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?
“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.
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