The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Standard Chartered: Out of the shadows?

StanChart is through the worst of its crisis, but nowhere near where it needs to get to

History will probably observe that 2017 was when Standard Chartered started to turn things around after several years of misery and misadventure. 

It is still a very hard slog. But more than two years on from Bill Winters’ appointment as chief executive in June 2015, the bank is making profits, improving asset quality, shedding bad businesses and strengthening its balance sheet. 

More than that, the bank has sought to completely change its culture, particularly in its most vital business, corporate and institutional banking. Led by Simon Cooper, its practices look increasingly like those of his old shop HSBC, and many of his key hires – notably Paul Skelton – also made their name at that bank. 

Mantras under Cooper include: velocity of the balance sheet; using the footprint; overhauling the coverage model; moving bankers away from a product-led approach towards relationship management; taking accountability for risk; and lending on its own is not enough. 




Bill Winters

Throughout its considerable travails, StanChart still had the advantage of a deeply entrenched network in high-growth emerging markets.



You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree