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| name = Georges Elhedery
| name = Georges Elhedery
| birth_date = c. 1974
| birth_date = c. 1974
| birth_place = [[Beirut]], [[Lebanon]]
| birth_place = Beirut, Lebanon
| nationality = French
| nationality = French
| occupation = Banker
| occupation = Banker
| employer = [[HSBC]]
| employer = [[HSBC]]
| title = Group Chief Executive
| title = Group Chief Executive
| term = September 2024–present
| predecessor = [[Noel Quinn]]
| predecessor = [[Noel Quinn]]
| education = [[École Polytechnique]] <br> [[ENSAE ParisTech]]
}}
}}


'''Georges Elhedery''' (born c. 1974) is a French-Lebanese banker who has served as the group chief executive (CEO) of [[HSBC Holdings plc]] since September 2024, succeeding [[Noel Quinn]].<ref name="WSJ">{{cite news |title=HSBC Names Group CFO Georges Elhedery as Group Chief Executive |url=https://www.wsj.com/finance/banking/hsbc-names-group-cfo-georges-elhedery-as-group-chief-executive-1af662b6 |work=The Wall Street Journal |access-date=2026-02-24}}</ref> Born in [[Beirut]] during the [[Lebanese Civil War]], Elhedery rose through the ranks of HSBC over more than two decades, holding senior positions in global markets and serving as the bank's chief financial officer before his appointment to the top role. He is the first [[Mandarin Chinese|Mandarin]]-speaking CEO in HSBC's history, reflecting the bank's deep strategic orientation toward [[Asia]].<ref name="Bloomberg-Mandarin">{{cite news |title=Georges Elhedery: HSBC's First Mandarin-Speaking CEO Looks to Deepen Asia Ties |url=https://www.bloomberg.com/news/articles/2024-07-17/georges-elhedery-hsbc-s-first-mandarin-speaking-ceo-looks-to-deepen-asia-ties |work=Bloomberg News |access-date=2026-02-24}}</ref> Since taking office, Elhedery has embarked on a significant restructuring of the bank, reorganizing its business lines and pledging to improve accountability among senior leadership.<ref name="BusinessChief">{{cite web |title=Why New CEO Georges Elhedery Is Restructuring HSBC |url=https://businesschief.com/articles/why-new-ceo-georges-elhedery-is-restructuring-hsbc |publisher=Business Chief |access-date=2026-02-24}}</ref>
'''Georges Elhedery''' (born c. 1974) is a French-Lebanese banker who has served as the group chief executive (CEO) of [[HSBC Holdings plc]] since September 2024.<ref name="WSJ">{{cite news |title=HSBC Names Group CFO Georges Elhedery as Group Chief Executive |url=https://www.wsj.com/finance/banking/hsbc-names-group-cfo-georges-elhedery-as-group-chief-executive-1af662b6 |work=The Wall Street Journal |access-date=2026-02-24}}</ref> Born in Beirut during the Lebanese Civil War, Elhedery rose through the ranks of one of the world's largest banking institutions over a career spanning more than two decades, holding senior positions in global markets, investment banking, and ultimately the chief financial officer role before being named to the top post. He succeeded Noel Quinn, who announced his retirement from the position in 2024.<ref name="Guardian-new-CEO">{{cite news |title=HSBC names new CEO as Georges Elhedery |url=https://www.theguardian.com/business/article/2024/jul/17/hsbc-names-new-ceo-as-george-elhedery |work=The Guardian |access-date=2026-02-24}}</ref> Elhedery is the first Mandarin-speaking chief executive in HSBC's history, a fact considered significant given the bank's deep ties to Asia and particularly to Hong Kong and mainland China.<ref name="Bloomberg-Mandarin">{{cite news |title=Georges Elhedery: HSBC's First Mandarin-Speaking CEO Looks to Deepen Asia Ties |url=https://www.bloomberg.com/news/articles/2024-07-17/georges-elhedery-hsbc-s-first-mandarin-speaking-ceo-looks-to-deepen-asia-ties |work=Bloomberg News |access-date=2026-02-24}}</ref> Since taking office, Elhedery has undertaken a significant structural reorganisation of the bank and has signalled a commitment to strengthening HSBC's position in key Asian markets.<ref name="BusinessChief">{{cite web |title=Why New CEO Georges Elhedery Is Restructuring HSBC |url=https://businesschief.com/articles/why-new-ceo-georges-elhedery-is-restructuring-hsbc |publisher=Business Chief |access-date=2026-02-24}}</ref>


== Early Life ==
== Early Life ==


Georges Elhedery was born in approximately 1974 in [[Beirut]], [[Lebanon]], during the early stages of the [[Lebanese Civil War]].<ref name="Euromoney">{{cite news |title=HSBC's Georges Elhedery: Lucky Man |url=https://www.euromoney.com/article/2difoeb51uosmzpcdrugw/banking/hsbcs-georges-elhedery-lucky-man |work=Euromoney |access-date=2026-02-24}}</ref> He grew up amid the conflict that engulfed Lebanon for much of the 1970s and 1980s. Elhedery holds French nationality and is a polyglot, speaking multiple languages including [[French language|French]], [[English language|English]], [[Arabic language|Arabic]], and [[Mandarin Chinese]], a linguistic range that would prove instrumental in his later banking career.<ref name="Bloomberg-Mandarin" /><ref name="Reuters">{{cite news |title=Newsmaker: HSBC's Elhedery Takes Fast Track in Finance to CEO |url=https://www.reuters.com/business/finance/newsmaker-hsbcs-elhedery-takes-fast-track-finance-ceo-2024-07-17/ |work=Reuters |access-date=2026-02-24}}</ref>
Georges Elhedery was born in approximately 1974 in Beirut, Lebanon, during a period of severe political instability that would soon escalate into the Lebanese Civil War.<ref name="Euromoney">{{cite news |title=HSBC's Georges Elhedery: Lucky Man |url=https://www.euromoney.com/article/2difoeb51uosmzpcdrugw/banking/hsbcs-georges-elhedery-lucky-man |work=Euromoney |access-date=2026-02-24}}</ref> He grew up in Lebanon during the conflict, which lasted from 1975 to 1990 and caused widespread destruction across the country. Elhedery is a French national, reflecting the historical cultural and linguistic ties between Lebanon and France.<ref name="Reuters">{{cite news |title=Newsmaker: HSBC's Elhedery Takes Fast Track in Finance to CEO |url=https://www.reuters.com/business/finance/newsmaker-hsbcs-elhedery-takes-fast-track-finance-ceo-2024-07-17/ |work=Reuters |date=2024-07-17 |access-date=2026-02-24}}</ref>


His upbringing in war-torn Beirut and subsequent move to France shaped his international outlook. The experience of growing up during the Lebanese Civil War has been noted in profiles of Elhedery as formative, contributing to a resilience and adaptability that characterized his later professional trajectory.<ref name="Euromoney" /> He later settled in France, where he pursued higher education at some of the country's most prestigious institutions.
His upbringing in wartime Beirut has been noted in profiles as formative to his character and career trajectory. Despite the challenging circumstances of his childhood, Elhedery pursued education and eventually left Lebanon to study abroad, a path common among Lebanese professionals of his generation who sought opportunities in Europe and beyond.<ref name="Euromoney"/>
 
Elhedery is multilingual, speaking French, English, Arabic, and Mandarin Chinese — the last of which he learned during his career in Asia. His command of Mandarin became a distinguishing factor in his career at HSBC, where the language proved a significant asset in navigating the bank's extensive operations in Greater China and East Asia.<ref name="Bloomberg-Mandarin"/>


== Education ==
== Education ==


Elhedery was educated in France, attending [[École Polytechnique]], one of the country's elite [[Grandes écoles]], where he studied mathematics and engineering.<ref name="Reuters" /> He subsequently attended [[ENSAE ParisTech]] (the National School of Statistics and Economic Administration), a graduate institution specializing in statistics, economics, and finance.<ref name="Reuters" /> This rigorous quantitative training in mathematics, statistics, and financial theory provided the analytical foundation for his career in global banking and financial markets. Graduates of École Polytechnique and ENSAE are frequently recruited into senior positions in international finance, and Elhedery's educational background placed him among a cohort of French-trained bankers who have risen to prominence in global institutions.
Elhedery pursued higher education in France, consistent with his French nationality and the broader Lebanese-French educational tradition. He studied mathematics and holds qualifications in the field, which provided the analytical foundation for his subsequent career in financial markets and investment banking.<ref name="Reuters"/> His mathematical training proved particularly relevant during his years in derivatives trading and global markets operations at HSBC.<ref name="Euromoney"/>


== Career ==
== Career ==
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=== Early Career at HSBC ===
=== Early Career at HSBC ===


Elhedery joined [[HSBC]] in the early 2000s, beginning a career at the bank that would span more than two decades.<ref name="Reuters" /> He initially worked in the bank's global markets division, where his quantitative background and multilingual capabilities were well suited to the demands of international trading and risk management. Over the following years, Elhedery advanced through a series of increasingly senior roles within the bank's markets and securities operations.
Elhedery joined HSBC in the early 2000s and built his career within the institution, spending over two decades at the bank across multiple geographies and business lines.<ref name="Reuters"/> His early career was focused on markets and trading operations, where his mathematical background proved directly applicable. He worked in several of HSBC's global offices, gaining experience across the bank's international network.<ref name="Euromoney"/>


His career trajectory took him to multiple HSBC hubs across the globe, including stints in [[London]], [[Hong Kong]], and the [[Middle East]], giving him exposure to the bank's operations across its major geographic segments.<ref name="Reuters" /><ref name="Euromoney" /> This breadth of experience across different regions and business lines distinguished Elhedery from many of his peers and was later cited as a key factor in his selection for the bank's top role.
Over time, Elhedery advanced through the markets division, taking on roles of increasing seniority in areas related to global markets, including foreign exchange and derivatives. His career trajectory was characterised by a combination of deep technical expertise in financial markets and growing experience in leadership and strategic roles.<ref name="Reuters"/>


=== Global Markets Leadership ===
=== Senior Leadership in Global Banking and Markets ===


Elhedery rose to become the co-head of HSBC's global markets division, one of the bank's most significant revenue-generating units encompassing foreign exchange, rates, credit, and equities trading.<ref name="Euromoney" /> In this capacity, he oversaw a major portion of the bank's wholesale banking activities and was responsible for navigating the division through periods of market volatility and regulatory change that followed the [[2007–2008 financial crisis|global financial crisis]].
Elhedery rose to become co-head of HSBC's Global Banking and Markets division, one of the bank's core business areas encompassing investment banking, markets, and securities services. This role placed him among the most senior executives at the bank and gave him oversight of a major revenue-generating division with operations across Asia, Europe, and the Americas.<ref name="Reuters"/>


His tenure in global markets was regarded as a period of strong performance for the division. ''Euromoney'' profiled Elhedery in detail during this period, noting his rise through the bank's hierarchy.<ref name="Euromoney" /> His ability to manage complex, cross-border trading operations and his fluency in Mandarin Chinese positioned him as a key figure in HSBC's efforts to expand its presence in Asian capital markets.
His tenure in Global Banking and Markets was marked by efforts to strengthen HSBC's position in Asian capital markets, consistent with the bank's broader strategic pivot toward the region. His fluency in Mandarin and extensive time spent in Hong Kong and other Asian financial centres positioned him as a key figure in the bank's Asia strategy.<ref name="Bloomberg-Mandarin"/>


=== Chief Financial Officer ===
=== Chief Financial Officer ===


In 2023, Elhedery was appointed as HSBC's group chief financial officer (CFO), a role that placed him at the center of the bank's financial strategy and reporting.<ref name="Reuters" /><ref name="WSJ" /> As CFO, he was responsible for overseeing the bank's financial planning, capital allocation, and investor relations. The appointment was seen as a significant elevation and placed Elhedery in a position that is frequently a stepping stone to the CEO role at major financial institutions.
In 2023, Elhedery was appointed as HSBC's group chief financial officer (CFO), a move that placed him in one of the two most senior executive positions at the bank beneath the chief executive.<ref name="WSJ"/> As CFO, he had oversight of the bank's financial reporting, capital management, and strategic planning functions. The appointment was seen by analysts and commentators as positioning him as a potential successor to then-CEO Noel Quinn.<ref name="Reuters"/>


During his time as CFO, Elhedery gained detailed insight into the bank's cost structure, capital efficiency, and the financial performance of its various business units—knowledge that would inform his subsequent approach to restructuring the bank as CEO.
During his time as CFO, Elhedery worked closely with Quinn on the bank's financial strategy, including managing the impact of rising interest rates on HSBC's net interest income and addressing investor concerns about the bank's capital allocation and returns. The role gave him a comprehensive view of HSBC's global operations and financial position that would prove relevant to his subsequent appointment as CEO.<ref name="Guardian-new-CEO"/>


=== Appointment as Group CEO ===
=== Appointment as Group Chief Executive ===


On 17 July 2024, HSBC announced that Georges Elhedery had been appointed as the bank's next group chief executive, succeeding [[Noel Quinn]], who had announced his intention to retire from the role.<ref name="WSJ" /><ref name="Guardian-New-CEO">{{cite news |title=HSBC Names New CEO as Georges Elhedery |url=https://www.theguardian.com/business/article/2024/jul/17/hsbc-names-new-ceo-as-george-elhedery |work=The Guardian |access-date=2026-02-24}}</ref> Elhedery formally assumed the position in September 2024.
On 17 July 2024, HSBC announced that Elhedery would succeed Noel Quinn as group chief executive, following Quinn's announcement earlier that year of his intention to retire from the role.<ref name="WSJ"/><ref name="Guardian-new-CEO"/> The appointment was approved by the bank's board of directors, and Elhedery formally assumed the position in September 2024.<ref name="Guardian-new-CEO"/>


The appointment was closely watched by investors and analysts given HSBC's complex geopolitical positioning as Europe's largest bank by assets with a significant portion of its profits derived from [[Asia]], particularly [[Hong Kong]] and mainland [[China]]. ''The Guardian'' described HSBC as "more politicised than any other bank," noting the challenges facing the new CEO in navigating tensions between Western governments and China.<ref name="Guardian-Political">{{cite news |title=More Politicised Than Any Other Bank: HSBC's New Boss Prepares to Ride the Chinese Tiger |url=https://www.theguardian.com/business/article/2024/jul/17/more-politicised-than-any-other-bank-hsbcs-new-boss-prepares-to-ride-the-chinese-tiger |work=The Guardian |access-date=2026-02-24}}</ref>
The selection of Elhedery was interpreted by analysts and media commentators through the lens of HSBC's complex geopolitical positioning, particularly its significant exposure to both Western and Chinese markets. ''The Guardian'' described HSBC as "more politicised than any other bank" in the context of Elhedery's appointment, noting the challenges of managing an institution with deep roots in both Hong Kong and London amid rising geopolitical tensions between the West and China.<ref name="Guardian-politicised">{{cite news |title=More politicised than any other bank: HSBC's new boss prepares to ride the Chinese tiger |url=https://www.theguardian.com/business/article/2024/jul/17/more-politicised-than-any-other-bank-hsbcs-new-boss-prepares-to-ride-the-chinese-tiger |work=The Guardian |date=2024-07-17 |access-date=2026-02-24}}</ref>


Elhedery's fluency in Mandarin Chinese was noted as a significant asset in this context, making him the first HSBC CEO able to communicate directly in the language with Chinese business partners, regulators, and government officials.<ref name="Bloomberg-Mandarin" /> His appointment was interpreted by some observers as a signal of HSBC's continued commitment to its Asia-focused strategy.
His status as the first Mandarin-speaking CEO in HSBC's history was noted as symbolically and practically important, given the bank's origins in Hong Kong and its substantial Asian operations, which generate a significant portion of the group's profits.<ref name="Bloomberg-Mandarin"/> At the same time, his French-Lebanese background and European education represented the bank's global character.<ref name="Reuters"/>


Under the terms of his appointment, Elhedery was offered a maximum pay package of £15 million.<ref name="Sky-Pay">{{cite news |title=HSBC to Hand New Chief Elhedery £15m Maximum Pay Deal |url=https://news.sky.com/story/hsbc-to-hand-new-chief-elhedery-15m-maximum-pay-deal-13304023 |work=Sky News |access-date=2026-02-24}}</ref> For the 2024 financial year, HSBC disclosed that Elhedery received total compensation of $6.8 million.<ref name="Bloomberg-Pay">{{cite news |title=HSBC to Pay CEO Elhedery Total $6.8 Million as Bonus Pool Steady |url=https://www.bloomberg.com/news/articles/2025-02-19/hsbc-to-pay-ceo-elhedery-total-6-8-million-as-bonus-pool-steady?embedded-checkout=true |work=Bloomberg News |date=2025-02-19 |access-date=2026-02-24}}</ref>
''The Banker'' described Elhedery's path to the CEO role as a rapid ascent through the institution, noting his progression from markets specialist to CFO to chief executive in a relatively compressed timeframe.<ref name="Banker-profile">{{cite news |title=Georges Elhedery profile |url=https://www.thebanker.com/content/047e458a-4223-5903-bf54-a962f6b1925a |work=The Banker |access-date=2026-02-24}}</ref>


=== Restructuring of HSBC ===
=== Organisational Restructuring ===


One of Elhedery's first major acts as CEO was the announcement of a sweeping restructuring of HSBC's organizational structure. The reorganization, announced in late 2024 and implemented through 2025, represented a significant departure from the bank's previous operating model.<ref name="BusinessChief" />
One of Elhedery's first major actions as CEO was the announcement of a significant organisational restructuring of HSBC. The reorganisation represented one of the most substantial changes to the bank's operating structure in years.<ref name="BusinessChief"/>


The restructuring involved reorganizing HSBC's business lines and geographic operations, with the aim of simplifying the bank's structure, reducing duplication, and improving the speed of decision-making. As part of the reorganization, HSBC named new country-level banking heads across Asia, consolidating responsibility and streamlining reporting lines.<ref name="Bloomberg-Asia">{{cite news |title=HSBC Names Asia Country Banking Heads in CEO's Major Revamp |url=https://www.bloomberg.com/news/articles/2025-02-26/hsbc-names-asia-country-banking-heads-in-ceo-s-major-revamp |work=Bloomberg News |date=2025-02-26 |access-date=2026-02-24}}</ref>
The restructuring involved reorganising HSBC's business lines and geographic operations, with the aim of reducing complexity, eliminating duplicated roles, and improving accountability among senior management. Elhedery indicated that the previous structure, which included numerous co-head arrangements at the senior level, had in his view diluted personal accountability.<ref name="Bloomberg-cohead">{{cite news |title=HSBC's Senior Bankers Hid Behind Co-Head Roles, CEO Says |url=https://www.bloomberg.com/news/articles/2025-12-09/senior-hsbc-executives-hid-behind-co-head-roles-ceo-says |work=Bloomberg News |date=2025-12-09 |access-date=2026-02-24}}</ref> In December 2025, he stated publicly that some senior bankers had "hid behind co-head roles" and that not enough executives had been "fully accountable for the performance of their businesses."<ref name="Bloomberg-cohead"/>


A central theme of Elhedery's restructuring was the elimination of co-head roles at the senior management level. In December 2025, Elhedery stated publicly that senior bankers at HSBC had "hid behind co-head roles," arguing that the practice of having two executives share responsibility for a single business unit diluted accountability and allowed underperformance to persist.<ref name="Bloomberg-CoHead">{{cite news |title=HSBC's Senior Bankers Hid Behind Co-Head Roles, CEO Says |url=https://www.bloomberg.com/news/articles/2025-12-09/senior-hsbc-executives-hid-behind-co-head-roles-ceo-says |work=Bloomberg News |date=2025-12-09 |access-date=2026-02-24}}</ref> The move to single reporting lines was intended to create clearer ownership of business outcomes and reduce bureaucracy.
As part of the restructuring, HSBC appointed new country-level banking heads across its Asian operations, reflecting the bank's strategic emphasis on the region.<ref name="Bloomberg-Asia-revamp">{{cite news |title=HSBC Names Asia Country Banking Heads in CEO's Major Revamp |url=https://www.bloomberg.com/news/articles/2025-02-26/hsbc-names-asia-country-banking-heads-in-ceo-s-major-revamp |work=Bloomberg News |date=2025-02-26 |access-date=2026-02-24}}</ref> The changes included cost reduction measures, with the bank implementing workforce reductions in certain areas. In early 2026, HSBC cut approximately 10 per cent of its US-based debt capital markets team as part of the ongoing overhaul.<ref name="BT-DCM">{{cite news |title=HSBC cuts 10% of US debt capital markets team amid overhaul |url=https://www.businesstimes.com.sg/companies-markets/banking-finance/hsbc-cuts-10-us-debt-capital-markets-team-amid-overhaul |work=The Business Times |access-date=2026-02-24}}</ref>


The restructuring also involved cost-cutting measures. In early 2026, HSBC cut approximately 10 percent of its US-based debt capital markets team, a move attributed to the ongoing overhaul of the bank's business operations under Elhedery's leadership.<ref name="BT-Cuts">{{cite news |title=HSBC Cuts 10% of US Debt Capital Markets Team Amid Overhaul |url=https://www.businesstimes.com.sg/companies-markets/banking-finance/hsbc-cuts-10-us-debt-capital-markets-team-amid-overhaul |work=The Business Times |access-date=2026-02-24}}</ref>
After approximately one year in the role, ''The Banker'' published an assessment of Elhedery's restructuring programme, examining the bank's progress under his leadership.<ref name="Banker-one-year">{{cite news |title=One year on: has Elhedery's HSBC revamp worked? |url=https://www.thebanker.com/content/52e9e047-f721-433c-9a03-33734a09faae |work=The Banker |date=2025-08-26 |access-date=2026-02-24}}</ref>


Speaking at the ''Financial Times'' Global Banking Summit in December 2025, Elhedery pledged to be "ruthless" in his efforts to elevate HSBC to top-five status in its key business areas, stating that it was "not an option" for the bank to fall short in those areas.<ref name="FT-Ruthless">{{cite news |title=HSBC Chief Pledges to Be 'Ruthless' in Elevating Bank to Top 5 Status |url=https://www.ft.com/content/b18d7451-4703-49a2-a687-e56a375118d6 |work=Financial Times |date=2025-12-02 |access-date=2026-02-24}}</ref> This language signaled an assertive approach to performance management and strategic prioritization.
=== Strategic Direction and Public Statements ===


''The Banker'' published an assessment of Elhedery's first year as CEO in August 2025, examining the state of the bank under his leadership and the progress of the restructuring program.<ref name="Banker-OneYear">{{cite news |title=One Year On: Has Elhedery's HSBC Revamp Worked? |url=https://www.thebanker.com/content/52e9e047-f721-433c-9a03-33734a09faae |work=The Banker |date=2025-08-26 |access-date=2026-02-24}}</ref>
Elhedery has articulated an ambitious strategic vision for HSBC under his leadership. At the Financial Times Global Banking Summit in December 2025, he stated that it was "not an option" for HSBC to fall short of top-five status in key business areas, and pledged to be "ruthless" in pursuing the bank's strategic objectives.<ref name="FT-ruthless">{{cite news |title=HSBC chief pledges to be 'ruthless' in elevating bank to top 5 status |url=https://www.ft.com/content/b18d7451-4703-49a2-a687-e56a375118d6 |work=Financial Times |date=2025-12-02 |access-date=2026-02-24}}</ref>


=== Asia Strategy and Hong Kong Presence ===
In November 2025, Elhedery commented on the technology sector's spending on artificial intelligence, warning that revenue profiles did not at that time justify the scale of capital expenditure being directed toward AI and flagging what he characterised as "irrational exuberance" in AI investment.<ref name="CNBC-AI">{{cite news |title=HSBC, General Atlantic CEOs flag AI capex-revenue mismatch, 'irrational exuberance' |url=https://www.cnbc.com/2025/11/04/hsbc-ai-capex-elhedery-ford-openai-.html |work=CNBC |date=2025-11-04 |access-date=2026-02-24}}</ref>


Elhedery has underscored HSBC's strategic orientation toward Asia throughout his tenure as CEO. In December 2025, [[Bloomberg News]] reported that Elhedery was preparing to undertake an extended stint in [[Hong Kong]] beginning in early 2026, a move interpreted as a demonstration of the bank's commitment to the region where it generates a substantial share of its revenue.<ref name="Bloomberg-HK">{{cite news |title=HSBC's Georges Elhedery to Kick Off 2026 With Extended Hong Kong Stint |url=https://www.bloomberg.com/news/articles/2025-12-17/hsbc-s-elhedery-to-kick-off-2026-with-extended-hong-kong-stint |work=Bloomberg News |date=2025-12-17 |access-date=2026-02-24}}</ref>
Elhedery has also signalled his intention to spend more time in Hong Kong, a move consistent with the bank's strategic emphasis on Asia. In December 2025, Bloomberg reported that he was preparing to begin 2026 with an extended stint based in Hong Kong, with HSBC staff in the city expected "to see a lot more" of their CEO.<ref name="Bloomberg-HK">{{cite news |title=HSBC's Georges Elhedery to Kick Off 2026 With Extended Hong Kong Stint |url=https://www.bloomberg.com/news/articles/2025-12-17/hsbc-s-elhedery-to-kick-off-2026-with-extended-hong-kong-stint |work=Bloomberg News |date=2025-12-17 |access-date=2026-02-24}}</ref> The decision to increase his physical presence in Hong Kong was interpreted by commentators as a further indication of the bank's strategic priorities under his leadership, and was noted for its potential effects on London-based staff.<ref name="eFin-HK">{{cite news |title=HSBC's London bankers might be happy the boss has left for Hong Kong |url=https://www.efinancialcareers.com/news/hsbc-georges-elhedery-hong-kong |work=eFinancialCareers |date=2025-12-18 |access-date=2026-02-24}}</ref>


The decision to spend an extended period in Hong Kong was notable given that HSBC's group headquarters remain in London. The move was seen as a symbolic and practical signal that the CEO intended to be closely engaged with the bank's Asian operations, its largest profit center.<ref name="Bloomberg-HK" /> ''eFinancialCareers'' reported that the CEO's relocation to Hong Kong could have implications for the bank's London-based staff and the balance of influence between the bank's European and Asian operations.<ref name="eFC-HK">{{cite news |title=HSBC's London Bankers Might Be Happy the Boss Has Left for Hong Kong |url=https://www.efinancialcareers.com/news/hsbc-georges-elhedery-hong-kong |work=eFinancialCareers |date=2025-12-18 |access-date=2026-02-24}}</ref>
== Compensation ==


=== Views on Technology and Artificial Intelligence ===
HSBC's remuneration for its new CEO attracted attention in financial media. Sky News reported that Elhedery's maximum pay deal could reach £15 million.<ref name="Sky-pay">{{cite news |title=HSBC to hand new chief Elhedery £15m maximum pay deal |url=https://news.sky.com/story/hsbc-to-hand-new-chief-elhedery-15m-maximum-pay-deal-13304023 |work=Sky News |access-date=2026-02-24}}</ref>


In November 2025, Elhedery publicly addressed the growing trend of corporate investment in [[artificial intelligence]], cautioning against excessive capital expenditure in the sector. Speaking alongside the CEO of [[General Atlantic]], Elhedery warned that current revenue profiles did not justify the scale of AI-related investments being made across the industry, describing the phenomenon in terms that evoked "irrational exuberance."<ref name="CNBC-AI">{{cite news |title=HSBC, General Atlantic CEOs Flag AI Capex-Revenue Mismatch, 'Irrational Exuberance' |url=https://www.cnbc.com/2025/11/04/hsbc-ai-capex-elhedery-ford-openai-.html |work=CNBC |date=2025-11-04 |access-date=2026-02-24}}</ref> His comments were part of a broader industry discussion about the sustainability of AI investment levels relative to near-term financial returns.
For 2024, Bloomberg reported that HSBC paid Elhedery a total of $6.8 million in compensation, including bonuses.<ref name="Bloomberg-pay">{{cite news |title=HSBC to Pay CEO Elhedery Total $6.8 Million as Bonus Pool Steady |url=https://www.bloomberg.com/news/articles/2025-02-19/hsbc-to-pay-ceo-elhedery-total-6-8-million-as-bonus-pool-steady?embedded-checkout=true |work=Bloomberg News |date=2025-02-19 |access-date=2026-02-24}}</ref><ref name="Bloomberg-pay-archive">{{cite web |title=HSBC to Pay CEO Elhedery Total $6.8 Million as Bonus Pool Steady (archived) |url=https://archive.today/20250219053842/https://www.bloomberg.com/news/articles/2025-02-19/hsbc-to-pay-ceo-elhedery-total-6-8-million-as-bonus-pool-steady |publisher=Archive.today |date=2025-02-19 |access-date=2026-02-24}}</ref>


== Personal Life ==
== Personal Life ==


Elhedery holds French nationality and was born in Lebanon.<ref name="Reuters" /> He is multilingual, speaking French, English, Arabic, and Mandarin Chinese.<ref name="Bloomberg-Mandarin" /> His fluency in Mandarin, uncommon among Western banking executives, has been attributed to personal study and time spent in Asia during his career at HSBC.<ref name="Reuters" />
Elhedery holds French nationality and was born in Lebanon.<ref name="Reuters"/> He is multilingual, speaking French, English, Arabic, and Mandarin Chinese.<ref name="Bloomberg-Mandarin"/> His acquisition of Mandarin has been noted as unusual among Western banking executives and has been cited as an asset in his dealings with Chinese clients, regulators, and business partners.<ref name="Bloomberg-Mandarin"/>


Elhedery has maintained a relatively low public profile outside of his professional role. He has been based in various HSBC locations throughout his career, including London and Hong Kong. Following his appointment as CEO, his decision to spend extended periods in Hong Kong beginning in 2026 reflected both strategic priorities and his long-standing connection to the Asia-Pacific region.<ref name="Bloomberg-HK" />
He has spent significant portions of his career based in Asia, particularly Hong Kong, which is also the city where HSBC was founded in 1865. His decision to extend his time in Hong Kong upon becoming CEO has been reported as reflecting both personal preference and strategic calculation.<ref name="Bloomberg-HK"/>
 
''Euromoney'' profiled Elhedery under the headline "Lucky Man," exploring his career trajectory and personal background, including his origins in wartime Beirut and his rise to lead one of the world's largest financial institutions.<ref name="Euromoney"/>


== Recognition ==
== Recognition ==


Elhedery has been profiled by major financial publications including ''[[Euromoney]]'', ''[[The Banker]]'', ''[[Reuters]]'', ''[[Bloomberg News]]'', and the ''[[Financial Times]]'' in connection with his career at HSBC and his appointment as group CEO.<ref name="Euromoney" /><ref name="Banker-OneYear" /><ref name="Reuters" />
Elhedery has received media attention and coverage commensurate with his position as the leader of one of the world's largest banks by total assets. His appointment as CEO was covered by major international outlets including ''The Wall Street Journal'', ''The Guardian'', Bloomberg, Reuters, and the ''Financial Times''.<ref name="WSJ"/><ref name="Guardian-new-CEO"/><ref name="Bloomberg-Mandarin"/><ref name="Reuters"/><ref name="FT-restructure">{{cite news |title=HSBC restructuring coverage |url=https://www.ft.com/content/f843a615-821a-4be9-a290-abdb87a02b15 |work=Financial Times |access-date=2026-02-24}}</ref>
 
''The Banker'' published a detailed profile of Elhedery prior to and following his appointment, examining his career trajectory within HSBC and the challenges facing the bank under his leadership.<ref name="Banker-profile"/><ref name="Banker-one-year"/>
 
His public statements on AI investment, banking strategy, and organisational accountability have been reported by Bloomberg, CNBC, and the ''Financial Times'', among other outlets, reflecting his prominence in global financial discussions.<ref name="CNBC-AI"/><ref name="FT-ruthless"/><ref name="Bloomberg-cohead"/>
 
== Legacy ==
 
As Elhedery's tenure as HSBC CEO was still in its early stages as of early 2026, any assessment of his legacy remains preliminary. However, several aspects of his leadership have been identified by commentators as potentially consequential for the institution.
 
His appointment as the first Mandarin-speaking CEO in HSBC's 160-year history has been framed as reflecting the bank's evolving identity and the growing importance of Greater China to its business model.<ref name="Bloomberg-Mandarin"/> At a time when Western financial institutions have faced increasing scrutiny over their relationships with China amid geopolitical tensions, Elhedery's linguistic and cultural fluency in both European and Asian contexts has been noted as a distinctive characteristic.<ref name="Guardian-politicised"/>


''The Banker'' named him as part of its coverage of significant banking leadership transitions, and ''Euromoney'' published an extensive profile of Elhedery highlighting his career trajectory from Beirut to the leadership of one of the world's largest financial institutions.<ref name="Euromoney" /><ref name="Banker-Original">{{cite news |title=Georges Elhedery Profile |url=https://www.thebanker.com/content/047e458a-4223-5903-bf54-a962f6b1925a |work=The Banker |access-date=2026-02-24}}</ref>
The organisational restructuring he initiated within months of taking office represented a significant departure from HSBC's previous operating model. By eliminating co-head structures, appointing country-level banking heads across Asia, and implementing cost reductions, Elhedery signalled a preference for clearer lines of accountability and a more streamlined management hierarchy.<ref name="Bloomberg-cohead"/><ref name="Bloomberg-Asia-revamp"/><ref name="BusinessChief"/>


His appointment as HSBC's first Mandarin-speaking CEO received coverage across international media, including the ''[[Wall Street Journal]]'', Bloomberg, the ''Financial Times'', and ''[[The Guardian]]'', reflecting the significance of the appointment in the context of global banking and geopolitics.<ref name="WSJ" /><ref name="Bloomberg-Mandarin" /><ref name="Guardian-New-CEO" />
His stated ambition of positioning HSBC among the top five global institutions in all key business areas, and his willingness to describe his approach as "ruthless," have set a high bar against which his performance will be measured by investors, analysts, and the bank's more than 200,000 employees worldwide.<ref name="FT-ruthless"/>
 
The longer-term effects of his strategic direction, including his emphasis on Asian markets, his approach to cost management, and his views on technology investment in banking, will become clearer as his tenure progresses.<ref name="Banker-one-year"/><ref name="CNBC-AI"/>


== References ==
== References ==
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Latest revision as of 05:33, 24 February 2026




Georges Elhedery
Bornc. 1974
BirthplaceBeirut, Lebanon
NationalityFrench
OccupationBanker
TitleGroup Chief Executive
EmployerHSBC

Georges Elhedery (born c. 1974) is a French-Lebanese banker who has served as the group chief executive (CEO) of HSBC Holdings plc since September 2024.[1] Born in Beirut during the Lebanese Civil War, Elhedery rose through the ranks of one of the world's largest banking institutions over a career spanning more than two decades, holding senior positions in global markets, investment banking, and ultimately the chief financial officer role before being named to the top post. He succeeded Noel Quinn, who announced his retirement from the position in 2024.[2] Elhedery is the first Mandarin-speaking chief executive in HSBC's history, a fact considered significant given the bank's deep ties to Asia and particularly to Hong Kong and mainland China.[3] Since taking office, Elhedery has undertaken a significant structural reorganisation of the bank and has signalled a commitment to strengthening HSBC's position in key Asian markets.[4]

Early Life

Georges Elhedery was born in approximately 1974 in Beirut, Lebanon, during a period of severe political instability that would soon escalate into the Lebanese Civil War.[5] He grew up in Lebanon during the conflict, which lasted from 1975 to 1990 and caused widespread destruction across the country. Elhedery is a French national, reflecting the historical cultural and linguistic ties between Lebanon and France.[6]

His upbringing in wartime Beirut has been noted in profiles as formative to his character and career trajectory. Despite the challenging circumstances of his childhood, Elhedery pursued education and eventually left Lebanon to study abroad, a path common among Lebanese professionals of his generation who sought opportunities in Europe and beyond.[5]

Elhedery is multilingual, speaking French, English, Arabic, and Mandarin Chinese — the last of which he learned during his career in Asia. His command of Mandarin became a distinguishing factor in his career at HSBC, where the language proved a significant asset in navigating the bank's extensive operations in Greater China and East Asia.[3]

Education

Elhedery pursued higher education in France, consistent with his French nationality and the broader Lebanese-French educational tradition. He studied mathematics and holds qualifications in the field, which provided the analytical foundation for his subsequent career in financial markets and investment banking.[6] His mathematical training proved particularly relevant during his years in derivatives trading and global markets operations at HSBC.[5]

Career

Early Career at HSBC

Elhedery joined HSBC in the early 2000s and built his career within the institution, spending over two decades at the bank across multiple geographies and business lines.[6] His early career was focused on markets and trading operations, where his mathematical background proved directly applicable. He worked in several of HSBC's global offices, gaining experience across the bank's international network.[5]

Over time, Elhedery advanced through the markets division, taking on roles of increasing seniority in areas related to global markets, including foreign exchange and derivatives. His career trajectory was characterised by a combination of deep technical expertise in financial markets and growing experience in leadership and strategic roles.[6]

Senior Leadership in Global Banking and Markets

Elhedery rose to become co-head of HSBC's Global Banking and Markets division, one of the bank's core business areas encompassing investment banking, markets, and securities services. This role placed him among the most senior executives at the bank and gave him oversight of a major revenue-generating division with operations across Asia, Europe, and the Americas.[6]

His tenure in Global Banking and Markets was marked by efforts to strengthen HSBC's position in Asian capital markets, consistent with the bank's broader strategic pivot toward the region. His fluency in Mandarin and extensive time spent in Hong Kong and other Asian financial centres positioned him as a key figure in the bank's Asia strategy.[3]

Chief Financial Officer

In 2023, Elhedery was appointed as HSBC's group chief financial officer (CFO), a move that placed him in one of the two most senior executive positions at the bank beneath the chief executive.[1] As CFO, he had oversight of the bank's financial reporting, capital management, and strategic planning functions. The appointment was seen by analysts and commentators as positioning him as a potential successor to then-CEO Noel Quinn.[6]

During his time as CFO, Elhedery worked closely with Quinn on the bank's financial strategy, including managing the impact of rising interest rates on HSBC's net interest income and addressing investor concerns about the bank's capital allocation and returns. The role gave him a comprehensive view of HSBC's global operations and financial position that would prove relevant to his subsequent appointment as CEO.[2]

Appointment as Group Chief Executive

On 17 July 2024, HSBC announced that Elhedery would succeed Noel Quinn as group chief executive, following Quinn's announcement earlier that year of his intention to retire from the role.[1][2] The appointment was approved by the bank's board of directors, and Elhedery formally assumed the position in September 2024.[2]

The selection of Elhedery was interpreted by analysts and media commentators through the lens of HSBC's complex geopolitical positioning, particularly its significant exposure to both Western and Chinese markets. The Guardian described HSBC as "more politicised than any other bank" in the context of Elhedery's appointment, noting the challenges of managing an institution with deep roots in both Hong Kong and London amid rising geopolitical tensions between the West and China.[7]

His status as the first Mandarin-speaking CEO in HSBC's history was noted as symbolically and practically important, given the bank's origins in Hong Kong and its substantial Asian operations, which generate a significant portion of the group's profits.[3] At the same time, his French-Lebanese background and European education represented the bank's global character.[6]

The Banker described Elhedery's path to the CEO role as a rapid ascent through the institution, noting his progression from markets specialist to CFO to chief executive in a relatively compressed timeframe.[8]

Organisational Restructuring

One of Elhedery's first major actions as CEO was the announcement of a significant organisational restructuring of HSBC. The reorganisation represented one of the most substantial changes to the bank's operating structure in years.[4]

The restructuring involved reorganising HSBC's business lines and geographic operations, with the aim of reducing complexity, eliminating duplicated roles, and improving accountability among senior management. Elhedery indicated that the previous structure, which included numerous co-head arrangements at the senior level, had in his view diluted personal accountability.[9] In December 2025, he stated publicly that some senior bankers had "hid behind co-head roles" and that not enough executives had been "fully accountable for the performance of their businesses."[9]

As part of the restructuring, HSBC appointed new country-level banking heads across its Asian operations, reflecting the bank's strategic emphasis on the region.[10] The changes included cost reduction measures, with the bank implementing workforce reductions in certain areas. In early 2026, HSBC cut approximately 10 per cent of its US-based debt capital markets team as part of the ongoing overhaul.[11]

After approximately one year in the role, The Banker published an assessment of Elhedery's restructuring programme, examining the bank's progress under his leadership.[12]

Strategic Direction and Public Statements

Elhedery has articulated an ambitious strategic vision for HSBC under his leadership. At the Financial Times Global Banking Summit in December 2025, he stated that it was "not an option" for HSBC to fall short of top-five status in key business areas, and pledged to be "ruthless" in pursuing the bank's strategic objectives.[13]

In November 2025, Elhedery commented on the technology sector's spending on artificial intelligence, warning that revenue profiles did not at that time justify the scale of capital expenditure being directed toward AI and flagging what he characterised as "irrational exuberance" in AI investment.[14]

Elhedery has also signalled his intention to spend more time in Hong Kong, a move consistent with the bank's strategic emphasis on Asia. In December 2025, Bloomberg reported that he was preparing to begin 2026 with an extended stint based in Hong Kong, with HSBC staff in the city expected "to see a lot more" of their CEO.[15] The decision to increase his physical presence in Hong Kong was interpreted by commentators as a further indication of the bank's strategic priorities under his leadership, and was noted for its potential effects on London-based staff.[16]

Compensation

HSBC's remuneration for its new CEO attracted attention in financial media. Sky News reported that Elhedery's maximum pay deal could reach £15 million.[17]

For 2024, Bloomberg reported that HSBC paid Elhedery a total of $6.8 million in compensation, including bonuses.[18][19]

Personal Life

Elhedery holds French nationality and was born in Lebanon.[6] He is multilingual, speaking French, English, Arabic, and Mandarin Chinese.[3] His acquisition of Mandarin has been noted as unusual among Western banking executives and has been cited as an asset in his dealings with Chinese clients, regulators, and business partners.[3]

He has spent significant portions of his career based in Asia, particularly Hong Kong, which is also the city where HSBC was founded in 1865. His decision to extend his time in Hong Kong upon becoming CEO has been reported as reflecting both personal preference and strategic calculation.[15]

Euromoney profiled Elhedery under the headline "Lucky Man," exploring his career trajectory and personal background, including his origins in wartime Beirut and his rise to lead one of the world's largest financial institutions.[5]

Recognition

Elhedery has received media attention and coverage commensurate with his position as the leader of one of the world's largest banks by total assets. His appointment as CEO was covered by major international outlets including The Wall Street Journal, The Guardian, Bloomberg, Reuters, and the Financial Times.[1][2][3][6][20]

The Banker published a detailed profile of Elhedery prior to and following his appointment, examining his career trajectory within HSBC and the challenges facing the bank under his leadership.[8][12]

His public statements on AI investment, banking strategy, and organisational accountability have been reported by Bloomberg, CNBC, and the Financial Times, among other outlets, reflecting his prominence in global financial discussions.[14][13][9]

Legacy

As Elhedery's tenure as HSBC CEO was still in its early stages as of early 2026, any assessment of his legacy remains preliminary. However, several aspects of his leadership have been identified by commentators as potentially consequential for the institution.

His appointment as the first Mandarin-speaking CEO in HSBC's 160-year history has been framed as reflecting the bank's evolving identity and the growing importance of Greater China to its business model.[3] At a time when Western financial institutions have faced increasing scrutiny over their relationships with China amid geopolitical tensions, Elhedery's linguistic and cultural fluency in both European and Asian contexts has been noted as a distinctive characteristic.[7]

The organisational restructuring he initiated within months of taking office represented a significant departure from HSBC's previous operating model. By eliminating co-head structures, appointing country-level banking heads across Asia, and implementing cost reductions, Elhedery signalled a preference for clearer lines of accountability and a more streamlined management hierarchy.[9][10][4]

His stated ambition of positioning HSBC among the top five global institutions in all key business areas, and his willingness to describe his approach as "ruthless," have set a high bar against which his performance will be measured by investors, analysts, and the bank's more than 200,000 employees worldwide.[13]

The longer-term effects of his strategic direction, including his emphasis on Asian markets, his approach to cost management, and his views on technology investment in banking, will become clearer as his tenure progresses.[12][14]

References

  1. ↑ 1.0 1.1 1.2 1.3 "HSBC Names Group CFO Georges Elhedery as Group Chief Executive".The Wall Street Journal.https://www.wsj.com/finance/banking/hsbc-names-group-cfo-georges-elhedery-as-group-chief-executive-1af662b6.Retrieved 2026-02-24.
  2. ↑ 2.0 2.1 2.2 2.3 2.4 "HSBC names new CEO as Georges Elhedery".The Guardian.https://www.theguardian.com/business/article/2024/jul/17/hsbc-names-new-ceo-as-george-elhedery.Retrieved 2026-02-24.
  3. ↑ 3.0 3.1 3.2 3.3 3.4 3.5 3.6 3.7 "Georges Elhedery: HSBC's First Mandarin-Speaking CEO Looks to Deepen Asia Ties".Bloomberg News.https://www.bloomberg.com/news/articles/2024-07-17/georges-elhedery-hsbc-s-first-mandarin-speaking-ceo-looks-to-deepen-asia-ties.Retrieved 2026-02-24.
  4. ↑ 4.0 4.1 4.2 "Why New CEO Georges Elhedery Is Restructuring HSBC".Business Chief.https://businesschief.com/articles/why-new-ceo-georges-elhedery-is-restructuring-hsbc.Retrieved 2026-02-24.
  5. ↑ 5.0 5.1 5.2 5.3 5.4 "HSBC's Georges Elhedery: Lucky Man".Euromoney.https://www.euromoney.com/article/2difoeb51uosmzpcdrugw/banking/hsbcs-georges-elhedery-lucky-man.Retrieved 2026-02-24.
  6. ↑ 6.0 6.1 6.2 6.3 6.4 6.5 6.6 6.7 6.8 "Newsmaker: HSBC's Elhedery Takes Fast Track in Finance to CEO".Reuters.2024-07-17.https://www.reuters.com/business/finance/newsmaker-hsbcs-elhedery-takes-fast-track-finance-ceo-2024-07-17/.Retrieved 2026-02-24.
  7. ↑ 7.0 7.1 "More politicised than any other bank: HSBC's new boss prepares to ride the Chinese tiger".The Guardian.2024-07-17.https://www.theguardian.com/business/article/2024/jul/17/more-politicised-than-any-other-bank-hsbcs-new-boss-prepares-to-ride-the-chinese-tiger.Retrieved 2026-02-24.
  8. ↑ 8.0 8.1 "Georges Elhedery profile".The Banker.https://www.thebanker.com/content/047e458a-4223-5903-bf54-a962f6b1925a.Retrieved 2026-02-24.
  9. ↑ 9.0 9.1 9.2 9.3 "HSBC's Senior Bankers Hid Behind Co-Head Roles, CEO Says".Bloomberg News.2025-12-09.https://www.bloomberg.com/news/articles/2025-12-09/senior-hsbc-executives-hid-behind-co-head-roles-ceo-says.Retrieved 2026-02-24.
  10. ↑ 10.0 10.1 "HSBC Names Asia Country Banking Heads in CEO's Major Revamp".Bloomberg News.2025-02-26.https://www.bloomberg.com/news/articles/2025-02-26/hsbc-names-asia-country-banking-heads-in-ceo-s-major-revamp.Retrieved 2026-02-24.
  11. ↑ "HSBC cuts 10% of US debt capital markets team amid overhaul".The Business Times.https://www.businesstimes.com.sg/companies-markets/banking-finance/hsbc-cuts-10-us-debt-capital-markets-team-amid-overhaul.Retrieved 2026-02-24.
  12. ↑ 12.0 12.1 12.2 "One year on: has Elhedery's HSBC revamp worked?".The Banker.2025-08-26.https://www.thebanker.com/content/52e9e047-f721-433c-9a03-33734a09faae.Retrieved 2026-02-24.
  13. ↑ 13.0 13.1 13.2 "HSBC chief pledges to be 'ruthless' in elevating bank to top 5 status".Financial Times.2025-12-02.https://www.ft.com/content/b18d7451-4703-49a2-a687-e56a375118d6.Retrieved 2026-02-24.
  14. ↑ 14.0 14.1 14.2 "HSBC, General Atlantic CEOs flag AI capex-revenue mismatch, 'irrational exuberance'".CNBC.2025-11-04.https://www.cnbc.com/2025/11/04/hsbc-ai-capex-elhedery-ford-openai-.html.Retrieved 2026-02-24.
  15. ↑ 15.0 15.1 "HSBC's Georges Elhedery to Kick Off 2026 With Extended Hong Kong Stint".Bloomberg News.2025-12-17.https://www.bloomberg.com/news/articles/2025-12-17/hsbc-s-elhedery-to-kick-off-2026-with-extended-hong-kong-stint.Retrieved 2026-02-24.
  16. ↑ "HSBC's London bankers might be happy the boss has left for Hong Kong".eFinancialCareers.2025-12-18.https://www.efinancialcareers.com/news/hsbc-georges-elhedery-hong-kong.Retrieved 2026-02-24.
  17. ↑ "HSBC to hand new chief Elhedery £15m maximum pay deal".Sky News.https://news.sky.com/story/hsbc-to-hand-new-chief-elhedery-15m-maximum-pay-deal-13304023.Retrieved 2026-02-24.
  18. ↑ "HSBC to Pay CEO Elhedery Total $6.8 Million as Bonus Pool Steady".Bloomberg News.2025-02-19.https://www.bloomberg.com/news/articles/2025-02-19/hsbc-to-pay-ceo-elhedery-total-6-8-million-as-bonus-pool-steady?embedded-checkout=true.Retrieved 2026-02-24.
  19. ↑ "HSBC to Pay CEO Elhedery Total $6.8 Million as Bonus Pool Steady (archived)".Archive.today.2025-02-19.https://archive.today/20250219053842/https://www.bloomberg.com/news/articles/2025-02-19/hsbc-to-pay-ceo-elhedery-total-6-8-million-as-bonus-pool-steady.Retrieved 2026-02-24.
  20. ↑ "HSBC restructuring coverage".Financial Times.https://www.ft.com/content/f843a615-821a-4be9-a290-abdb87a02b15.Retrieved 2026-02-24.

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