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.