DBS CEO Piyush Gupta's total pay for 2022 rises by 13% to $11.4 million

DBS Group Holdings Ltd. raised Chief Executive Officer Piyush Gupta’s total remuneration for 2022 by about 13% after its fourth-quarter profit topped estimates on lending gains. 

Gupta received a cash bonus of about S$5.8 million ($4.3 million) and a salary remuneration of S$1.5 million that contributed to an overall compensation of S$15.4 million for 2022, according to the bank’s annual report released on Thursday. This is an increase from the S$13.6 million total pay package he got a year ago, according to a comparison with last year’s figures. 

Singapore’s largest lender got a boost last year from rising global interest