Back to previous section

HSBC appoints CFO Elhedery as new CEO

HSBC has announced that its finance chief George Elhedery will move into the chief executive officer position in September, replacing outgoing boss Noel Quinn.

  • HSBC Holdings
  • 17 July 2024 07:30:26
HSBC

Source: Sharecast

Elhedery, who joined HSBC in 2005 and was appointed chief financial officer in January 2023, will be the bank's third CEO over the past years.

Chairman Mark Tucker said Elhedery is an "exceptional leader" with a "track record of leading through change, driving growth, delivering simplification, containing costs and brings a strong focus on execution".

Prior to his CFO appointment, Elhedery previously served as co-CEO of Global Banking & Markets, where he also led the Markets & Securities Services division. He also headed up HSBC's Middle Eastern, North Africa and Turkiye region as CEO between 2016 and 2019.

Tucker said that, when looking for Quinn's successor, Elhedery "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," Tucker said.

Quinn, who announced his retirement back in April, will remain on board and work with Elhedery to support a "smooth and orderly handover of responsibilities", the bank said.

FTSE 100 ( UKX )

Isin: N/A
Exchange: London Stock Exchange
Sell:
0.00
Buy:
0.00
Change: 24.59 ( 0.28 %)
Date:
Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

Lloyds Bank is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.

Important legal information

Lloyds and Lloyds Bank are trading names of Halifax Share Dealing Limited. The Lloyds Bank Direct Investments Service is operated by Halifax Share Dealing Limited. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Registered in England and Wales no. 3195646. Halifax Share Dealing Limited is authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

Logo Allfunds

The information contained within this website is provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd unless otherwise stated. The information is not intended to be advice or a recommendation to buy, sell or hold any of the shares, companies or investment vehicles mentioned, nor is it information meant to be a research recommendation. This is a solution powered by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd incorporating their prices, data news, charts, fundamentals and investor tools on this site. Terms and conditions apply. Prices and trades are provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd and are delayed by at least 15 minutes.

FE fundinfo Logo

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

Refinitiv Logo

© 2025 Refinitiv, an LSEG business. All rights reserved.