Datafiles

CEO remuneration 2016: Piyush Gupta of DBS is highest paid executive in APAC

By Research

Piyush Gupta, chief executive officer of DBS Singapore, received the highest remuneration among bank CEOs in the Asia Pacific region in 2016, while top executives of many Chinese banks had high reductions in their compensations.

DBS CEO Piyush Gupta received the highest remuneration among bank CEOs in the Asia Pacific region in financial year (FY) 2015, totaling $7.7 million (S$10.9 million).This is 8% more than the year before, while UOB’s deputy chairman and CEO Wee Ee Cheong, Singapore’s best-paid bank CEO in FY 2014, saw a
10% decline in his total remuneration.

Top executives of most Chinese banks saw a massive reduction in their remuneration, already lower than peers in the region. The total pay of Jiang Jianqing, former chairman of Industrial and Commercial Bank of China, was slashed in half to around $84,000, equivalent to 1.1% of Gupta’s salary, as a consequence of the government’s plan to reform the pay structure of state-owned enterprises (SOEs).

Top Gamblers
Performance-based remuneration as % of total remuneration

Performance-
based
Remunation
Ranking
Bank Country CEO Title Performance-based Remuneration as % of Total Remuneration
1 DBS Group Singapore Piyush Gupta CEO 88.5%
2 OCBC Bank Singapore Samuel N. Tsien Group CEO 87.5%
3 United Overseas Bank Singapore Wee Ee Cheong Deputy Chairman & CEO 86.7%
4 Macquarie Bank Australia Mary J. Reemst Managing Director & CEO 82.2%
5 Kasikornbank Thailand Banthoon Lamsam Chairman and CEO 73.4%
6 Affin Bank Malaysia Zulkiflee Abbas Bin Abdul Hamid Former Managing Director & CEO 71.5%
7 Dah Sing Banking Group Hong Kong Harold Tsu-Hing Wong Managing Director & Chief Executive 68.6%
8 RHB Capital Malaysia Khairussaleh Ramli Group Managing Director 67.1%
9 Commonwealth Bank of Australia Australia Ian Narev Managing Director & CEO 65.8%
10 Thanachart Bank Thailand Somjate Moosirilert CEO and Presiden 62.3%
11 Public Bank Malaysia Tay Ah Lek Managing Director & CEO 61.1%
12 ANZ Australia Michael Smith Former Chief Executive Officer 59.0%
13 National Australia Bank Australia Andrew Thorburn Group CEO and Managing Director 57.0%
14 Maybank Malaysia Abdul Farid Alias Group President & Chief Executive Officer 56.5%
15 Bank of East Asia Hong Kong David Li Kwok-Po Chairman & Chief Executive 55.7%
16 Bank of Queensland Australia Jon Sutton Managing Director & CEO 55.5%
17 Westpac Banking Corporation Australia Brian Hartzer Managing Director & CEO 55.3%
18 Hang Seng Bank Hong Kong Rose Lee Wai Mun Vice Chairman and Chief Executive 52.3%
19 Bendigo and Adelaide Bank Australia Mike Hirst Managing Director & CEO 50.3%
20 Entie Commercial Bank Taiwan Mark Zoltan Chiba Former Chairman 48.3%



Biggest Bottom-Line Chewers

CEO remuneration as % of bank net profit

CEO Remuneration as % of Bank Net Profit Ranking Bank Country CEO Title CEO Remuneration as % of Bank Net Profit
1 Affin Bank Malaysia Zulkiflee Abbas Bin Abdul Hamid Former Managing Director & CEO 1.38%
2 Chong Hing Bank Hong Kong Leung Ko May Yee Margaret Deputy Chairman and Managing Director 1.21%
3 Dah Sing Banking Group Hong Kong Harold Tsu-Hing Wong Managing Director & Chief Executive 1.03%
4 Bank of Queensland Australia Jon Sutton Managing Director & CEO 0.87%
5 Bendigo and Adelaide Bank Australia Mike Hirst Managing Director & CEO 0.68%
6 Bank of East Asia Hong Kong David Li Kwok-Po Chairman & Chief Executive 0.50%
7 Public Bank Malaysia Tay Ah Lek Managing Director & CEO 0.34%
8 RHB Capital Malaysia Khairussaleh Ramli Group Managing Director 0.33%
9 Hong Leong Financial Group Malaysia Choong Yee How Former President & CEO 0.33%
10 United Overseas Bank Singapore Wee Ee Cheong Deputy Chairman & CEO 0.29%
11 OCBC Bank Singapore Samuel N. Tsien Group CEO 0.26%
12 DBS Group Singapore Piyush Gupta CEO 0.24%
13 CIMB Group Malaysia Tengku Zafrul Aziz Group Chief Executive Officer/Executive Director 0.24%
14 YES BANK India Rana Kapoor Managing Director & CEO 0.22%
15 Taipei Fubon Commercial Bank Taiwan Daniel M. Tsai Chairman 0.16% - 0.27%
16 Macquarie Bank Australia Mary J. Reemst Managing Director & CEO 0.19%
17 ANZ Australia Michael Smith Former Chief Executive Officer 0.14%
18 Commonwealth Bank of Australia Australia Ian Narev Managing Director & CEO 0.09%
19 Maybank Malaysia Abdul Farid Alias Group President & Chief Executive Officer 0.09%
20 Entie Commercial Bank Taiwan Mark Zoltan Chiba Former Chairman 0.09%



Top Overhead Blowers

CEO remuneration as % of total personnel expense

CEO Remuneration as % of Total Personnel Expense Ranking Bank Country CEO Title CEO Remuneration as % of Total Personnel Expense
1 Chong Hing Bank Hong Kong Leung Ko May Yee Margaret Deputy Chairman and Managing Director 2.14%
2 Dah Sing Banking Group Hong Kong Harold Tsu-Hing Wong Managing Director & Chief Executive 1.55%
3 Affin Bank Malaysia Zulkiflee Abbas Bin Abdul Hamid Former Managing Director & CEO 1.34%
4 Bank of Queensland Australia Jon Sutton Managing Director & CEO 1.08%
5 Public Bank Malaysia Tay Ah Lek Managing Director & CEO 0.84%
6 Hong Leong Financial Group Malaysia Choong Yee How Former President & CEO 0.72%
7 Bendigo and Adelaide Bank Australia Mike Hirst Managing Director & CEO 0.62%
8 Bank of East Asia Hong Kong David Li Kwok-Po Chairman & Chief Executive 0.52%
9 OCBC Bank Singapore Samuel N. Tsien Group CEO 0.47%
10 United Overseas Bank Singapore Wee Ee Cheong Deputy Chairman & CEO 0.45%
11 Hang Seng Bank Hong Kong Rose Lee Wai Mun Vice Chairman and Chief Executive 0.44%
12 YES BANK India Rana Kapoor Managing Director & CEO 0.44%
13 DBS Group Singapore Piyush Gupta CEO 0.41%
14 Taipei Fubon Commercial Bank Taiwan Daniel M. Tsa Chairman 0.27% - 0.44%
15 Macquarie Bank Australia Mary J Reemst Managing Director & CEO 0.28%
16 RHB Capital Malaysia Khairussaleh Ramli Group Managing Director 0.22%
17 ANZ Australia Michael Smith Former Chief Executive Officer 0.20%
18 Shengjing Bank China Zhang Yukun Executive Director & Chairman 0.17%
19 Entie Commercial Bank Taiwan Mark Zoltan Chiba Former Chairman 0.15%
20 Commonwealth Bank of Australia Australia Ian Narev Managing Director & CEO 0.14%



Top Inequality Creators

CEO remuneration / average staff expense

CEO Remuneration / Average Staff Expense Ranking Bank Country CEO Title CEO Remuneration / Average Staff Expense
1 Hong Leong Financial Group Malaysia Choong Yee How Former President & CEO 200.3
2 Public Bank Malaysia Tay Ah Lek Managing Director & CEO 154.5
3 OCBC Bank Singapore Samuel N. Tsien Group CEO 139.7
4 United Overseas Bank Singapore Wee Ee Cheong Deputy Chairman & CEO 111.8
5 ANZ Australia Michael Smith Former Chief Executive Officer 99.2
6 DBS Group Singapore Piyush Gupta CEO 91.1
7 Bank of East Asia Hong Kong David Li Kwok-Po Chairman & Chief Executive 71.6
8 Commonwealth Bank of Australia Australia Ian Narev Managing Director & CEO 65.7
9 YES BANK India Rana Kapoor Managing Director & CEO 65.5
10 CIMB Group Malaysia Tengku Zafrul Aziz Group Chief Executive Officer/Executive Director 52.7
11 Maybank Malaysia Abdul Farid Alias Group President & Chief Executive Officer 49.9
12 National Australia Bank Australia Andrew Thorburn Group CEO and Managing Director 49.5
13 Affin Bank Malaysia Zulkiflee Abbas Bin Abdul Hamid F Former Managing Director & CEO 48.5
14 Hang Seng Bank Hong Kong Rose Lee Wai Mun Vice Chairman and Chief Executive 45.0
15 Dah Sing Banking Group Hong Kong Harold Tsu-Hing Wong Managing Director & Chief Executive 40.7
16 Westpac Banking Corporation Australia Brian Hartzer Managing Director & CEO 39.8
17 RHB Capital Malaysia Khairussaleh Ramli Group Managing Director 35.5
18 Chong Hing Bank Hong Kong Leung Ko May Yee Margaret Deputy Chairman and Managing Directo 34.2
19 Bendigo and Adelaide Bank Australia Mike Hirst Managing Director & CEO 28.7
20 Taipei Fubon Commercial Bank Taiwan Daniel M. Tsai Chairman 17.9 - 29.9

Source: Asian Banker Research
Notes: Only bank CEOs and their equivalent have been surveyed. Bank CEOs who have stepped down from their positions or retired include Choong Yee How of Hong Leong Financial Group (Malaysia), Mark Zoltan Chiba of Entie Commercial Bank (Taiwan), Michael Smith of ANZ (Australia) and Zulkiflee Abbas Bin Abdul Hamid of Affin Bank (Malaysia)



Categories: Leadership
Keywords: Remuneration, Asia Pacific
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