Manus Costello

Group Chief Financial Officer, Standard Chartered

Search every verified Manus Costello interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Manus Costello, Group Chief Financial Officer at Standard Chartered, discussed the bank's record first-half 2026 performance in a CNBC interview, citing income growth of 6% driven by strong results in wealth, up 38%, and global banking, up 19%. He reported a CET1 ratio of 14.2% and announced a $1 billion share buyback, stating that the bank was returning surplus capital given the strength of its balance sheet. Costello also addressed the bank's China franchise, noting that approximately two-thirds of its China-related income comes from outside China, driven by corporates engaged in international business. He expressed confidence in the bank's momentum heading into the second half of the year, while acknowledging ongoing macroeconomic volatility as a risk. At an Investor Event in June 2026, Costello outlined the bank's capital allocation framework, expecting 5 to 7% revenue growth with risk-weighted asset growth below that range in the base case. He noted that opportunities could arise to deploy capital above that range if they meet return criteria. He declined to provide return on tangible equity by product, explaining that the bank evaluates returns on a client and full relationship basis, and anticipated that growth in the corporate and investment banking business would be driven primarily by non-interest income.