Piyush Gupta, who has led DBS for over 15 years, will take home 17.6 million Singapore dollars ($13.2 million) for his last paycheck from the region’s largest bank. It's 57% larger than the 11.2 million Singapore dollars ($8.4 million) he received in 2023.
According to the bank’s annual report released on Thursday, Gupta’s pay for 2024 is split between his base salary of 1.5 million Singapore dollars ($1.13 million), a cash bonus of 6.6 million Singapore dollars ($4.96 million), and deferred remuneration of 9.36 million Singapore dollars ($7.03 million). For the deferred pay, about 17.1% will be in cash while the remainder will be in the form of shares.
