Mr Wee Ee Cheong's annual remuneration comprises a base salary of $1.2 million, as well as a bonus of $14.7 million.
In an annual report on March 21, Singapore’s third-largest bank noted that 60 per cent of Mr Wee’s variable pay is deferred, and will vest over the next three years. The 2023 variable compensation for the DBS CEO and other members of the group management committee was cut to hold them accountable for a series of digital disruptions in 2023.
Mr Wee said in his bank’s annual report that the global economy faced uncertainties and challenges in 2023, with economic activity moderating on the back of slower demand in Europe and China.
Source: News Formal (newsformal.com)
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