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Standard Chartered CEO Winters Buys $1.5 Million of Bank Shares

  • Winters buys additional 168,000 shares at 599 pence apiece
  • Chairman John Peace also buys 295,500 pounds of stock

Standard Chartered Plc Chief Executive Officer Bill Winters bought 1 million pounds ($1.5 million) of shares in the bank, a week after seeking $5.1 billion from investors and unveiling his revised strategy for the Asia-focused lender.

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.