HSBC Holdings plc announced that Georges Elhedery has been appointed as Group Chief Executive, with effect from 2 September 2024. 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.

Georges Elhedery joined HSBC in 2005 and was appointed to the Board and as Group Chief Financial Officer in January 2023. He previously served as Co-CEO of Global Banking & Markets, where he also led the Markets & Securities Services division. He led the Group's Middle Eastern, North Africa and Turkiye region as CEO from July 2016 to February 2019.

The Company confirms that Noel Quinn will step down as Group Chief Executive with effect from 2 September 2024. Until then, Noel will work closely with Georges to support a smooth and orderly handover of responsibilities. He will remain available to the Group and to Georges when on gardening leave until the completion of his 12-month notice period on 30 April 2025.

Mr. Elhedery, aged 50, joined HSBC in 2005. He is currently an Executive Director and Group Chief Financial Officer. Professional Qualifications of Mr. Elhedery: Degree in Engineering, Ecole Polytechnique, Paris, France, Postgraduate degree in Statistics and Economics, Ecole Nationale de la Statistique et de l'Administration Economique (ENSAE), France.

HSBC Career History of Mr. Elhedery: Group Chief Financial Officer - January 2023 to date, Co-CEO, Global Banking and Markets - March 2020 to December 2022, Global Head of Markets - March 2019 to February 2020, CEO, Middle East, North Africa and Turkiye - July 2016 to February 2019, Head of Global Banking and Markets, Middle East and North Africa - 2014 to July 2016, Head of Global Markets and Head of Capital Financing, Middle East and North Africa - 2013 to 2014, Head of Global Markets, Middle East and North Africa - 2010 to 2013, Deputy Global Head of Rates, Markets, Global Banking and Markets - 2009 to 2010, Global Head of Structured Rates, Global Banking and Markets - 2005 to 2009.