UOB chief Wee Ee Cheong’s pay up 12% to $15.9 million in 2023

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UOB chief Wee Ee Cheong’s pay up 12% to $15.9 million in 2023
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His annual remuneration comprises a base salary of $1.2 million, as well as a bonus of $14.7 million.

Mr Wee Ee Cheong's annual remuneration comprises a base salary of $1.2 million, as well as a bonus of $14.7 million.

His annual remuneration comprises a base salary of $1.2 million, unchanged from 2022, as well as a bonus of $14.7 million, benefits-in-kind and other transport-related benefits amounting to $39,700. The increase was smaller than the 30 per cent salary jump he had in 2022, when his pay of $14.2 million rose from $10.9 million the previous year., DBS said on March 6. This was a drop of 27 per cent from the $15.4 million he brought home in 2022.

Mr Wee said in his bank’s annual report that the global economy faced uncertainties and challenges in 2023, with economic activity moderating on the back of slower demand in Europe and China.

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