, Singapore
1768 views
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.

*****

You May Also Like

Join Singapore Business Review community

Follow the link s for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.