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Who amongst Singapore bank chiefs saw biggest pay cut last year?

Singapore Business Review

He hails from the bank which missed its 12% ROE target.

According to a report from Bloomberg, DBS Group Holdings Ltd chief executive officer Piyush Gupta saw his compensation fall last year more than his counterparts at Singapore’s two other large banks.

Stressed loans in the energy-support sector caused DBS to miss its 12% return-on-equity target for 2016, one of the bank’s key performance measures. The CEOs at DBS’s smaller rivals, Oversea-Chinese Banking Corporation and United Overseas Bank Ltd, also got reduced pay last year.

Check out how their pay cuts compare here.



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