The highest-paid bank chief executive in Asia Pacific is DBS CEO Piyush Gupta, who received a total remuneration amounting to $10.1 million in 2021. He enjoyed a pay rise of 48%, following a 24% cut in total remuneration in 2020. DBS improved financial performance in 2021, with net profit surging by 44%. His base salary remained unchanged at $0.9 million, while the cash bonus and shares soared by 51% and 58% to $3.8 million and $5.3 million, respectively. The combined total remuneration of the top ten highest-paid bank chief executives in Asia Pacific reached $56.5 million in fiscal year (FY) 2021, up from $53.6 million in FY 2020.

Australia took the lead in the list of the top ten highest-paid bank chief executives in the region with five bank CEOs, followed by Singapore with three and Malaysia with two. Public Bank’s managing director and CEO Tay Ah Lek and UOB’s deputy chairman and CEO Wee Ee Cheong ranked second and third, respectively. Tay Ah Lek saw his salary rise 6% to $9.4 million in 2021. Wee’s total compensation in 2021 is $8.1 million, a 12% increase from the previous year. With total pay of $5.7 million in 2021, Helen Wong, who has been CEO of OCBC since April 2021, placed fourth. Hong Kong bank chief executives did not make it to the top ten. Brian David LI Man-bun and Adrian David LI Man-kiu, Co-CEOs of Bank of East Asia, were paid $2.4million and $2 million, respectively, while David Li Kwok-po, the bank’s executive chairman, received $2.7 million in remuneration.

Most bank chief executives received a pay rise

Ross McEwan, Group CEO and managing director of National Australia Bank (NAB), saw his compensation jump the most, at 129% in FY 2021, ended 30 September 2021. McEwan was only in the position for 10 months in FY 202...

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