While Mr Wee's base salary remained steady at, his bonus witnessed a significant surge, climbing to S$14.69 million.
United Overseas Bank deputy chairman and CEO Wee Ee Cheong salary for FY2023 rose to S$15.9 million, marking a notable increase of nearly 12%.
Moreover, the perks Mr Wee receives, notably transport-related benefits, also experienced a slight uptick, rising from S$37,577 in 2022 to S$39,701 in 2023, including provisions such as a dedicated driver.In contrast, UOB’s Board of Directors Chairman, Wong Kan Seng, received S$1.37 million in directors’ fees for the previous year, as disclosed in the same annual report.
When factoring in the one-off costs associated with the integration of Citi, UOB’s net profit still exhibited a commendable growth, climbing by 25% year-on-year to S$5.71 billion, establishing another record high for the institution.
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