UOB CEO’s Annual Pay Surpasses 2019 Level

UOB bank branch at VivoCity Mall. Photo taken November 2021UOB bank branch at VivoCity Mall. Photo taken November 2021

This article originally was published on finews.asia.

The annual salary of longstanding UOB chief executive Wee Ee Cheong climbed higher in 2021 and surpassed the 2019 pay level following a difficult year in 2020.

UOB CEO and deputy chairman Wee Ee Cheong’s annual salary in 2021 rose 11.5 percent to S$10.9 million, according to the bank’s annual report released yesterday. 

The compensation includes a base salary of S$1.2 million and a bonus of $9.7 million alongside other benefits.

The increased pay surpasses 2019 levels after Wee saw his pay drop 8.8 percent to S$9.8 million in 2020 due to Covid-related challenges in the business environment. 

In comparison, fellow banking Singapore chief from DBS, Piyush Gupta, saw his 2021 pay surge by around 48 percent to nearly S$13.6 million.

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