(17 July 2024 – United Kingdom) Following HSBC CEO Noel Quinn announcing his retirement earlier this year, HSBC has selected his successor.
HSBC has appointed Georges Elhedery as Group CEO effective 2 September. Elhedery joined HSBC in 2005 and undertook several roles before becoming CFO in 2023. He previously served as co-CEO of global banking and markets in addition to CEO of Middle East, North Africa (MENA) and Turkey.
“I am delighted to confirm Georges as the next HSBC Group Chief Executive. He is an exceptional leader and banker who cares passionately about the Bank, our customers, and our people. He has a track record of leading through change, driving growth, delivering simplification, containing costs and brings a strong focus on execution” stated HSBC Group Chair, Mark Tucker.
“Since joining the Board as Group Chief Financial Officer in early 2023 and throughout the selection process, Elhedery has demonstrated his strategic insight and vision, and deep international perspectives. The Board concluded that Georges was the outstanding candidate and we look forward to working together as he leads HSBC through the next phase of development and growth.”
“I am deeply honoured by the trust placed in me to lead this great institution into the future. Working together with our talented team, I look forward to delivering exceptional value to our clients and investors by driving strong performance on a sustainable growth trajectory” Elhedery commented on his appointment.