The Asia-focused lender said on Thursday the move would help it save some $100m (Â£66.2m) in 2016.
It also said it plans to shed another 2,000 positions in its retail banking division, on top of the 2,000 already announced.
The bank issued three profit warnings last year.
It posted a 16% fall in operating profit in October last year due to a restructuring of its South Korean business and an increase in bad loans.
The bank's Hong Kong-listed shares were up more than 2% on Thursday as investors welcomed the cost-cutting news.
Standard Chartered told its investors in November last year it would try to deliver $400m in cost savings this year.
It said on Thursday it was on track to deliver those savings.
Some 2,000 job cuts had been announced or completed in its retail sector over the last three months, the lender said, "with a reduction of a further 2,000 expected during 2015."
The bank also said in November that it would close up to 100 bank branches in 2015 in Asia, Africa and the Middle East in an attempt to boost its profitability.
On Thursday it said it had made "good progress in closing 22 branches in the second half of 2014" and that it was on track to close up to 100.
Steven Chan, an analyst at Maybank Kim Eng Securities in Hong Kong said the moves "would certainly help improve the bank's profits."

Dele Alli starred on a memorable night in Berlin as Harry Kane, Jamie Vardy and Eric Dier scored England's goals.
So how did England's players fare overall? Chief football writer Phil McNulty runs the rule over the players on duty.
Sad night for a good goalkeeper - carrying an injury before making his mistake for Toni Kroos' goal.
Excellent going forward but still questions to answer defensively. Superb cross for Vardy's goal.
Part of an uncertain looking central defence but did better than Gary Cahill.
Had a mixed season for Chelsea and was flawed here. Looks uncertain against the highest class and was caught out for Mario Gomez's goal, getting exposed by Emre Can's cross.
Not a bad England debut and did not do his Euro 2016 chances any harm. With no standout candidates at left-back deserves another opportunity.
Another who has put his name firmly into Hodgson's plans for Euro 2016. Very solid in central midfield without being spectacular and capped it all with that towering injury-time header that gave England an outstanding victory.
Hard to see how he will flourish for England against elite opposition. Hard working but real impact minimal.
Another who was on the periphery. Talented player but did nothing to suggest he would be a starter in France when Hodgson's serious shake-up is complete.
England's best player and lived up to the pre-match hype comparing him to former England captain Bryan Robson. Contributed in all areas and could have had a goal but was thwarted twice by Germany keeper Manuel Neuer. His fine performance was marred with a bad late miss.
Trusted by Hodgson and back in the starting line-up for the first time in a year after injury. Worked hard in the wide positions and set up a couple of chances. Back in the fold.
Excellent all-round performance from the Spurs striker. Worked hard, linked well and scored with clinical efficiency. A Euro 2016 starter.
Did well to turn away Marco Reus' free-kick and could do nothing about Gomez's goal.
What an impact. Brilliant flick brought England level and set up Alli for a chance he should have scored.
One or two nice touches but little time to make a serious impact.
Standard Chartered has said it will axe jobs and shut its equities business in a continued effort to cut costs and boost profits.
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England mounted a stunning comeback to come from two goals behind to beat world champions Germany.