- Joined
- Jul 16, 2008
- Messages
- 29,185
- Points
- 113
-
IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here. The OTHER forum is HERE so please stop asking.
DBS CEO Tan Su Shan receives over S$9.6 million in remuneration for FY2025: DBS annual report
- Thread starter UltimaOnline
- Start date
- Joined
- Jan 22, 2014
- Messages
- 9,389
- Points
- 113
Tiagong , little birds at MBFC are busy today ,
.
The MBFC "Whisper" Report
In the elevators of Marina Bay Financial Centre (MBFC), the talk isn't about the interest rates—it's about the "CEO Discount."
The DBS Headline
The official word is out: DBS CEO Tan Su Shan received S$9.6 million for FY2025.
While that’s a massive number for most, the gossip mill is calling it "modest" for a CEO of Southeast Asia's largest bank.
The Street Comparison
The real "tea" being spilled over lunch at LeVeL33 is how this stacks up against the "Blue Chip" bankers at Goldman Sachs and JP Morgan:
* The "Age Gap" Gossip: Rumor has it that high-performing Managing Directors (MDs) and Partners in their late 30s and 40s at these US firms are regularly taking home S$10 million to S$15 million.
* The "Local vs. Global" Ceiling: The chatter suggests that while Su Shan is the face of a regional giant, she’s being out-earned by mid-to-senior "engine room" bankers at the US bulge brackets who don't carry half the public responsibility she does.
Fact-Checking the "Grapevine"
Is the gossip grounded in reality?
Let’s look at the numbers for 2025/2026:
| Role | Estimated FY2025 Pay | The Context |
|---|---|---|
| Tan Su Shan (DBS CEO) | S$9.6 Million | Covers her first 9 months as CEO + time as Deputy CEO. |
| Piyush Gupta (Ex-DBS CEO) | S$17.6 Million (FY2024) | This sets the benchmark Su Shan is expected to hit eventually. |
| Top MDs (GS / JPM) | S10M - S$12M+ | High-tier Partners/MDs at US firms in Singapore often have "Global" pay scales, not local ones. |
Why the difference?
* The "Retail" vs. "Investment" Model: DBS is a commercial bank with a huge retail footprint. Goldman and JPM are heavy on investment banking and proprietary trading, where the "bonus pool" is more aggressive.
* Equity & Deferrals: A huge chunk of Su Shan’s S$9.6M is in deferred shares (S$4.9M). In contrast, US bankers often negotiate higher immediate cash-to-equity ratios during "boom" years.
The "Final Word" Gossip
"Basically, the consensus along the Marina Bay waterfront is that Su Shan is 'doing it for the country' right now.
If she were running a desk at a global shop with those results, she’d be looking at a S$20M payday. For now, the MBFC crowd sees her package as a 'starter CEO' rate."
.
The MBFC "Whisper" Report
In the elevators of Marina Bay Financial Centre (MBFC), the talk isn't about the interest rates—it's about the "CEO Discount."
The DBS Headline
The official word is out: DBS CEO Tan Su Shan received S$9.6 million for FY2025.
While that’s a massive number for most, the gossip mill is calling it "modest" for a CEO of Southeast Asia's largest bank.
The Street Comparison
The real "tea" being spilled over lunch at LeVeL33 is how this stacks up against the "Blue Chip" bankers at Goldman Sachs and JP Morgan:
* The "Age Gap" Gossip: Rumor has it that high-performing Managing Directors (MDs) and Partners in their late 30s and 40s at these US firms are regularly taking home S$10 million to S$15 million.
* The "Local vs. Global" Ceiling: The chatter suggests that while Su Shan is the face of a regional giant, she’s being out-earned by mid-to-senior "engine room" bankers at the US bulge brackets who don't carry half the public responsibility she does.
Fact-Checking the "Grapevine"
Is the gossip grounded in reality?
Let’s look at the numbers for 2025/2026:
| Role | Estimated FY2025 Pay | The Context |
|---|---|---|
| Tan Su Shan (DBS CEO) | S$9.6 Million | Covers her first 9 months as CEO + time as Deputy CEO. |
| Piyush Gupta (Ex-DBS CEO) | S$17.6 Million (FY2024) | This sets the benchmark Su Shan is expected to hit eventually. |
| Top MDs (GS / JPM) | S10M - S$12M+ | High-tier Partners/MDs at US firms in Singapore often have "Global" pay scales, not local ones. |
Why the difference?
* The "Retail" vs. "Investment" Model: DBS is a commercial bank with a huge retail footprint. Goldman and JPM are heavy on investment banking and proprietary trading, where the "bonus pool" is more aggressive.
* Equity & Deferrals: A huge chunk of Su Shan’s S$9.6M is in deferred shares (S$4.9M). In contrast, US bankers often negotiate higher immediate cash-to-equity ratios during "boom" years.
The "Final Word" Gossip
"Basically, the consensus along the Marina Bay waterfront is that Su Shan is 'doing it for the country' right now.
If she were running a desk at a global shop with those results, she’d be looking at a S$20M payday. For now, the MBFC crowd sees her package as a 'starter CEO' rate."
Last edited:
