$57 Billion Standard Chartered Bank CEO Bill Winters Issues Apology on Social Media Platform Linkedin & Provides Transcript for Better Understanding of Point Made, Faced Backlash after Comments on Using AI to Replace Lower-Value Human Capital, Announced to Cut 7,800 Back-Office Jobs by 2030 Representing 15% of 52,000 Back-Office Employees or 9.8% of 80,000 Total Employees
23rd May 2026 | Hong Kong
Standard Chartered Bank ($57 billion market value) CEO Bill Winters has issued an apology on social media platform Linkedin, and provides transcript for better understanding of the point he had made. Standard Chartered Bank CEO Bill Winters is facing backlash after comments on using AI (Artificial Intelligence) to replace lower-value human capital. In 2026 May, Standard Chartered Bank announced plan to cut around 7,800 back-office jobs by 2030, representing 15% of 52,000 back-office employees or 9.8% of 80,000 total employees. Standard Chartered Bank CEO Bill Winters Apology on Linkedin: (22/5/26) “ I have received a lot of support for the messages in my previous post but still get questions about my choice of words, which I know has caused upset to some colleagues. For that I am sorry. I am therefore showing below a verbatim transcript of what I actually said, which I hope allows for a better understanding of the important point I was raising. I think the transcript makes it clear that I value our colleagues – all of them – most highly and that we are totally committed to helping them to cope with the accelerating pace of change in our industry: For example, this new core banking system in Hong Kong, which is a major, major accomplishment. This is not an everyday thing. It happens once in 40 years. And when it goes wrong, it’s a disaster. It did not, it was practically perfect. That was a two and a half year programme, to get that right. The people that were gonna be affected, who were very important for helping us get to the right answer, knew that they were gonna be affected, and we began reskilling them at the earliest possibility. We’re not long on talent in the markets where we operate, because these markets are growing fast. So the people that want to reskill, that want to carry on, we’re giving every opportunity to reposition. And the people that say, yeah, you know, I’ve done my bit, I’m ready to do something else. I take a package at the end of, at the end of the migration of the application. So this isn’t, it’s not cost cutting. It’s replacing, in some cases, lower value, human capital, with the financial capital and the investment capital that we’re putting in. But almost always, with good clear notice going forward.” In 2026 May – For 2026 Q1, Standard Chartered Bank ($56 billion market value) reported $1.7 billion net profit in 2026 Q1, and Wealth Management with $443 billion AUM (Deposits $210 billion, Wealth $233 billion). Standard Chartered Bank current market value at $56 billion, share price +3% YTD, +71.1% last 12 months & +261.2% last 5 years. Pete Burrill, Standard Chartered Bank Interim Group CFO: “It’s been a strong start to 2026 for Standard Chartered, reflecting the continued success of our cross-border and affluent strategy. In Q1, we delivered record income of USD5.9 bn and profit before tax of USD2.5 bn. This was driven by double-digit growth in Global Banking, Global Markets flow income, and Wealth Solutions, alongside record Affluent net new money. As a result, we delivered a return on tangible equity of 17.4 per cent and a 31 per cent increase in earnings per share.”
“ $57 Billion Standard Chartered Bank CEO Bill Winters Issues Apology on Social Media Platform Linkedin & Provides Transcript for Better Understanding of Point Made, Faced Backlash after Comments on Using AI to Replace Lower-Value Human Capital, Announced to Cut 7,800 Back-Office Jobs by 2030 Representing 15% of 52,000 Back-Office Employees or 9.8% of 80,000 Total Employees “
![](https://www.caproasia.com/wp-content/uploads/2025/08/Air-Charter-Service-728x90-1.png")
$57 Billion Standard Chartered Bank CEO Bill Winters Faces Backlash after Comments on Using AI to Replace Lower-Value Human Capital, Announced to Cut 7,800 Back-Office Jobs by 2030 Representing 15% of 52,000 Back-Office Employees or 9.8% of 80,000 Total Employees
21st May 2026 | Hong Kong
Standard Chartered Bank CEO Bill Winters is facing backlash after comments on using AI (Artificial Intelligence) to replace lower-value human capital. In 2026 May, Standard Chartered Bank announced plan to cut around 7,800 back-office jobs by 2030, representing 15% of 52,000 back-office employees or 9.8% of 80,000 total employees. In 2026 May – For 2026 Q1, Standard Chartered Bank ($56 billion market value) reported $1.7 billion net profit in 2026 Q1, and Wealth Management with $443 billion AUM (Deposits $210 billion, Wealth $233 billion). Standard Chartered Bank current market value at $56 billion, share price +3% YTD, +71.1% last 12 months & +261.2% last 5 years. Pete Burrill, Standard Chartered Bank Interim Group CFO: “It’s been a strong start to 2026 for Standard Chartered, reflecting the continued success of our cross-border and affluent strategy. In Q1, we delivered record income of USD5.9 bn and profit before tax of USD2.5 bn. This was driven by double-digit growth in Global Banking, Global Markets flow income, and Wealth Solutions, alongside record Affluent net new money. As a result, we delivered a return on tangible equity of 17.4 per cent and a 31 per cent increase in earnings per share.”
“ $57 Billion Standard Chartered Bank CEO Bill Winters Faces Backlash after Comments on Using AI to Replace Lower-Value Human Capital, Announced to Cut 7,800 Back-Office Jobs by 2030 Representing 15% of 52,000 Back-Office Employees or 9.8% of 80,000 Total Employees “
$56 Billion Standard Chartered Bank to Cut 7,800 Back-Office Jobs by 2030 Representing 15% of 52,000 Back-Office Employees or 9.8% of 80,000 Total Employees
20th May – Standard Chartered Bank has announced plan to cut around 7,800 back-office jobs by 2030, representing 15% of 52,000 back-office employees or 9.8% of 80,000 total employees. In 2026 May – For 2026 Q1, Standard Chartered Bank ($56 billion market value) reported $1.7 billion net profit in 2026 Q1, and Wealth Management with $443 billion AUM (Deposits $210 billion, Wealth $233 billion). Standard Chartered Bank current market value at $56 billion, share price +3% YTD, +71.1% last 12 months & +261.2% last 5 years. Pete Burrill, Standard Chartered Bank Interim Group CFO: “It’s been a strong start to 2026 for Standard Chartered, reflecting the continued success of our cross-border and affluent strategy. In Q1, we delivered record income of USD5.9 bn and profit before tax of USD2.5 bn. This was driven by double-digit growth in Global Banking, Global Markets flow income, and Wealth Solutions, alongside record Affluent net new money. As a result, we delivered a return on tangible equity of 17.4 per cent and a 31 per cent increase in earnings per share.”
$56 Billion Standard Chartered Bank Reports $1.7 Billion Net Profit in 2026 Q1, Wealth Management with $443 Billion AUM (Deposits $210 Billion, Wealth $233 Billion), Current Market Value at $56 Billion, Share Price +3% YTD, +71.1% Last 12 Months & +261.2% Last 5 Years
4th May 2026 – Standard Chartered Bank ($56 billion market value) has reported $1.7 billion net profit in 2026 Q1, and Wealth Management with $443 billion AUM (Deposits $210 billion, Wealth $233 billion). Standard Chartered Bank current market value at $56 billion, share price +3% YTD, +71.1% last 12 months & +261.2% last 5 years. Pete Burrill, Standard Chartered Bank Interim Group CFO: “It’s been a strong start to 2026 for Standard Chartered, reflecting the continued success of our cross-border and affluent strategy. In Q1, we delivered record income of USD5.9 bn and profit before tax of USD2.5 bn. This was driven by double-digit growth in Global Banking, Global Markets flow income, and Wealth Solutions, alongside record Affluent net new money. As a result, we delivered a return on tangible equity of 17.4 per cent and a 31 per cent increase in earnings per share.”
Caproasia Users
- Manage $20 million to $30 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2026 Investment Day
- March - Hong Kong
- March - Singapore
- April - Hong Kong
- April - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
