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Staff Reporter

, Singapore

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2 years ago

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Piyush Gupta (right) saw his salary rise almost 50% in 2021. (Photo courtesy of Richter Frank-Jurgen)

DBS CEO Piyush Gupta’s salary up 47.8% to S$13.57m in 2021

His cash bonus jumped 51% in 2021 compared to the previous year.

DBS’ CEO Piyush Gupta saw his salary rise 47.8% in 2021 compared to the previous year.

Gupta’s total salary for 2021–including fixed pay, cash bonus received in the following year and DBSH ordinary shares granted in the following year–totalled over S$13.57m in 2021, over S$4m higher than his 2020 pay of S$9.18m, according to the bank’s latest annual report.

Also Read: DBS posts record S$6.8b net profits in 2021

His cash bonus for the year was over S$5.16m, over 51% higher than in 2020, which was S$3.41m.

The share plan component of his salary also jumped 58% to S$7.13m in 2021 from only S$4.51m in 2020. This figure excludes his retention shares, estimated to be valued at over S$1.42m.

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