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Qilai Shen | Bloomberg | Getty Images
Bill Winters, chief executive of Standard Chartered Bank.
"They have always been a very supportive shareholder," said Geoff Cutmore of CNBC at the World Economic Forum in Davos, Switzerland. "We have an extremely active dialogue with all our major shareholders, including Temasek."
The FT also indicated that Temasek would prefer an external replacement to Winters once he would leave his chief duties. He pointed out that Piyush Gupta, managing director of Singaporean bank DBS, was his favorite replacement.
Temasek currently holds nearly 16% of the bank's capital, according to the latest document filed by Standard Chartered, making it the largest shareholder. The London-based lender is known for its focus on emerging markets, with most of its revenue coming from Asia, the Middle East and Africa.
The bank's stock price has dropped more than 40% since taking Winters bar in 2015. Winters said the StanChart stock price was "not what it was" that we wish "and that he knew he had to" continue "in his recovery plan.
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