Categories: BankingCEOs

Know all about Georges Elhedery: The new CEO of HSBC

Hong Kong and Shanghai Banking Corporation (HSBC) Holdings announced that Georges Elhedery, the company’s current chief financial officer, will succeed departing CEO Noel Quinn as group chief executive officer effective in September.

Elhedery’s appointment will take effect on September 2, according to a statement from HSBC. The bank had looked at both internal and external candidates to replace Quinn.

Who is Georges Elhedery?

  1. Georges Elhedery was born in Lebanon
  2. He completed his education in France
  3. Georges Elhedery, then fifty, became an employee of HSBC in 2005
  4. He held the position of co-CEO of Global Banking and Markets at HSBC until January 2023. And then the chief financial officer role was subsequently taken over by him.
  5. He managed the bank’s activities in Turkey, North Africa, and the Middle East from July 2016 until February 2019
  6. He would receive a base salary of £1.38m a year, with a fixed allowance of £1.7m and a pension allowance of £137,6000, the Guardian reported.
  7. Elhedery has a proven track record of leading through change, driving growth, delivering simplification, controlling costs, and bringing a strong focus on execution, according to HDBC Chairman Mark Tucker

“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 said, speaking on his appointment.

Business Now Desk

Recent Posts

Trump Signals Thaw in U.S.-China Trade War, Promises Tariff Cuts but Not Elimination

Despite these tensions, the prospect of a trade agreement has had a positive impact on…

3 days ago

StockNow: The Next Generation Investment Social Media Platform

StockNow provides real-time sentiment tracking, risk assessment, and trading signals with AI-Driven Stock Analysis to…

7 days ago

CEO of the Week: Dubai airport retail king Colm McLoughlin

Colm McLoughlin was born in July 1943, in Ballinasloe, County Galway, Ireland. He is a…

2 weeks ago

Sync Record: The Ultimate Data Synchronization Solution

Sync Record's efficiency, automation, and user-friendliness make it stand out in the market. It makes…

3 weeks ago

Codiva Software & Technology: Customized digital solution for your business

Codiva Software & Technology is excellent at offering full-scope consulting and project management services

3 weeks ago

Eliga Consultancy: Transforming Contract Management for the Tech Industry

Business Now spoke with a spokesperson from Eliga to discuss the inspiration behind the consultancy,…

3 weeks ago