https://www-scmp-com.libproxy1.nus.edu.sg/rss/522069/feed The latest news and top stories on Bill Winters. A distinguished banker, he has led Standard Chartered as Group Chief Executive since 2015. His tenure includes significant investment in wealth management and a strategic partnership with Alibaba Group, providing tailored banking services for their global expansion and accelerating AI adoption in finance. Previously, he was Co-Chief Executive of JP Morgan’s investment bank and founded Renshaw Bay. Winters is also a key figure in climate finance,... en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www-scmp-com.libproxy1.nus.edu.sg Enoch Yiu Enoch Yiu Standard Chartered shares rose 3.9 per cent to HK$231.40 on Wednesday after the bank announced strong first-half results and a US$1 billion share buy-back programme. The London-headquartered lender reported a 10 per cent rise in its first-half profit as strong wealth management gains were offset by an impairment charge tied to the Middle East conflict. The US$1 billion share buy-back will start immediately, according to a stock exchange filing on Wednesday. Net profit climbed 10 per cent in the... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3362209/standard-chartered-posts-10-rise-first-half-profit-launches-us1b-buy-back?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3362209/standard-chartered-posts-10-rise-first-half-profit-launches-us1b-buy-back?utm_source=rss_feed Wed, 29 Jul 2026 04:28:12 +0000 Themis Qi Themis Qi Both regulators and clients could motivate banks to adopt artificial intelligence for greater efficiency gains in the coming years, an Amazon Web Services (AWS) executive has predicted, adding the trend could intensify the global race to embrace the cutting-edge technology. Over the past few months, multinational banks have approached AWS about how to grow their business in innovative ways, said Shaown Nandi, vice-president of technology at the US cloud computing giant, in an interview with the... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3358158/banks-are-rushing-recruit-ai-leadership-how-will-tech-be-implemented?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3358158/banks-are-rushing-recruit-ai-leadership-how-will-tech-be-implemented?utm_source=rss_feed Wed, 24 Jun 2026 05:07:34 +0000 Kolette Lim Kolette Lim While a wave of job cuts across Asia’s finance and other industries due to wider use of artificial intelligence has spurred concerns, a new study shows that the technology’s net impact on employment is not as clear-cut. Recruiters and industry observers say many companies are adding AI-related roles without having to lay off workers. A study by professional services firm Aon released on Wednesday shows that 74 per cent of 504 companies surveyed across industries in the Asia-Pacific region have... https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/economics/article/3356163/most-asia-pacific-firms-use-ai-tasks-without-cutting-jobs-survey?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/economics/article/3356163/most-asia-pacific-firms-use-ai-tasks-without-cutting-jobs-survey?utm_source=rss_feed Fri, 05 Jun 2026 14:16:15 +0000 Enoch Yiu Enoch Yiu Standard Chartered global CEO Bill Winters on Friday said he was “sorry” for comments describing “lower-value” workers, made while announcing job-cut plans earlier this week. Winters apologised in a LinkedIn post as he tried to cool debate among upset employees after he announced on Tuesday a 15 per cent cut of back-office staff at the lender by 2030. Winters said that AI adoption would replace some “lower-value human capital”. The CEO first made a LinkedIn post explaining his comments from... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3354558/i-am-sorry-standard-chartered-ceo-bill-winters-apologises-comments-over-job-cuts?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3354558/i-am-sorry-standard-chartered-ceo-bill-winters-apologises-comments-over-job-cuts?utm_source=rss_feed Fri, 22 May 2026 11:09:56 +0000 Jean Iau Jean Iau Singapore’s push to prepare workers for artificial intelligence is facing a stern test after Meta and Standard Chartered announced lay-offs this week, fuelling debate over how far AI is already reshaping jobs in the city state. The cuts have made one question more urgent for Singapore: can its goal to train workers to take on new or redesigned roles keep pace with increased use of AI and automation by companies as they reduce headcounts? Meta employees in Singapore reportedly began receiving... https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/economics/article/3354274/singapore-ai-job-cuts-debate-flares-over-lower-value-human-capital-remark?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/economics/article/3354274/singapore-ai-job-cuts-debate-flares-over-lower-value-human-capital-remark?utm_source=rss_feed Wed, 20 May 2026 13:21:33 +0000 Enoch Yiu Enoch Yiu The head of HSBC, Hong Kong’s biggest lender, said artificial intelligence will both destroy and create certain jobs in the financial industry, but emphasised the bank will focus on retraining its workforce to adapt to the new and evolving environment in the sector. “We all know generative AI will destroy certain jobs and will create new jobs,” CEO Georges Elhedery said at an investor event in Hong Kong on Wednesday. HSBC’s AI adoption pledge plan was announced a day after its rival, Standard... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3354204/hsbcs-ceo-says-ai-will-both-create-and-destroy-financial-industry-jobs?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3354204/hsbcs-ceo-says-ai-will-both-create-and-destroy-financial-industry-jobs?utm_source=rss_feed Wed, 20 May 2026 06:57:45 +0000 Enoch Yiu Enoch Yiu Standard Chartered has raised its 2030 earnings target to 18 per cent by expanding wealth, cross-border banking and digital businesses, with Hong Kong at the centre of its growth story, according to global CEO Bill Winters. Investors welcomed the plan, sending the bank’s shares up as much as 4.4 per cent to HK$205.20 in early afternoon trade on Tuesday, before closing 2.3 per cent higher at HK$201.20. The stock outperformed the benchmark Hang Seng Index, which rose 0.5 per cent. The... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3354063/standard-chartered-lifts-2030-earnings-target-18-hong-kong-core-ceo-winters?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3354063/standard-chartered-lifts-2030-earnings-target-18-hong-kong-core-ceo-winters?utm_source=rss_feed Tue, 19 May 2026 06:08:20 +0000 Enoch Yiu Enoch Yiu Standard Chartered’s first-quarter profit rose 19 per cent as it achieved strong wealth-management performance, which was offset by lower interest rates and rising bad debt provisions due to the Middle East conflicts. Net profit increased 19 per cent year on year in the first three months of 2026 to US$1.9 billion, or 74.2 US cents per share, from US$1.59 billion a year earlier, the bank said on Thursday. The result was better than analysts’ estimates of US$1.33 billion. The bank’s pre-tax... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3351966/stanchart-profit-rises-19-wealth-management-offsets-lower-rates-and-rising-bad-loans?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3351966/stanchart-profit-rises-19-wealth-management-offsets-lower-rates-and-rising-bad-loans?utm_source=rss_feed Thu, 30 Apr 2026 06:35:33 +0000 Enoch Yiu Enoch Yiu Standard Chartered Bank, one of Hong Kong’s three note-issuing banks, reported a 16 per cent profit jump for 2025, as strong wealth management growth helped it weather rising bad debt from the city’s commercial real estate slump. The London-based bank, which generates much of its revenue from Asia, reported an underlying pre-tax profit of US$7.9 billion last year, compared with US$6.8 billion in 2024, according to a stock exchange filing on Tuesday. This matched analysts’ estimate of US$7.9... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3344411/standard-chartereds-2025-profit-jumps-16-buoyed-robust-wealth-management-growth?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3344411/standard-chartereds-2025-profit-jumps-16-buoyed-robust-wealth-management-growth?utm_source=rss_feed Tue, 24 Feb 2026 04:47:55 +0000 Kandy Wong,Enoch Yiu Kandy Wong,Enoch Yiu China and the United Kingdom are expected to sign more business deals as the British delegation, which comprises 54 companies, heads to Shanghai from Beijing as part of Keir Starmer’s visit, the first by a UK prime minister since 2018. The UK delegation will attend a reception in Shanghai on Friday evening, according to Peter Burnett, chief executive of the China-Britain Business Council. A business forum will be held, followed by lunch on Saturday before the group departs the country. “I think... https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3341866/uk-pm-starmer-leaves-china-what-did-he-achieve-and-what-next-sino-british-ties?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3341866/uk-pm-starmer-leaves-china-what-did-he-achieve-and-what-next-sino-british-ties?utm_source=rss_feed Fri, 30 Jan 2026 12:02:36 +0000 Enoch Yiu Enoch Yiu When Alvin Kwock, co-founder of digital insurer OneDegree, took part in the inaugural Hong Kong FinTech Week in November 2016, it was held at a venue suitable for only a few hundred people. “As it was the first ever fintech event in Hong Kong, only fintech start-ups were interested, no big financial institutions paid attention,” Kwock said. “People did not have a clear idea of fintech as it was still in an exploratory stage.” In the years since, fintech in Hong Kong has gone through a sea... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3334469/work-progress-hong-kong-reaps-fruits-fintech-seeds-sown-nearly-10-years-ago?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3334469/work-progress-hong-kong-reaps-fruits-fintech-seeds-sown-nearly-10-years-ago?utm_source=rss_feed Sat, 29 Nov 2025 02:00:10 +0000 Aileen Chuang Aileen Chuang Standard Chartered is positioning Hong Kong as the centre of its digital finance ambitions as it seeks higher returns and prepares for a blockchain-driven future, according to CEO Bill Winters. In a recent interview in Hong Kong, Winters highlighted the city’s pioneering regulatory framework, which he said fostered experimentation with blockchain technology – an innovation that could add value to the financial sector. Winters praised the Hong Kong Monetary Authority (HKMA) for its various pilot... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3331949/standard-chartered-ceo-hong-kong-central-banks-digital-finance-strategy?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3331949/standard-chartered-ceo-hong-kong-central-banks-digital-finance-strategy?utm_source=rss_feed Mon, 10 Nov 2025 00:30:10 +0000 Aileen Chuang Aileen Chuang Ultra-high-net-worth (UHNW) families are putting greater focus on legacy planning to create sustainable impact for future generations amid growing uncertainty and vast fortunes shifting to younger heirs, according to participants in a Standard Chartered event in Dubai focused on family offices. The emphasis among such families was changing from wealth preservation towards a strategic repositioning of family-office locations, governance structures, succession planning and decision-making,... https://www-scmp-com.libproxy1.nus.edu.sg/business/money/wealth/article/3330897/ultra-rich-families-focus-driving-impact-across-generations-legacy-planning?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/money/wealth/article/3330897/ultra-rich-families-focus-driving-impact-across-generations-legacy-planning?utm_source=rss_feed Thu, 30 Oct 2025 08:58:55 +0000 Enoch Yiu Enoch Yiu Standard Chartered’s third-quarter net profit rose 10 per cent, as strong growth in cross-border trade loans and wealth management buffered one of Hong Kong’s three note-issuing banks from the city’s commercial property slump and helped it beat analysts’ estimates. Net profit increased to US$1.03 billion, or 44.5 US cents per share, in the quarter that ended in September, the London-based bank said in a filing to the Hong Kong stock exchange on Thursday. The result, based on global accounting... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3330866/standard-chartereds-q3-profit-rises-beats-estimates-trade-loans-wealth-management?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3330866/standard-chartereds-q3-profit-rises-beats-estimates-trade-loans-wealth-management?utm_source=rss_feed Thu, 30 Oct 2025 06:21:40 +0000 Julie Zhang Julie Zhang Hong Kong FinTech Week 2025 in November aims to be an all-in-one marketplace for global cutting-edge technologies, with international buyers from areas including the Middle East and Global South coming to the city to shop for opportunities, according to senior InvestHK officials. Last year’s event was almost like a “study trip” for some delegations, according to King Leung, global head of financial services, fintech and sustainability at the government agency, which is responsible for attracting... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3329286/hong-kong-fintech-week-expects-investment-action-serious-buyers-investhk-says?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3329286/hong-kong-fintech-week-expects-investment-action-serious-buyers-investhk-says?utm_source=rss_feed Fri, 17 Oct 2025 01:30:16 +0000 Aileen Chuang Aileen Chuang Standard Chartered has advised more than 2.5 million of its affluent clients to diversify their portfolios and stick to core investment principles as fresh capital pours into bullish markets. A risk-on mentality over the summer benefited some wealthy clients, but market corrections could lie ahead, said Judy Hsu, the bank’s CEO of wealth and retail banking, in an interview last week. “In July and August, we [saw] more clients across the board deploying more cash into investment products and they... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3324488/standard-chartered-wealth-and-retail-head-urges-diversification-amid-correction-risks?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3324488/standard-chartered-wealth-and-retail-head-urges-diversification-amid-correction-risks?utm_source=rss_feed Mon, 08 Sep 2025 00:30:08 +0000 Enoch Yiu Enoch Yiu Standard Chartered, one of Hong Kong’s three note-issuing banks, on Wednesday launched a digital platform that allows investments in fund products with as little as HK$100 (US$12.80), hoping to turn depositors into investors. SC Invest would allow investors to choose from four fund products via their mobile phones or desktop computers, according to Alson Ho Man-chun, head of wealth solutions at Standard Chartered Hong Kong. “We have seen that many of our depositors have stable income and are... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3321576/standard-chartered-aims-convert-depositors-investors-digital-platform?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3321576/standard-chartered-aims-convert-depositors-investors-digital-platform?utm_source=rss_feed Wed, 13 Aug 2025 00:30:08 +0000 Enoch Yiu Enoch Yiu Standard Chartered, one of Hong Kong’s three note-issuing banks, will this month launch a digital platform for tech-savvy young investors as part of the lender’s effort to attract affluent customers, according to its Hong Kong chief. The platform would allow investors to carry out investment research and trade a range of products such as stocks, funds and other alternative assets, Mary Huen Wai-yi, the bank’s CEO of Hong Kong, Greater China and North Asia, said in a media briefing on... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3320534/standard-chartered-launch-digital-platform-aimed-tech-savvy-young-investors?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3320534/standard-chartered-launch-digital-platform-aimed-tech-savvy-young-investors?utm_source=rss_feed Mon, 04 Aug 2025 00:30:11 +0000 Ann Cao Ann Cao Alibaba Group Holding and Standard Chartered have entered a deal in which the Chinese technology giant’s artificial intelligence systems would be deployed across the operations of the British multinational bank. The two companies signed a memorandum of understanding that would see Standard Chartered leverage solutions from Alibaba Cloud – the Hangzhou-based firm’s AI and cloud computing services arm – to enhance operational efficiency and elevate customer experience, according to a statement on... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3320031/alibaba-standard-chartered-partner-accelerate-ai-adoption-banking-sector?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3320031/alibaba-standard-chartered-partner-accelerate-ai-adoption-banking-sector?utm_source=rss_feed Tue, 29 Jul 2025 13:30:11 +0000