Bill Winters

The U.S. dollar still dominates, but its share of global reserves and trade is declining significantly as investors and China seek diversification and non-dollar payment channels, a structural negative for the dollar.

Winters says Standard Chartered's share price has run up to record highs, but he still considers the stock cheap. He highlights the bank's cross-border business and its affluent client/wealth management franchise as critically important, noting it is the fastest-growing wealth manager in Asia, Middle East and Africa and third largest overall, a very attractive business. He says they would love to build out the wealth management portfolio through acquisitions or partnerships, providing a potential catalyst.