Staff Reporter
,
Singapore
About $9.35m of this is a deferred award, of which 17.1% will be in cash.
DBS CEO Piyush Gupta earned a total of S$17.58m for 2024.
A bulk of this— about $9.35m— is a deferred award, of which 17.1% will be in cash and the remainder will be in the form of shares.
His cash bonus for the period is $6.64m.
Meanwhile, $80,533 were non-cash components consisting of club, car, and driver.
Gupta is stepping down as CEO of DBS in 2025, after helming Singapore’s biggest bank by asset-size since 2008.
In 2023, Gupta had taken a $4.14m variable pay cut following tech disruptions.
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