HSBC has named Georges Elhedery as chief executive, handing an insider the challenge of steering the bank through escalating tensions between the west and China.
Elhedery, who has been chief financial officer since the start of 2023, will succeed Noel Quinn on September 2, HSBC said on Wednesday.
Quinn surprised investors in April by announcing he would step down after almost five years in the role, a decision that left Elhedery as the frontrunner to succeed him.
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