Bill Winters


William Thomas Winters, CBE is an American banker who is the chief executive of Standard Chartered, and was formerly co-head of JPMorgan Chase's investment bank.

Early life

William Thomas Winters was born in September 1961, in Connecticut. He earned a bachelor's degree in international relations from Colgate University, followed by an MBA from the Wharton School at the University of Pennsylvania. He has dual American and British nationality.

Career

Winters was appointed co-head of JP Morgan's investment bank along with Steve Black in 2004; Winters was based in London while Black's office was in New York City. Winters earned much credit for helping the investment bank avoid "structured products and off-balance sheet vehicles that crippled global markets because they didn’t make financial sense", as well as his leadership in the acquisition of ailing rival investment bank Bear Stearns in March 2008. However, Winters was ousted from his position in 2009 amid reports that he wanted to succeed the CEO Jamie Dimon. Black was replaced by Jes Staley who was named the new CEO of the investment bank, although Black stayed on as chairman of that unit until his retirement in 2011.
In February 2011, Winters founded the hedge fund Renshaw Bay. He put up half the money, with investors Jacob Rothschild and Johann Rupert putting up the balance.
Winters participated in a charity video entitled "Life's a Pitch" alongside other senior financial managers, which was shown at the Young Vic theatre London in 2013 and raised £250,000.
Winters received a CBE in 2013.
In February 2015, it was announced that Winters would replace Peter Sands as CEO of Standard Chartered in June 2015. Since he joined Standard Chartered, the share price has fall over 60%. The unrealistic's executive pensions has attracted some investor criticism in 2019. Lastly, some 36 percent of votes cast at StanChart’s annual shareholder meeting in London were against its 2019 directors’ remuneration report.