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DBS CEO receives big pay hike to $13.58 mil for FY2021 following record year

The Edge Singapore
The Edge Singapore • 4 min read
DBS CEO receives big pay hike to $13.58 mil for FY2021 following record year
For FY2021, the bank reported record earnings of $6.8 billion, up 44%.
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DBS Group Holdings CEO Piyush Gupta has been given a big pay hike of some 48% for 2021 following a cut in the preceding year.

According to the company’s annual report published earlier this morning, Gupta received a total package of $13.58 million, the bulk of which is from shares worth more than $7.1 million.

The pay raise comes on the back of DBS’s “best year ever” in 2021 in terms of its financial performance, as well as a range of key scorecard goals, according to the report.

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