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 17.58 years. total yearly compensation is SGD15.93M, comprised of 7.5% salary and 92.5% bonuses, including company stock and options. directly owns 2.88% of the company’s shares, worth SGD1.75B. The average tenure of the management team and the board of directors is 6 years and 4.1 years respectively.
Key information
Ee Cheong Wee
Chief executive officer
S$15.9m
Total compensation
| CEO salary percentage | 7.5% |
| CEO tenure | 17.6yrs |
| CEO ownership | 2.9% |
| Management average tenure | 6yrs |
| Board average tenure | 4.1yrs |
Recent management updates
Recent updates
United Overseas Bank's (SGX:U11) Dividend Will Be Increased To SGD0.88
Aug 04
United Overseas Bank (SGX:U11) Is Due To Pay A Dividend Of SGD0.85
Apr 20United Overseas Bank (SGX:U11) Will Pay A Dividend Of SGD0.85
Apr 01Do United Overseas Bank's (SGX:U11) Earnings Warrant Your Attention?
Mar 25United Overseas Bank's (SGX:U11) Dividend Will Be SGD0.85
Feb 26Should You Be Adding United Overseas Bank (SGX:U11) To Your Watchlist Today?
Dec 21United Overseas Bank's (SGX:U11) Shareholders Will Receive A Bigger Dividend Than Last Year
Aug 02With EPS Growth And More, United Overseas Bank (SGX:U11) Makes An Interesting Case
Jun 27United Overseas Bank's (SGX:U11) Shareholders Will Receive A Bigger Dividend Than Last Year
Apr 04Is Now The Time To Put United Overseas Bank (SGX:U11) On Your Watchlist?
Mar 23Here's Why We Think United Overseas Bank (SGX:U11) Might Deserve Your Attention Today
Nov 28United Overseas Bank (SGX:U11) Is Paying Out A Larger Dividend Than Last Year
Apr 20United Overseas Bank (SGX:U11) Will Pay A Larger Dividend Than Last Year At S$0.60
Apr 06United Overseas Bank (SGX:U11) Will Pay A Larger Dividend Than Last Year At S$0.60
Mar 23United Overseas Bank (SGX:U11) Has Announced That It Will Be Increasing Its Dividend To S$0.60
Mar 07United Overseas Bank's (SGX:U11) Upcoming Dividend Will Be Larger Than Last Year's
Feb 21Shareholders Will Probably Hold Off On Increasing United Overseas Bank Limited's (SGX:U11) CEO Compensation For The Time Being
Apr 24Shareholders Of United Overseas Bank (SGX:U11) Must Be Happy With Their 66% Return
Mar 10Is United Overseas Bank Limited (SGX:U11) An Attractive Dividend Stock?
Feb 04
What Kind Of Shareholders Hold The Majority In United Overseas Bank Limited's (SGX:U11) Shares?
Dec 29Shareholders Of United Overseas Bank (SGX:U11) Must Be Happy With Their 50% Return
Nov 25CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | S$6b |
| Jun 30 2024 | n/a | n/a | S$6b |
| Mar 31 2024 | n/a | n/a | S$6b |
| 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$4b |
| 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$3b |
Compensation vs Market: Ee Cheong's total compensation ($USD11.83M) is above average for companies of similar size in the SG market ($USD5.82M).
Compensation vs Earnings: Ee Cheong's compensation has been consistent with company performance over the past year.
CEO
Ee Cheong Wee (72 yo)
17.6yrs
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 |
|---|---|---|---|---|
| Deputy Chairman & CEO | 17.6yrs | S$15.93m | 2.88% SGD 1.7b | |
| Group Chief Financial Officer | 19.4yrs | no data | no data | |
| Head of Group Technology & Operations | less than a year | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Group Chief Risk Officer and Head of Group Governance | 12.2yrs | no data | no data | |
| Head of Group Human Resources | 6.8yrs | no data | no data | |
| Head of Group Retail | less than a year | no data | no data | |
| Head of Group International Management | no data | no data | no data | |
| Deputy Head of Group Governance | less than a year | no data | no data | |
| Head of Group Wholesale Banking & Markets | no data | no data | no data | |
| Head of Group Channels & Digitalisation | no data | no data | no data | |
| Head of Group Strategy and Transformation | 5.2yrs | no data | no data |
6.0yrs
Average Tenure
63yo
Average Age
Experienced Management: U11's management team is seasoned and experienced (6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Deputy Chairman & CEO | 34.8yrs | S$15.93m | 2.88% SGD 1.7b | |
| CEO & Executive Director of United Overseas Bank (Malaysia) Berhad | 2.8yrs | no data | no data | |
| Non-Executive Non-Independent Director | 6.3yrs | S$225.00k | 2.49% SGD 1.5b | |
| Non-Executive Non-Independent Director | 7.3yrs | S$225.00k | no data | |
| Independent Chairman of the Board | 7.3yrs | S$1.37m | 0.0039% SGD 2.4m | |
| Independent Non-Executive Director | 5.3yrs | S$400.00k | 0.00069% SGD 419.2k | |
| Independent Director | 4.1yrs | S$335.00k | 0.00056% SGD 340.3k | |
| Independent Director | 3.2yrs | S$315.00k | 0.00045% SGD 273.4k | |
| Independent Director | 2.9yrs | S$110.00k | 0.00014% SGD 85.1k | |
| Independent Non-Executive Director | 2.8yrs | S$250.00k | 0.00034% SGD 206.6k | |
| Independent Director | 1.8yrs | S$250.00k | 0.00015% SGD 91.1k |
4.1yrs
Average Tenure
64yo
Average Age
Experienced Board: U11's board of directors are considered experienced (4.1 years average tenure).