StanChart CEO Winters Points to U.S. and European Expansion

Standard Chartered Plc Chief Executive Officer Bill Winters wants the emerging markets-focused bank to do something counterintuitive: expand in the West.

Speaking at a Morgan Stanley conference this week, the former JPMorgan & Chase Co. executive said that Standard Chartered would increase its market share among U.S. and European companies.

Bill Winters

Photographer: Simon Dawson/Bloomberg

“Where we don’t have a strong market share to begin with, is with corporations that are based in Europe and the Americas,” said Winters. “They need our network as much as any multinational corporations on the planet.”

A little over 10% of the bank’s operating revenue came from ...