Standard Chartered chief’s pay jumps 22% as lender reports profit bump

Bill Winters’ pay rises to £7.8m as bank says annual pre-tax profits rose by 19% in 2023 to £4bn

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Standard Chartered has handed its chief executive his largest pay package in nearly a decade as the lender reported a jump in profits, despite bracing for up to £1bn in potential losses due to China’s property downturn.

The profit bump helped push the longstanding chief executive Bill Winters’ pay up 22% to £7.8m – from £6.4m in 2022. It is the most he has been paid since 2015.