, APAC
Georges Elhedery (left), the incoming group CEO of HSBC. (Photos courtesy of HSBC).

Georges Elhedery is HSBC’s new group CEO

He is currently the CFO; Noel Quinn will retire on 2 September.

HSBC has named Georges Elhedery as its new group chief executive, effective 2 September 2024.

Elhedery is currently group chief financial officer and joined HSBC’s board in early 2023.

Incumbent CEO Noel Quinn will retire on 2 September and will work closely with Elhedery to ensure a smooth transition and handover of responsibilities, HSBC said in a statement posted on its website. Quinn had served as HSBC's official group CEO since 2020.

Elhedery first joined HSBC in 2005. During his career, he has worked in Asia, the Middle East, and Europe. 

Group chairman Sir Mark Tucker expressed delight in Elhedery’s appointment, hailing the incoming CEO as “an exceptional leader and banker.”

“He has a track record of leading through change, driving growth, delivering simplification, containing costs and brings a strong focus on execution,” Tucker said, according to HSBC’s statement.

“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 added.

Elhedery said that he is deeply honoured for the trust placed in him to lead HSBC.

“Working together with our talented team, I look forward to delivering exceptional value to our clients and investors by driving strong performance on a sustainable growth trajectory,” said Elhedery.

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!