Georges Elhedery

Georges Elhedery
Elhedery in 2025
Bornc. 1974[1]
Beirut, Lebanon
OccupationBanker
EmployerHSBC
TitleGroup chief executive
TermSeptember 2024-
PredecessorNoel Quinn

Georges Elhedery (born c. 1974) is a banker born in Lebanon. A French national, Elhedery has been the group chief executive (CEO) of HSBC since September 2024, when he succeeded Noel Quinn.

Early life and education

Elhedery was born c. 1974 in Beirut, Lebanon, and grew up during the Lebanese Civil War.[1][2] His father was a banker, and his mother a teacher.[2] He earned a degree in engineering at the École Polytechnique in Paris, followed by a postgraduate degree in statistics and economics from the École Nationale de la Statistique et de l'Administration Économique.[2][3] He interned in Germany with Caisse des dépôts et consignations, a French public sector financial institution.[4]

Career

Elhedery began his career in banking with Banque Paribas in Tokyo in 1997.[5] He then worked for Goldman Sachs from 2001 to 2005, before joining HSBC.[6]

Elhedery was head of the bank in the Middle East, North Africa, and Turkey from 2016 to 2019.[1][7] Elhedery, who speaks fluent Arabic, French, English, German, Spanish, and proficient Japanese,[4][8] took a six-month sabbatical to learn Mandarin in 2022.[6] He returned to HSBC as its chief financial officer from 2023 to 2024.[1][9] Elhedery succeeded Noel Quinn as group CEO of HSBC in September 2024.[2] Following his appointment, Elhedery restructured HSBC into four units and refocused its investment banking on Asia.[10][11] As of February 2025, Elhedery was earning a total of $6.8 million in annual compensation from HSBC.[12]

References

  1. ^ a b c d Wilson, Elliot (18 July 2024). "HSBC's Georges Elhedery: Lucky man". Euromoney. United Kingdom: Delinian. Retrieved 15 February 2025.
  2. ^ a b c d Cruise, Sinead; White, Lawrence (17 July 2024). "Who is Georges Elhedery, HSBC's new CEO?". Reuters. Retrieved 15 February 2025.
  3. ^ Klimes, Michael (17 July 2024). "HSBC appoints Elhedery as CEO to continue bank's Asia focus". The Banker. Retrieved 15 February 2025.
  4. ^ a b Dunkley, Emma (5 November 2022). "Georges Elhedery: HSBC's heir apparent". Financial Times. Retrieved 13 March 2025.
  5. ^ Makartoff, Kalyeena; Simpson, Jack (17 July 2024). "HSBC names new Mandarin-speaking CEO as bank prepares for US-China tensions". The Guardian. Retrieved 15 July 2025.
  6. ^ a b Makortoff, Kalyeena (17 July 2024). "'More politicised than any other bank': HSBC's new boss prepares to ride the Chinese tiger". The Guardian. ISSN 0261-3077. Retrieved 15 February 2025.
  7. ^ Makortoff, Kalyeena; Simpson, Jack (17 July 2024). "HSBC names new Mandarin-speaking CEO as bank prepares for US-China tensions". The Guardian. Retrieved 13 March 2025.
  8. ^ Wilson, Harry (17 July 2024). "HSBC's New Mandarin-Speaking CEO Reveals British Lender's Deepening Asia Pivot". Bloomberg News. Retrieved 27 May 2025.
  9. ^ Mitchell, Josh; Feng, Rebecca (17 July 2024). "HSBC Names Georges Elhedery as Chief Executive". The Wall Street Journal. Retrieved 13 March 2025.
  10. ^ Wee, Denise (26 February 2025). "HSBC Names Asia Country, Banking Heads in CEO's Major Revamp". Bloomberg News. Retrieved 13 March 2025.
  11. ^ Aliaj, Ortenca; Wiggins, Kaye (13 February 2025). "HSBC to unveil $1.5bn savings as restructuring by new CEO kicks in". Financial Times. Retrieved 13 March 2025.
  12. ^ Wee, Denise. "HSBC to Pay CEO Elhedery Total $6.8 Million as Bonus Pool Steady". Bloomberg News. Archived from the original on 19 February 2025. Retrieved 15 September 2025.

Further reading

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