OCBC CEO Helen Wong's 2022 pay reaches $11.2 million, behind other local bank chiefs - The Straits Times

SINGAPORE – OCBC Bank group chief executive officer Helen Wong was paid $11.2 million in 2022, behind the remuneration of other local bank CEOs.

This comes after OCBC reported a net profit of $1.3 billion for the fourth quarter ended December 2022, up 34 per cent from the previous year.

Although the group’s net interest income hit a new quarterly high of $2.4 billion, its earnings still missed the $1.6 billion average estimate based on four analysts polled by Bloomberg.

Ms Wong’s annual remuneration in 2022 was made up of a base salary of $1.4 million, a bonus of $5.4 million and deferred shares amounting to $3.6 million, as well as payment in the form of other benefits worth $782,244.

Some benefits that Ms Wong enjoys, which are paid by the bank, include club and car benefits.

In comparison, DBS Bank CEO Piyush Gupta was paid $15.4 million in 2022, while UOB CEO Wee Ee Cheong took home $14.2 million.

Ms Wong’s salary for 2021 was $7.6 million, after she was appointed the group CEO on April 15 of that year.

Besides her role as CEO, Ms Wong also sits as a member on the bank’s risk management committee and board sustainability committee.

OCBC shares were trading up six cents, or 0.5 per cent, at $12.45 as at 9.02am. THE BUSINESS TIMES

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