HK bankers earn more than city-state peers

Falling income: Singapore’s bustling central business district. The city-state’s senior bank directors took a 36% cut last year, the harshest falls in the Asia-Pacific region, according to a compensation report. — Bloomberg

SINGAPORE: Hong Kong bankers enjoyed higher base salaries and bonuses in 2023 compared with their peers in Singapore, some of whom suffered the harshest cuts in the Asia-Pacific.

In Hong Kong, the average bonus of a vice-president in a bank rose 60% to US$72,131 in 2023 from US$45,058 in 2022.