Winters pledges StanChart reform

Tim Wallace
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NEW chief executive Bill Winters wrote to staff at Standard Chartered yesterday saying they should brace themselves for “tough times ahead.”

Winters was recruited to replace Peter Sands, after a series of poor financial results put pressure on the bank’s share price.

Although he praised the institution as “fabulous,” Winters also said StanChart needs to “act decisively to get ourselves back on the right track.”

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