Standard Chartered has announced plans to reduce more than 15 per cent of its corporate roles by 2030 as it shifts towards greater use of artificial intelligence, automation, and advanced analytics.
The cuts are part of the London-based corporate and investment bank’s new four-year sustainable growth strategy, which aims to create a more efficient and focused organisation.
A statement from Standard Chartered said: “Our next phase of growth will be supported by a simpler, faster and more connected operating model.
“We’ll continue to apply disciplined workforce planning, aided by a reduction in corporate functions roles of more than 15% by 2030.
“We’re scaling practical uses of automation, advanced analytics and artificial intelligence to streamline processes, improve decision making and enhance both client service and internal efficiency.”
Having already met its 2026 financial targets a year early, the company is now working towards a return on tangible equity (RoTE) of more than 15 per cent by 2028, representing an increase of more than three percentage points from 2025.
Standard Chartered also aims to cut its cost-to-income ratio to around 57 per cent by 2028, down from 63 per cent in 2025.
The bank mainly operates across Asia, Africa, and the Middle East.
