HSBC has announced the appointment of Georges Elhedery as Group Chief Executive Officer (CEO), effective 2 September 2024.
Elhedery, who joined HSBC in 2005, has served as Group Chief Financial Officer since January 2023 and has previously held key roles, including Co-CEO of Global Banking & Markets and CEO of the Middle East, North Africa, and Turkiye region.
He will retain his CFO duties during the transition period, with an announcement on his successor to follow.
This appointment is the result of a thorough succession process led by the Group Chairman and Nomination and Corporate Governance Committee.
Noel Quinn, the current Group Chief Executive and Executive Director of the Board, will step down on 2 September to retire, assisting Elhedery during the handover.
Quinn will remain available during his notice period until 30 April 2025.

Elhedery said,
“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.”

HSBC Group Chairman, Sir Mark Tucker, said,
“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. 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.”
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