Hong Kong and Shanghai Banking Company (HSBC) has introduced the promotion of the Lebanese Georges Elhedery, its Chief Monetary Officer, to the function of Chief Government Officer.
This resolution aligns with the financial institution’s custom of inner promotions, although exterior candidates have been additionally thought-about.
Elhedery, who has been with HSBC since 2005, has served because the CFO for the previous two years.
Earlier than his tenure as CFO, he co-led the worldwide banking and markets division, which was answerable for practically 1 / 4 of the group’s income within the earlier yr.
Mark Tucker, HSBC’s group chairman, expressed his enthusiasm for Elhedery’s appointment, saying, “Georges is an impressive chief and banker, deeply dedicated to our financial institution, our shoppers, and our staff.
He has demonstrated his skill to information the group by means of change, drive progress, streamline operations, and handle prices successfully.”
Born in Lebanon, Elhedery later moved to France, the place he earned an Engineering Diploma from Ecole Polytechnique in Paris and a Postgraduate Diploma in Statistics and Economics from Ecole Nationale de la Statistique et de l’Administration Economique (ENSAE).
Elhedery will tackle his new function at the beginning of September, succeeding Noel Quinn.
To make sure a easy transition, Quinn will collaborate carefully with Elhedery throughout the handover interval.
