HSBC Appoints Georges Elhedery as Group Chief Executive
In a recent announcement, HSBC Holdings plc has appointed Georges Elhedery as the new group chief executive, effective from 2 September 2024. This decision comes after a thorough selection process, with HSBC Group chairman, Sir Mark Tucker, expressing his delight in confirming Georges for the role.
Georges Elhedery is no stranger to HSBC, having joined the bank in 2005. He has held various leadership positions within the organization, including co-CEO of global banking & markets and CEO of the Middle Eastern, North Africa, and Turkiye region. His experience and track record of driving growth, simplification, and cost containment make him a strong candidate to lead HSBC through its next phase of development and growth.
During his tenure as group chief financial officer, Georges has demonstrated strategic insight, vision, and deep international perspectives, which have impressed the board and led to his appointment as group chief executive. His leadership style, passion for the bank, customers, and employees, make him an exceptional leader who is well-equipped to steer HSBC towards sustainable growth.
Georges Elhedery expressed his deep honor at being entrusted with the role of group chief executive and looks forward to working with the talented team at HSBC to deliver exceptional value to clients and investors. He will continue to serve as group CFO during the transition period, with an announcement regarding his successor to be made in due course.
As Georges Elhedery steps into his new role, Noel Quinn will step down as group chief executive and executive director of the board. Mr. Quinn will work closely with Mr. Elhedery to ensure a smooth handover of responsibilities until his departure on 2 September. He will remain available to the group and Mr. Elhedery during his gardening leave until the completion of his notice period on 30 April 2025.
The appointment of Georges Elhedery as group chief executive marks an exciting new chapter for HSBC, and stakeholders can look forward to continued growth and success under his leadership. Stay tuned for more updates on HSBC’s journey under its new leader.
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