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# HSBC Appoints Georges Elhedery as Group Chief Executive, Succeeding Noel Quinn
- URL: https://www.theglobalbanker.com/hsbc-appoints-georges-elhedery-group-chief-executive-succeeding-noel-quinn/
- Published: 2024-07-17T18:26:00.000Z
- Updated: 2026-10-02T12:57:42.000Z
- Description: HSBC named Georges Elhedery, previously Group CFO, as Group Chief Executive effective 2 September 2024, as Noel Quinn retires after five years in the role.
- Author: TGB Editorial Team
- Tags: Executive Moves, Europe, #archive

HSBC Holdings announced on 17 July 2024 that Georges Elhedery has been appointed Group Chief Executive, effective 2 September 2024\. Elhedery, who has served as the group's Chief Financial Officer, will succeed Noel Quinn, who is retiring after five years in the role. 

#### ELHEDERY'S BACKGROUND

Georges Elhedery has spent much of his career at HSBC, holding senior positions across the group's investment banking and markets businesses before moving into the Group CFO position. His tenure as finance chief gave him oversight of HSBC's capital management, cost reduction programmes, and financial reporting. 

As CFO, Elhedery presented HSBC's financial results to investors and analysts. 

#### QUINN'S TENURE

Noel Quinn became Group CEO on a permanent basis in March 2020, having led the bank on an interim basis from August 2019\. His tenure included the economic disruption caused by the pandemic, geopolitical tensions affecting the bank's Asia franchise, and the disposal of the bank's French retail banking operations to a new owner. Under his leadership, HSBC also reshaped its geographic presence and increased its focus on Asia and the Middle East.

In the 17 July announcement, Group Chairman Sir Mark Tucker thanked Quinn for his leadership of the Group over the past five years and for his 37 years of loyal commitment to HSBC.