17/7/2024, 10:54:03 am

HSBC appoints Georges Elhedery as group chief executive

HSBC Holdings Plc has appointed Georges Elhedery as its new group chief executive, effective September 2, replacing outgoing CEO Noel Quinn. Elhedery, currently the CFO, will become the third CEO in less than eight years. Quinn led the bank to record profit and oversaw asset sales, navigating the pandemic and investing in Asia. HSBC, with a $3 trillion balance sheet.