEOs of DBS Group Holdings, Overseas-Chinese Banking Corporation (OCBC), and United Overseas Bank (UOB) remained flat, their respective total remunerations were lower due to cuts in bonuses, share awards, and other benefits.
Piyush Gupta, CEO of DBS, saw the...(click on link for full story on theedgesingapore.com)