United Overseas Bank Management

Management criteria checks 3/4

United Overseas Bank's CEO is Ee Cheong Wee, appointed in Apr 2007, has a tenure of 34.25 years. total yearly compensation is SGD15.93M, comprised of 7.5% salary and 92.5% bonuses, including company stock and options. directly owns 2.6% of the company’s shares, worth €909.31M. The average tenure of the management team and the board of directors is 8.9 years and 3.5 years respectively.

Key information

Ee Cheong Wee

Chief executive officer

S$15.9m

Total compensation

CEO salary percentage	7.5%
CEO tenure	17yrs
CEO ownership	2.6%
Management average tenure	8.9yrs
Board average tenure	3.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ee Cheong Wee's remuneration changed compared to United Overseas Bank's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	S$16m	S$1m	S$6b
Sep 30 2023	n/a	n/a	S$5b
Jun 30 2023	n/a	n/a	S$5b
Mar 31 2023	n/a	n/a	S$5b
Dec 31 2022	S$14m	S$1m	S$5b
Sep 30 2022	n/a	n/a	S$4b
Jun 30 2022	n/a	n/a	S$4b
Mar 31 2022	n/a	n/a	S$4b
Dec 31 2021	S$11m	S$1m	S$4b
Sep 30 2021	n/a	n/a	S$4b
Jun 30 2021	n/a	n/a	S$3b
Mar 31 2021	n/a	n/a	S$3b
Dec 31 2020	S$10m	S$1m	S$3b
Sep 30 2020	n/a	n/a	S$3b
Jun 30 2020	n/a	n/a	S$4b
Mar 31 2020	n/a	n/a	S$4b
Dec 31 2019	S$11m	S$1m	S$4b
Sep 30 2019	n/a	n/a	S$4b
Jun 30 2019	n/a	n/a	S$4b
Mar 31 2019	n/a	n/a	S$4b
Dec 31 2018	S$11m	S$1m	S$4b
Sep 30 2018	n/a	n/a	S$4b
Jun 30 2018	n/a	n/a	S$4b
Mar 31 2018	n/a	n/a	S$3b
Dec 31 2017	S$9m	S$1m	S$3b

Compensation vs Market: Ee Cheong's total compensation ($USD11.69M) is above average for companies of similar size in the German market ($USD5.66M).

Compensation vs Earnings: Ee Cheong's compensation has been consistent with company performance over the past year.

CEO

Ee Cheong Wee (71 yo)

17yrs

Tenure

S$15,929,701

Compensation

Mr. Ee Cheong Wee, B.Sc. (Bus Admin), M.A. (Applied Econs), has been the Chief Executive Officer of United Overseas Bank Limited since April 27, 2007. Mr. Wee has been the Chief Executive Officer of Far Ea...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ee Cheong Wee	Deputy Chairman & CEO	17yrs	S$15.93m	2.6% SGD 909.3m
Wai Fai Lee	Group Chief Financial Officer	18.8yrs	no data	no data
Wai Cheng Hwee	Head of Group Technology & Operations	no data	no data	no data
Shih Tung Lin	Head of Investor Relations	no data	no data	no data
Kok Chan	Group Chief Risk Officer and Head of Group Governance	11.6yrs	no data	no data
Chee Kion Tong	Head of Group Human Resources	6.3yrs	no data	no data
Boo Jin Khoo	Head of Group Retail	no data	no data	no data
Chwee Yan Wong Wah	Head of Group International Management	no data	no data	no data
Voon Fat Chin	Head of Group Wholesale Banking & Markets	no data	no data	no data
Yoke Mun Young	Head of Group Channels & Digitalisation	no data	no data	no data
Federico Burgoni	Head of Group Strategy and Transformation	4.6yrs	no data	no data
Jin Huei Lim	Group Chief Sustainability Officer	3yrs	no data	no data

8.9yrs

Average Tenure

62yo

Average Age

Experienced Management: UOB's management team is seasoned and experienced (8.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ee Cheong Wee	Deputy Chairman & CEO	34.3yrs	S$15.93m	2.6% SGD 909.3m
Wei Ng	CEO & Executive Director of United Overseas Bank (Malaysia) Berhad	2.3yrs	no data	no data
Ee Lim Wee	Non-Executive & Non-Independent Director	5.8yrs	S$225.00k	2.49% SGD 868.7m
Jown Leam Lien	Non-Executive & Non-Independent Director	6.8yrs	S$225.00k	no data
Kan Seng Wong	Independent Chairman of the Board	6.8yrs	S$1.37m	0.0031% SGD 1.1m
Swee Kim Phan	Independent Non-Executive Director	4.8yrs	S$400.00k	0.00045% SGD 157.3k
Tai-Tee Chia	Independent Director	3.5yrs	S$335.00k	0.00035% SGD 122.3k
Kim Hong Woon	Independent Director	2.6yrs	S$315.00k	0.00026% SGD 90.9k
Ba Thanh Dinh	Independent Director	2.3yrs	S$110.00k	0.000080% SGD 28.0k
Lay Lim Teo	Independent Non-Executive Director	2.3yrs	S$250.00k	0.00019% SGD 66.4k
Chong Tee Ong	Independent Director	1.3yrs	S$250.00k	no data

3.5yrs

Average Tenure

63yo

Average Age

Experienced Board: UOB's board of directors are considered experienced (3.5 years average tenure).

United Overseas Bank Management

Management criteria checks 3/4

Key information

Recent management updates

United Overseas Bank Limited, Annual General Meeting, Apr 18, 2024

Deputy Chairman & CEO recently bought €2.0m worth of stock

High number of new directors

Deputy Chairman & CEO recently bought €2.1m worth of stock

United Overseas Bank Limited, Annual General Meeting, Apr 21, 2023

United Overseas Bank Limited Appoints Ong Chong Tee as Independent Director, Executive Committee Member and Board Risk Management Committee Member, Effective January 1, 2023

Recent updates

Upcoming dividend of S$0.85 per share

United Overseas Bank Limited, Annual General Meeting, Apr 18, 2024

Deputy Chairman & CEO recently bought €2.0m worth of stock

Final dividend of S$0.85 announced

Full year 2023 earnings released: EPS: S$3.34 (vs S$2.69 in FY 2022)

United Overseas Bank Limited to Report Q2, 2024 Results on Aug 01, 2024

United Overseas Bank Limited to Report Q4, 2023 Results on Feb 22, 2024

High number of new directors

Second quarter 2023 earnings released

United Overseas Bank Limited Approves Final One-Tier Tax-Exempt Dividend for Financial Year 2022

Upcoming dividend of S$0.75 per share at 5.0% yield

Deputy Chairman & CEO recently bought €2.1m worth of stock

Full year 2022 earnings released: EPS: S$2.69 (vs S$2.39 in FY 2021)

United Overseas Bank Limited, Annual General Meeting, Apr 21, 2023

United Overseas Bank Limited to Report Fiscal Year 2022 Results on Feb 23, 2023

United Overseas Bank Limited Appoints Ong Chong Tee as Independent Director, Executive Committee Member and Board Risk Management Committee Member, Effective January 1, 2023

High number of new directors

Deputy Chairman & CEO recently bought €960k worth of stock

United Overseas Bank Limited Announces Board Changes

United Overseas Bank Limited Announces Demise of Mr. Alvin Yeo Khirn Hai, Independent Director

Upcoming dividend of S$0.60 per share

Second quarter 2022 earnings released: EPS: S$0.66 (vs S$0.60 in 2Q 2021)

United Overseas Bank Limited Approves Final One-Tier Tax-Exempt Dividend for the Year Ended 31 December 2021

High number of new directors

Upcoming dividend of S$0.60 per share

Independent Chairman of the Board recently bought €171k worth of stock

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

United Overseas Bank Limited Recommends Payment of Final Tax-Exempt Dividend for the Financial Year Ended December 31, 2021, Payable on May 13, 2022

High number of new directors

Third quarter 2021 earnings released: EPS S$2.46 (vs S$1.55 in 3Q 2020)

Non-Executive Independent Director Cher Siang Koh has left the company

Upcoming dividend of S$0.60 per share

Second quarter 2021 earnings released

Kasikornbank Weighs Bid for Citigroup’s Thai Retail Business

UOB to Look At Citigroup’s Assets

United Overseas Bank Limited and American Express to Launch the UOB Absolute Cashback American Express Card®

Upcoming dividend of S$0.39 per share

Full year 2020 earnings released: EPS S$1.69 (vs S$2.55 in FY 2019)

Full year 2020 earnings released

New 90-day high: €15.00

New 90-day high: €14.70

United Overseas Bank Limited Appoints Chia Tai Tee as an Independent Director, a Member of its Audit Committee and Board Risk Management Committee

Revenue misses expectations

Third quarter 2020 earnings released: EPS S$0.40

New 90-day high: €13.10

United Overseas Bank Limited to Report First Half, 2021 Results on Aug 11, 2021

United Overseas Bank Limited Announces Changes to Board and Board Committees

New 90-day low: €11.70

Earnings released

New 90-day low - €11.80

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age