Standard Chartered: The evangelism of Peter Sands

Standard Chartered’s senior bankers admit there is something old fashioned about the way the bank does business. Even its CEO, Peter Sands, is a throwback – a banker mostly lauded rather than criticized for his performance. StanChart has consistently delivered a level of income and profit growth most of its peers can only dream of. Is its traditional approach a model for modern banking?

About a year ago some 700 of Standard Chartered’s most senior managers from businesses throughout the world gathered together in Singapore to attend one of the bank’s annual jamborees on strategy and development.

Many had flown in from each of the far-flung corners of the world where Standard Chartered does business to attend the event hosted by Peter Sands, group chief executive, and chairman Sir John Peace.

As far as bank jamborees go, there was nothing particularly different or new about this one.

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