Yes, but I think it also depends on the friend. My husband has several female friends, and I trust him completely with them. I know them all, and several are my friends, too. They all share a similar sense of humor, interests, etc., but have no romantic interest in each other, so I'm fine with it, and he tends to chat with them via text more than hanging out with them in person, though they do meet occasionally for lunch, supper, etc.
If he was hanging out with flirty girls or spending an excessive amount of time with them, I probably wouldn't be ok with it, but more because I wouldn't trust them than me not trusting him.