OCBC trumps UOB, DBS as most regionalised bank

THE annual reports of the three local banks can sometimes be pretty interesting, both in what is highlighted and what is tucked away.

Of the three, OCBC Bank's chairman retained the position of being the highest paid among his peers, despite the bank being the smallest in terms of market capitalisation. What was somewhat unusual was the restraint shown by United Overseas Bank (UOB) - the combined pay of its two chairmen came to $1.68 million: two for less than the price of one as it did not even match what DBS Group's Peter Seah took home ($1.84 million).

Tucked away in OCBC's report was that the board would be losing its only woman director, Fang Ai Lian, who will not stand for re-election at the upcoming annual general meeting. OCBC then joins UOB in having only male directors.