HSBC has appointed its Chief Financial Officer Georges Elhedery as its next CEO, the bank said Wednesday.
While the 160-year-old lender did consider external candidates, it has traditionally appointed its CEO from within.
Elhedery’s appointment comes as HSBC (HSBC) tries to shift from restructuring to growth, at a time when helpful interest rate hikes may have peaked and geopolitical tensions simmer.
Elhedery began his career in banking as a trader before joining HSBC in 2005.
Quinn, who led HSBC for five years, will remain CEO until Elhedery starts in the role.
Persons:
Georges Elhedery, Elhedery, Noel Quinn, ”, Matt Britzman, Hargreaves Lansdown, Iain Pyle, Ping, Quinn, Stanley Tsai, might’ve, it’s
Organizations:
HSBC, abrdn, Greater, China’s Bank of Communications
Locations:
Lebanon, Hong Kong, Asia, Greater China, China, East, Africa