HSBC has introduced the appointment of Georges Elhedery as Group Chief Government Officer (CEO), efficient 2 September 2024.
Elhedery, who joined HSBC in 2005, has served as Group Chief Monetary Officer since January 2023 and has beforehand held key roles, together with Co-CEO of International Banking & Markets and CEO of the Center East, North Africa, and Turkiye area.
He’ll retain his CFO duties through the transition interval, with an announcement on his successor to comply with.
This appointment is the results of a radical succession course of led by the Group Chairman and Nomination and Company Governance Committee.
Noel Quinn, the present Group Chief Government and Government Director of the Board, will step down on 2 September to retire, helping Elhedery through the handover.
Quinn will stay out there throughout his discover interval till 30 April 2025.
Georges Elhedery
Elhedery stated,
“I’m deeply honoured by the belief positioned in me to guide this nice establishment into the longer term.
Working along with our gifted workforce, I look ahead to delivering distinctive worth to our purchasers and buyers by driving robust efficiency on a sustainable progress trajectory.”
Sir Mark Tucker
HSBC Group Chairman, Sir Mark Tucker, stated,
“I’m delighted to verify Georges as the subsequent HSBC Group Chief Government. He’s an distinctive chief and banker who cares passionately in regards to the financial institution, our prospects, and our folks.
He has a observe document of main by means of change, driving progress, delivering simplification, containing prices and brings a powerful deal with execution. The board concluded that Georges was the excellent candidate and we look ahead to working collectively as he leads HSBC by means of the subsequent section of growth and progress.”
Featured picture credit score: Edited from Freepik
