Standard Chartered’s chief executive officer, Bill Winters, has reaffirmed the bank’s commitment to flexible working arrangements, resisting the growing trend of mandatory office returns in the financial sector.

Speaking to Bloomberg after the bank released its latest financial results, Winters said, “We work with adults, and we treat them as such. We do not need to mandate people back to the office.”

The London-based bank reported a 13 per cent rise in underlying profit before tax, reaching $2.1 billion in the second quarter of the year, compared to the same period last year. Revenue increased by 6 per cent to $4.6 billion, driven by growth in transaction banking and wealth management. Standard Chartered’s results exceeded market expectations and prompted the bank to maintain its full-year guidance, with projected income growth of up to 8 per cent and a return on tangible equity of 12 per cent.

Winters emphasised that the bank’s flexible approach has not hindered productivity or results. “Our results show that productivity remains high and we are delivering for shareholders,” he said. The company’s stance contrasts with several other major banks that have implemented stricter office attendance policies. Winters added, “We have found that giving colleagues flexibility leads to better outcomes.”

Standard Chartered’s capital position remains robust, with a common equity tier 1 ratio of 14.2 per cent. Winters noted, “Our capital position remains robust, and we are well placed to support our clients.” The bank also announced a $1 billion share buyback programme, reflecting confidence in its future prospects.

Despite the positive financial performance, Standard Chartered faces ongoing challenges, including global economic uncertainty and regulatory pressures. However, Winters remains optimistic about the bank’s ability to navigate these headwinds. “We continue to invest in technology and talent to ensure we remain competitive,” he said.

The bank’s approach to flexible working has attracted attention across the industry, with some observers suggesting it could become a model for others. As the debate over remote versus office-based work continues, Standard Chartered’s leadership is positioning the bank as an advocate of trust and autonomy.

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