HSBC names veteran insider Elhedery as CEO, signals continuity in strategy

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LONDON: HSBC Holdings Plc has appointed its Chief Financial Officer Georges Elhedery as its next CEO, the bank said on Wednesday, a choice that highlights the global lender's preference for continuity as it looks to kickstart growth.

"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,” he said in the bank's statement announcing his appointment.

Elhedery, 50, who becomes HSBC's third chief executive in less than eight years, will replace outgoing head Noel Quinn from Sept.2.

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Category: EconomyBusiness

Markets: MalaysiaChinaHong KongLebanonThailand

Topics: CEO Banking HSBC Georges Elhedery /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 15:09:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 631 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © The Star

News ID: 21661894

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