OCBC chief Samuel Tsien's 2014 pay up 12% at S$9.89m

[SINGAPORE] OCBC Bank chief executive Samuel Tsien was given a 12 per cent pay hike in 2014 to S$9.89 million, according to its annual report released on Monday

Much of Mr Tsien's pay increase came from a cash bonus of S$5.14 million against the previous year's S$4.5 billion. Salary and fees of S$1.24 million was unchanged from 2013. The value of share options granted was S$856,000, up from S$750,000, and the value of deferred share awards granted was S$2.57 million, higher than S$2.25 million in 2013.

OCBC posted a net profit of S$3.84 billion for 2014, up 39 per cent.