Bill Winters

William Thomas Winters, CBE (born September 1961) is an American banker who is the chief executive (CEO) of Standard Chartered, and was formerly co-head of JPMorgan Chase's investment bank.

Bill Winters
Born
William Thomas Winters

September 1961 (age 58)
NationalityAmerican
Alma materColgate University
University of Pennsylvania
OccupationBanker
TitleCEO, Standard Chartered
TermJune 2015-
PredecessorPeter Sands
Spouse(s)Anda Winters
Children2

Early life

William Thomas Winters was born in September 1961,[1] in Connecticut.[2] 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.[3] He has dual American and British nationality.[1]

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.[4][5] 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.[6][7]

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.[2]

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.[8]

Winters received a CBE in 2013.[9]

In February 2015, it was announced that Winters would replace Peter Sands as CEO of Standard Chartered in June 2015.[8] 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. [10]

References

  1. "Standard Chartered plc". Companies House. Retrieved 29 August 2015.
  2. Foley, Stephen (February 18, 2011). "The Business On... Bill Winters, Founder, Renshaw Bay". The Independent. Retrieved February 26, 2015.
  3. "Bill Winters". BNE Group. Archived from the original on September 30, 2010. Retrieved February 26, 2015.
  4. "JPMorgan dumps exec who kept it out of risky, complicated investments". 11 October 2009. Retrieved 5 June 2018.
  5. "Power shifts as departures clear the way at JPMorgan". 26 March 2014. Retrieved 5 June 2018.
  6. "Steve Black and the Intrigue at JPMorgan". 9 November 2010. Retrieved 5 June 2018.
  7. "Why Steve Black is leaving the house of Jamie Dimon". Retrieved 5 June 2018.
  8. Kollewe, Julia (February 26, 2015). "Bill Winters: banker not afraid to bare his chest takes reins at Standard Chartered". The Guardian. Retrieved February 26, 2015.
  9. "Bill Winters, CEO - Standard Chartered Bank". www.sc.com. Retrieved 5 June 2018.
  10. Withers, Iain (8 May 2019). "StanChart hit by investor protest over CEO pay". Reuters. Retrieved 24 June 2020.
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