StanChart Revamps Pay Policy
The overall compensation of Standard Chartered’s CEO increased significantly in 2024 and could rise even higher in 2025 under a revamped policy.
Standard Chartered CEO Bill Winter’s total pay package in 2024 rose 46 percent year-on-year to nearly 10.7 million British pounds ($13.6 million), according to the bank’s annual report. This includes a long-term incentive plan of 6.1 million pounds alongside an annual incentive of 1.5 million pounds and salary and pension benefits of 3.1 million pounds.
Winters, who is serving in his tenth year as the British lender’s CEO, could receive even higher compensation in 2025. Standard Chartered is seeking shareholder approval for a new three-year remuneration policy after UK rules removed a cap to bankers’ bonuses in 2023. Under the new plan, Winters’ pay could grow another 23 percent to 13.1 million pounds if he meets all his targets.
«The new policy represents the most significant change for many years,» the bank said. «The removal of the regulatory cap on variable pay for banks gives us the opportunity to rebalance total remuneration from fixed pay towards performance-linked variable remuneration, incentivizing outperformance and reinforcing the alignment between executive director reward and shareholder experience.»
