This comes as at DBS, ordinary dividends on unvested shares do not accrue to employees, its annual report shows. Get unlimited access to all stories at $0.99/month for the first 3 months. As part of board renewal, two non-executive directors will be stepping down as board members in March 2020, having been on the board for nine years or more. The Disclosure and Barring Service helps employers make safer recruitment decisions each year by processing and issuing DBS checks for England, Wales, the Channel Islands and the Isle of Man. "They will quite possibly be able to disrupt the market in interesting ways, and are not to be underestimated. The Board of Directors provides direction to management by setting the Group’s strategy and overseeing its implementation. This includes Gojek, Carousell, and credit underwriting partners like Experian, Perfios and Perfindo. 'This is going to be the main growth engine in this kind of an economic scenario.' hiring and salary trends. It ensures risks and rewards are appropriately balanced. 198402668E. These 80,000 shares excluded a further number of retention shares amounting to 16,000. DBS Group Holdings chief executive Piyush Gupta had his 2019 pay rise just about 2 per cent to S$12.13 million, the bank's latest annual report on Monday showed, with 2019 marking his 10th year at Singapore's largest bank. Stay updated with BT newsletters While our reach is global, we remain committed to providing our clients with local market insight. Sim is also presently Chairman of DBS Vickers Securities Holdings Pte Ltd. "With the Singapore banking market already well served by more than 200 players, the additional competition from five new digital banks is likely to be manageable.". DBS on Monday separately said that Mr Gupta has made a personal donation of S$500,000 to the Community Chest. DBS Denla British School Bangkok: ‘Nurturing Global Leaders’ Building upon 40 years of continuous success for Denla Schools, we are delighted to welcome you to experience our world-class, purpose built facilities and meet our founding teachers at Denla British School Bangkok. In the annual report, Mr Gupta said it is likely that the new digital banking entrants in Singapore "will be free from the burden of legacy, and have access to large resources". These were also in addition to the shares granted under the share plan that came up to S$6.27 million. Subscribe to t.me/BizTimes. Email us at btuserfeedback@sph.com.sg. Brian T. Moynihan. In 2017, Mr Gupta earned $10.3 million, up 23 per cent as South-east Asia's biggest bank saw wealth management income quadrupling while net profit increased 4 per cent to a record $4.39 billion. Out of his total remuneration, Mr Gupta saw increases in his cash bonus and share plan to $4.5 million and $6.1 million respectively, on top of salary of $1.2 million, unchanged from the previous year. DBS, a leading financial services group headquartered in Singapore, operates across 18 markets. Tell us what you think. All you need to know to start your day, right in your inbox. RESEND Read more at The Business Times. Wine and dine or plan your next holiday with BT’s weekend newsletter. [SINGAPORE] There were 19 new coronavirus cases confirmed at noon on Sunday (Dec 20), all of which were imported.... SINGAPORE Medical Group is in discussions with a third party regarding a possible transaction involving the company'... [BENGALURU] Netherlands will ban flights carrying passengers from the United Kingdom from Sunday as Britain detected... [MANILA] The Philippine peso is seen notching a third year of gains in 2021 as the sluggish economic recovery curbs... [WASHINGTON] The US Congress appeared poised to vote on Sunday on a US$900 billion coronavirus aid package after... © 2020 SINGAPORE PRESS HOLDINGS LTD. REGN NO. This estimate is based upon 16 DBS Bank Senior Vice President salary report(s "The onus for regulatory compliance will create challenges. Such instability in financial services may be unwise.". "While competitors are likely to drive price competition, it is a healthy sign that the regulators are unwilling to support predatory pricing. VERIFICATION EMAIL. R. Eugene Taylor. Hello, your email is unverified. But a log-in is still required for our PDFs. Salaries posted anonymously by DBS Bank employees. The remuneration for 2019 comprised a cash bonus of S$4.59 million, and shares worth S$6.27 million, and came on top of a base salary of S$1.2 million. In its annual report, DBS said it continues to see an increase in customer acquisition through digital channels. 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