Standard Chartered CEO buys shares

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Standard Chartered CEO Bill Winters bought $1.5m of shares in the bank, a week after seeking $5.1bn from investors and unveiling his revised strategy for the Asia-focused firm.

Bloomberg News reports that Winters, 54, acquired 168,000 shares at 599 pence each, increasing the number he owns to 229,035, according to a statement on Friday.

He’ll also spend another 300,000 pounds buying shares in the rights offering, the company said. Chairman John Peace bought 295,600 pounds of stock and four other executives also purchased shares.

'Last week we outlined our strategy to create a lean, focused and strongly capitalized bank that is positioned for long-term and sustainable growth', Winters said in an e-mail. 'For me personally, I think this is a great investment and further aligns me with our shareholders'.

Hit the link below to access the complete Bloomberg article:

Standard Chartered CEO Winters Buys $1.5 Million of Bank Shares

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