"I Fired Them" - The Tough Calls Behind Standard Chartered's Turnaround
When Bill Winters took over Standard Chartered in 2015, the bank had lost its way.
His response was immediate — and tough.
“I fired them.”
In CNBC’s "Managing Asia," Winters explains how he dealt with what he calls “mercenaries” inside the bank, cutting costs, reshaping the culture and making difficult decisions to reset the business.
But he also admits he may have gone too far.
That early push helped lay the foundation for the turnaround that followed, with the bank rebuilding momentum and its share price over the years.
“You don’t get to rerun these things.”
Watch "Managing Asia with Christine Tan" on the link below to hear how Bill Winters made the calls that reshaped Standard Chartered — and what he learned along the way.
#CNBC #ManagingAsia #StandardChartered #BillWinters
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His response was immediate — and tough.
“I fired them.”
In CNBC’s "Managing Asia," Winters explains how he dealt with what he calls “mercenaries” inside the bank, cutting costs, reshaping the culture and making difficult decisions to reset the business.
But he also admits he may have gone too far.
That early push helped lay the foundation for the turnaround that followed, with the bank rebuilding momentum and its share price over the years.
“You don’t get to rerun these things.”
Watch "Managing Asia with Christine Tan" on the link below to hear how Bill Winters made the calls that reshaped Standard Chartered — and what he learned along the way.
#CNBC #ManagingAsia #StandardChartered #BillWinters
-----
Subscribe: @cnbci
CNBC International Live: @cnbcinternationalive
LinkedIn: https://www.linkedin.com/showcase/cnbc-international/
TikTok: https://www.tiktok.com/@cnbci
Facebook: https://www.facebook.com/cnbcinternational
Instagram: https://www.instagram.com/cnbcinternational/
Threads: https://www.threads.net/@cnbcinternational
X: https://twitter.com/CNBCi
Telegram: https://t.me/cnbci
WhatsApp: https://bit.ly/CNBCiWhatsApp
CNBC International
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