Standard Chartered CEO says this is the reason he won't make staff return to the office

"We work with adults, and the adults can have an adult conversation with other adults and decide how they're going to best manage their team," Bill Winters, the CEO of Standard Chartered, said of remote working.Halil Sagirkaya/Anadolu via Getty ImagesStandard Chartered CEO Bill Winters says he lets his teams set their own in-office schedules."It's working for us," Winters said.Wall Street remains split on hybrid working. JPMorgan CEO Jamie Dimon has long opposed the practice.Standard Chartered CEO Bill Winters says he will let his staff decide whether to return to the office."We work with adults, and the adults can have an adult conversation with other adults and decide how they're going to best manage their team," Winters said in an interview with Bloomberg on Thursday."It's working for us," Winters said. "How other companies make that work? Everybody's got their own recipe."Winters told Bloomberg that he practices hybrid working and tries to be in the office four days a week."Our MDs want to come to the office. They come to the office because they collaborate. They manage their people. They lead teams. But if they need the flexibility, they can get it from us," Winters said.Standard Chartered did not respond to a request for comment from Business Insider.Wall Street remains divided about remote and hybrid work. In June, Citi announced it was giving its hybrid employees two weeks of remote work in August. Most of those workers are required to be in the office at least three days a week.Sara Wechter, Citi's chief human resources officer, said in a memo to employees on June 9 that the bank's "hybrid work model helps us attract and retain top talent and sets us apart from other companies."Goldman Sachs CEO David Solomon and JPMorgan CEO Jamie Dimon, on the other hand, have long opposed remote work. Both CEOs have publicly said that their banks function better when staff work in the office."This is not ideal for us and it's not a new normal," Solomon said at a conference organized by Credit Suisse back in 2021."It's an aberration that we are going to correct as quickly as possible," he continued, adding that he didn't want to see "another class of young people arriving at Goldman Sachs in the summer remotely."Dimon wrote in his 2024 annual shareholder letter that JPMorgan had "allowed some bad habits to develop" in the last five years."Working from home exacerbated the situation by hindering innovation, slowing decision-making, inhibiting information sharing, reducing efficiency, and creating more politics and bureaucracy," Dimon said in his letter.In January, JPMorgan said in a memo to employees that it was "asking most employees currently on a hybrid schedule to return to the office five days a week." "I'm not against work from home. I'm against work from home that doesn't work," Dimon said in an interview with Bloomberg in May."It's an apprenticeship system and you can't learn working from your basement," he added.Read the original article on Business Insider

Comments

Business News

Lenders do not owe millions compensation over car finance, Supreme Court rules

Evening Standard

Headgum Founders Jake Hurwitz & Amir Blumenfeld Celebrate 10 Years Of Running A Podcast Network: ‘We’re Trying To Hold On To The Last Few Indie Comedy Vibes That Are Left In Podcasting’

about 2 hours ago

Can Cleveland Golf’s Triangular-Shaped HiBore XL Start A Trend?

Forbes

After a breakup, I left NYC for Miami and moved in with my mom. It was supposed to be temporary, but 3 years later, I have no plans to leave.

about 3 hours ago

Corporation for Public Broadcasting says it's shutting down

NPR

This 21-year-old founder cut open his leg to show off his biotech. Then he raised $4.3 million from Peter Thiel and others.

about 4 hours ago

insider

The 8 best movies coming to Netflix in August

about 4 hours ago

Comments

Similar News

‘Shame on them’: Standard Chartered CEO decries banks that drop climate pledges

A New Carbon Credit Standard Brings New Hope To The Market

The Guardian view on a climate reckoning: an annual address could set a new standard for political accountability | Editorial

Economists Are The Only Barrier To A Return To The Gold Standard

A.I., Copyright and the Case That Could Shape Creative Ownership Standards

Pacers Sign Rookie Kam Jones To Unique Four-Year Standard Contract

EU justice chief laments democratic standards in Hungary

Supreme Court joins Trump and GOP in targeting California's emission standards

Business News

Lenders do not owe millions compensation over car finance, Supreme Court rules

Jury orders Tesla to pay more than $200 million in Autopilot crash case

Switzerland, the land of luxury brands, could see prices skyrocket from Trump's 39% tariffs

Trump calls for firings after soft jobs report

Delta Air Lines tries to calm fury over ticket prices, telling lawmakers it won’t use AI

Ford recalls 312K vehicles over loss of brake power that can increase crash risk

Fed governor Adriana Kugler resigning, opening up spot for Trump to fill

Elon Musk’s Tesla ordered to pay $329M in deadly Autopilot crash case: ‘This will open the floodgates’

Lenders do not owe millions compensation over car finance, Supreme Court rules

Headgum Founders Jake Hurwitz & Amir Blumenfeld Celebrate 10 Years Of Running A Podcast Network: ‘We’re Trying To Hold On To The Last Few Indie Comedy Vibes That Are Left In Podcasting’

Can Cleveland Golf’s Triangular-Shaped HiBore XL Start A Trend?

What McLaren CEO Zak Brown Thinks Of FOX Acquiring A Third Of IndyCar

Trump Orders Nuclear Submarines Moved In Response To Threats From Former Russian President

For Phillies Prospect Justin Crawford, The Time Is Now

What car finance ruling means for you as drivers could still get compensation

The 37 taxes you pay and why it now takes £3.1m to feel 'wealthy' - This is Money podcast

India grows 80% of the world's turmeric. So why are farmers struggling?

Trump says he gave new orders to US nuclear submarines in response to an ex-Russian president's 'foolish' talk

Tesla must pay over $242M in damages after being found partly at fault for deadly Autopilot crash

'Let's step outside': Sharon Stone on her explosive first encounter with Michael Douglas before 'Basic Instinct'

Trump said he plans to fire Bureau of Labor Statistics commissioner hours after disappointing July jobs report

Why living in space is almost impossible

OpenAI's education head says students should use ChatGPT as a tool, not 'an answer machine'

After a breakup, I left NYC for Miami and moved in with my mom. It was supposed to be temporary, but 3 years later, I have no plans to leave.

Corporation for Public Broadcasting says it's shutting down

Corporation for Public Broadcasting Will Shut Down

Trump, Claiming Weak Jobs Numbers Were ‘Manipulated,’ Moves to Fire Labor Official

Hong Kong firm appeals for legal protection of investors as its Panama Ports contract faces lawsuits

Corporation for Public Broadcasting — which funds PBS, NPR — to close after federal aid cut

Larry Fink’s BlackRock loses bid to dismiss Texas climate collusion claims

Drivers should be ‘very pessimistic’ over car finance claims, say lawyers

Millions set to miss out on car finance compensation after Supreme Court ruling

Lollapalooza Kicks Off In Chicago With Cage The Elephant, Luke Combs

When Is Liam Neeson’s ‘The Naked Gun’ Coming To Streaming?

Ghislaine Maxwell Moved To Minimum-Security Facility After Cooperating With DOJ

The Minnesota Twins Traded 10 Players At The Deadline Including Carlos Correa

Fleetwood Mac Charts A No. 1 Single In America — In The Year 2025

Tyler, The Creator’s Entire Catalog Surges Thanks To His Surprise New Album

Three Takeaways From Lions Vs. Chargers Hall Of Fame Game

What To Watch This Weekend: New Shows And Movies To Stream On Netflix, Hulu, Prime Video, Apple TV And More

History Made: The First Hindi-Language Top 10 Smash On Billboard’s Global Chart

Zach Bryan’s New Single Launches Inside The Top 10 On Multiple Charts

Genie Bouchard Retires From Pro Tennis

Switzerland Slapped With Super-High 39% U.S. Tariff—Impacting These Luxury Imports

Chuck Liddell On UFC’s Emergence As A Mainstream Sport: ‘I Always Thought It Would Get Big’

Beyoncé Joins The Rolling Stones In A Very Exclusive Club

Carrie Bradshaw And Company Say Goodbye: ‘And Just Like That…’ To End After Season 3

Sterling K. Brown And Ernest Kingsley Jr. Discuss ‘Washington Black’

5 London Restaurants Worth Booking In August 2025

Adele’s Debut Album Scores A New Award Nearly A Decade In The Making

Chappell Roan’s New Single Instantly Hits No. 1

Fast-growing motor insurer Cuvva enlists bankers to explore sale

Debenhams' 'beautiful' lace dress is a hit with summer wedding guests and it's now £24 off

I'm an American living in Mexico. I love it, but that doesn't mean every day is perfect.

AI coding agents are infiltrating the corporate world. Here are the top tools.

Mark Zuckerberg just had a $20 billion week, with Meta's earnings beat sending his net worth soaring to new heights

OpenAI chairman says students should still get computer science degrees &mdash; even if they won't be typing code

The future of AI might be hiding in a tool you already use every day

This 21-year-old founder cut open his leg to show off his biotech. Then he raised $4.3 million from Peter Thiel and others.

The 8 best movies coming to Netflix in August

OpenAI chairman says students should still get computer science degrees — even if they won't be typing code