OCBC disclosed the 2021 salary of its first female chief executive Helen Wong following significantly stronger annual earnings.
OCBC CEO Helen Wong’s annual salary totaled S$7.6 million ($5.6 million), according to the Singaporean bank’s annual report.
Wong’s compensation package includes a base salary of S$1.1 million, a S$2.9 million bonus, S$2 million in deferred shares and S$1.6 million in other benefits including club and car benefits.
The salary accounts for her compensation as a deputy president from January 1 to April 14 and as group CEO from April 15 onwards.
Pre-Covid Profit
Wong oversaw the bank in a year that saw profit recovery after a weaker 2020 due to the pandemic.
In 2021, net profit rose 35 percent compared to a 26.3 percent drop in 2020.
At Singapore’s other ‘big three’ banks, DBS CEO Piyush Gupta received S$13.6 million and UOB CEO Wee Ee Chong received S$10.9 million for their annual salaries.
Correction: This article originally provided an incorrect comparison with Samuel Tsien's compensation which totaled S$8.6 million in 2020.
