Georges Elhedery will be our next Group Chief Executive
We have announced today that the Board has appointed Georges Elhedery as Group Chief Executive, effective from 2 September.
The appointment follows a rigorous selection process that considered both internal and external candidates.
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.
“During his career, he has worked in Asia, the Middle East and Europe. Since joining the Board as Group Chief Financial Officer in early 2023, and throughout the selection process, he has demonstrated his strategic insight and vision, and deep international perspectives.
“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.”
Georges 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.”
Georges joined HSBC in 2005 and has worked in financial services, in various high-profile international roles, for almost three decades.
He succeeds Noel Quinn, who will retire on 2 September 2024, and will work closely with Georges to ensure a smooth transition and an orderly handover of responsibilities.