Finance

HSBC Names Elhedery CEO, Picking Insider for Top Job

Bank continues tradition of picking insiders for top job
HSBC to name Elhedery’s successor as CFO in due course

WATCH: HSBC named Georges Elhedery its next chief executive officer starting September 2. Russell Ward reports.Source: Bloomberg

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By Harry Wilson and Denise Wee

July 17, 2024 at 4:08 AM UTC

Updated on

July 17, 2024 at 7:37 AM UTC

This article is for subscribers only.

HSBC Holdings Plc named Georges Elhedery its next chief executive officer, continuing the lender’s tradition of picking insiders to run the bank.

Elhedery will take over as CEO from Sept. 2, the London-headquartered bank said in a statement on Wednesday. He replaces Noel Quinn, who in April announced his surprise decision to retire from HSBC after a more than three-decade career, including five years as CEO.