HSBC says CFO Georges Elhedery to take over as CEO By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 17 2024
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Source: Investing.com
- HSBC Holdings PLC CEO Transition: Georges Elhedery, the current Chief Financial Officer of HSBC Holdings PLC, will become the new Chief Executive Officer in September, replacing Noel Quinn.
- Leadership Change at HSBC: Noel Quinn, who led a significant restructuring of HSBC during his four-year tenure as CEO, will step down from his position.
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About HSBC
HSBC Holdings plc (HSBC) is a banking and financial services company. Its business segments include Hong Kong, UK, Corporate and Institutional Banking (CIB), and International Wealth and Premier Banking (IWPB). Its Hong Kong business comprises retail banking and wealth and commercial banking of HSBC Hong Kong and Hang Seng Bank. Its UK business comprises UK retail banking and wealth (including first direct and M&S Bank) and UK commercial banking, including HSBC Innovation Bank. The CIB segment is formed from the integration of its commercial banking business (outside the UK and Hong Kong) with its global banking and markets business. The IWPB segment comprises premier banking outside of Hong Kong and the UK, its global private bank, and its asset management, insurance and investment distribution businesses. Its customers worldwide through a network covering 58 countries and territories. Its customers range from individual savers and investors to companies, governments and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
