HSBC announced that the Board has appointed Georges Elhedery as Group CEO, effective from September 2. The appointment follows a selection process that considered both internal and external candidates, HSBC said. Group Chairman Sir Mark Tucker said: “I am delighted to confirm Georges as the next HSBC Group Chief Executive. He is an exceptional leader and banker who cares passionately about the Bank, our customers, and our people. He has a track record of leading through change, driving growth, delivering simplification, containing costs and brings a strong focus on execution.” Elhedery succeeds Noel Quinn, who will retire on September 2, and will work closely with Georges to ensure a smooth transition and an orderly handover of responsibilities.
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