HSBC CFO Ewen Stevenson to Step down, Replaced by Georges Elhedery

HSBC​ Holdings plc (HSBC) announced today the appointment of Georges Elhedery as its new Group Chief Financial Officer (CFO) and an Executive Director of the Board of Directors, succeeding Ewen Stevenson, who will resign on 31 December 2022 and will leave HSBC in April 2023.

Noel Quinn, Group Chief Executive of HSBC, said: "Georges is an exceptional leader with strong experience of leading a global business and a major geographic region. He has a track record of driving growth and managing change, and brings a strong focus on execution. He also has the necessary technical and strategic capabilities to take on the role of Group CFO and to continue the delivery of the Board's strategy.

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"I want to pay tribute to Ewen's achievements and professionalism during his time with us and to thank him for his thoughtful and significant contribution to HSBC through a period of considerable change. He has been instrumental in materially repositioning the Bank's strategy and performance, whilst also transforming the Finance function. He also helped drive our efforts to be a more inclusive bank on disability. We wish him all the best for his future career."

Ewen Stevenson, Group CFO, said: "It has been an absolute privilege to be part of the senior team leading a fundamental turnaround of the operating performance of HSBC over recent years. I would like to warmly thank my colleagues and friends who have made my time at the bank so fulfilling. I have strong confidence in the future of HSBC, and wish Noel, Georges and the rest of the senior leadership team well as they continue to deliver the strategy of the bank."

Besides, the bank has named Greg Guyett as Chief Executive of Global Banking and Markets (GBM), with immediate effect.