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HSBC Names Group CFO Georges Elhedery as Group Chief Executive

July 17, 2024 at 05:43 am

By Kosaku Narioka

HSBC Holdings appointed Group Chief Financial Officer Georges Elhedery as its new group chief executive.

The London-based bank said Wednesday that an announcement in relation to Elhedery's successor as Group CFO would be made in due course.

HSBC said the appointment will be effective from Sept. 2.

The bank said in April that Chief Executive Noel Quinn would retire to devote more time to his personal life and that he would remain in his post until the board designates a successor.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

07-17-24 0042ET

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Noel Quinn

Noel Paul Quinn is Group Chief Executive Officer & Executive Director at HSBC Holdings Plc. In the past he held the position of General Manager at Forward Trust Group Ltd, Group General Manager & Head-Commercial Banking at HSBC Asia Pacific Holdings (UK) Ltd., Head-Commercial Banking UK at HSBC Insurance Services Holdings Ltd. and General Manager at Eversholt Leasing Ltd.

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