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HSBC has named Georges Elhedery as its next chief executive to replace Noel Quinn from September 2.
Elhedery, 50, the bank’s chief financial officer, had been seen as a frontrunner after Quinn announced in April that he would step down.
HSBC chair Sir Mark Tucker said Elhedery, who joined the bank in 2005, “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.”
The appointment was announced in a stock exchange filing on Wednesday.
This is a developing story
