All articles tagged with #georges elhedery
HSBC has appointed Georges Elhedery, its Chief Financial Officer, as the new CEO, making him the bank's third chief executive in less than eight years. Elhedery, who will replace Noel Quinn in September, is expected to bring continuity and growth to the bank amid geopolitical tensions and economic challenges. His appointment follows a period of significant restructuring and asset sales under Quinn's leadership.
Georges Elhedery has been appointed as the new chief executive of HSBC, a major global banking institution.
HSBC Holdings Plc has appointed its Chief Financial Officer Georges Elhedery as the new CEO, succeeding Noel Quinn from September 2. The bank chose Elhedery, a veteran within the company, to ensure continuity in its strategy as it aims to shift from restructuring to growth. Elhedery's appointment comes amid geopolitical tensions and economic challenges, particularly in Asia. Despite some investor concerns about his limited direct experience in Asia, Elhedery is seen as a strong candidate who has made a positive market impression.
HSBC has appointed Georges Elhedery as group CEO, effective September 2, replacing Noel Quinn. Elhedery, currently the CFO, will continue in that role during the transition. Quinn, who has led the bank through significant challenges, will remain available to the company until April 2025.