HONG KONG, 19 May 2026 – Standard Chartered is accelerating its use of artificial intelligence and automation as part of a wider plan to lift profitability, reduce corporate-function roles and redirect investment toward higher-return areas of the bank.
Chief Executive Bill Winters said the shift should not be viewed simply as cost-cutting, but as a reallocation of resources from lower-value human capital into financial and investment capital. The comments came as the London-headquartered, Asia-focused bank outlined new medium-term targets at an investor event in Hong Kong. Standard Chartered said the event would cover its strategic priorities, growth initiatives and medium-term financial framework.
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