DBS CEO Gupta’s Total Pay Last Year Rises to $11.4 Million

Bloomberg2023-03-09

DBS Group Holdings Ltd. raised Chief Executive Officer Piyush Gupta’s total remuneration for 2022 by about 13% after its fourth-quarter profit topped estimates on lending gains.Piyush Gupta ...

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Comments

Soyabean89
2023-03-09
Soyabean89
Just so u guys who r struggling with ur home loan or simi sai loan.. Part of it goes to the real talent pocket. Pity powell shushu cant get some of the pie... Oh well *slurping ice kosong while paying 8% gst*
SPOT_ON
2023-03-09
SPOT_ON
Damn

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This is an increase from the S$13.6 million totalpay packagehe got a year ago, according to a comparison with last year’s figures.Singapore’s largest lender got a boost last year from rising global interest rates, and announced a special dividend. Still, stock market volatility led to a leaner period for dealmaking and fees from advising rich clients. DBS said in its report that an expanded current and savings account base allowed it to enjoy higher leverage to rising interest rates than in previous years.In the report, Gupta said the higher rates, together with improvements to transform the bank, will enable DBS to sustain a return on equity of more than 15%, barring any unexpected shocks to the global economy. 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