DBS CEO's remuneration up 15.5% for 2018

Singapore

DBS Group Holdings chief executive Piyush Gupta's pay grew by 15.5 per cent to S$11.9 million last year, going by the bank's latest annual report out on Thursday.

It was his best year so far. Of his total remuneration, his cash bonus came to S$4.5 million, and his share plan, S$6.1 million, on top of a salary of S$1.2 million, unchanged from a year ago. Other remuneration representing non-cash components, comprising club, car and driver, was marginally down at S$62,527.

In 2017, he had earned S$10.3 million, up 23 per cent as wealth management income quadrupled, and net profit rose four per cent to a record S$4.39 billion. In 2016, however, his pay fell 23 per cent to S$8.4 million as profits slipped on bad debts from …