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Georges Elhedery

Georges Elhedery
The latest news and top stories on Georges Elhedery, Group Chief Executive of HSBC. Known for his extensive career in financial services, Elhedery officially assumed his current role on 2 September 2024, succeeding Noel Quinn. He joined HSBC in 2005, progressing through various senior leadership positions including Group Chief Financial Officer from January 2023, Co-CEO of Global Banking & Markets, and CEO for the Middle East North Africa and Turkey region. He has a background in engineering and economics, having studied at École Polytechnique in Paris.
HSBC’s first-quarter pre-tax profit fell 1 per cent to US$9.38 billion, below the consensus forecast of US$9.59 billion. Photo: Karma Lo
Banking & finance

HSBC profit flat as Middle East provisions offset wealth growth

HSBC stock slides 5.2 per cent as higher credit charges linked to Middle East uncertainty and UK exposure offset wealth business growth.

Banking & finance

OCBC acquires HSBC’s retail and wealth management operations in Indonesia

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Banking & finance

No records, no role: HSBC, StanChart reject Iran-linked money laundering claim

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Banking & finance

Manulife, HSBC, Barclays lead big finance firms’ AI adoption in Hong Kong

Financial Secretary Paul Chan Mo-po launched an AI+ strategy in this year’s budget speech to promote AI applications in the banking sector.

Financial Secretary Paul Chan Mo-po launched an AI+ strategy in this year’s budget to promote AI applications in the banking sector. Photo: Eugene Lee
Banking & finance

HSBC vows to keep investing in China as new trade growth corridors emerge

HSBC’s CEO said financial institutions needed to ‘keep up’ with the rapid expansion of Chinese companies on their journey to ‘go global’.

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Fintech

Exclusive | HSBC, Standard Chartered tipped to win Hong Kong stablecoin licences in 2 weeks

The approvals would mark a milestone in Hong Kong’s push to regulate stablecoins while positioning itself as a global digital asset centre.

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Banking & finance

HSBC signals intent to join Hong Kong’s stablecoin regime amid digital hub push

Georges Elhedery declined to confirm whether HSBC applied for stablecoin licence but indicated that discussions with regulator were ongoing.

HSBC CEO Georges Elhedery poses for a photograph in Hong Kong on February 26, 2026. Photo: Jonathan Wong
Banking & finance

HSBC to boost spending in Hong Kong, other high-growth markets to US$1.8 billion

HSBC reported a 7 per cent profit drop, but shares rose on its CEO’s comments on higher return goals, steady dividends and new growth plans.

Banking & finance

HSBC suffers temporary system shutdown, stopping services in Hong Kong

The bank’s mobile app and in-person services at several branches were unavailable for up to several hours for some customers during the outage.

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Banking & finance

HSBC reviews Singapore insurance unit amid high Hong Kong, mainland China growth

It ‘makes sense’ for HSBC to focus on ‘core high-growth markets’ that have ‘underpenetrated’ insurance needs, analyst says.

People take photos of the Merlion statue in the Marina Bay area in Singapore on June 30, 2020. Photo: AP Photo
Banking & finance

What does HSBC’s buyout of Hang Seng Bank mean for its future and investors?

HSBC’s historic US$13.6 billion buyout of Hang Seng Bank aims to cut costs, tackle bad debts and fuel growth, but challenges abound.

Illustration by Henry Wong
Banking & finance

Hang Seng Bank shareholders approve HSBC’s US$14 billion buyout plan

HSBC receives strong backing from Hang Seng Bank’s independent shareholders, getting 85.75 per cent of the votes.

Banking & finance

Hang Seng Bank shareholders to vote on HSBC buyout proposal on January 8

Hang Seng Bank’s independent financial adviser recommends that shareholders vote in favour of HSBC’s proposal to privatise the lender.

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Banking & finance

HSBC names veteran accountant Brendan Nelson new chairman amid Asia growth push

Appointment surprises market after HSBC CEO Georges Elhedery earlier said the 75-year-old was not keen on a permanent role.

Brendan Nelson has been serving as interim chairman since October 1. Photo: Handout
Fintech

Hong Kong reaps the fruits of fintech seeds sown nearly 10 years ago

Hong Kong’s rise as a fintech hub is due to the concerted regulatory push, with the city competing with Singapore for regional leadership.

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Illustration by Henry Wong
Hong Kong politics

Beijing’s point man on Hong Kong affairs meets HSBC CEO Georges Elhedery

But Hong Kong and Macau Affairs Office does not reveal what was discussed in meeting between Xia Baolong and HSBC chief in Beijing.

Banking & finance

China-US ties find ‘stable equilibrium’ but tech threats loom: financial leaders

Technological disruptions like unregulated stablecoin issuers pose risks, speakers say at the Global Financial Leaders’ Investment Summit.

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Banking & finance

Exclusive | Property credit quality issues manageable for Hong Kong banks: HKMA’s Eddie Yue

The banking sector next year has more opportunities than challenges, HKMA’s chief executive says.

HKMA chief executive Eddie Yue says Hong Kong’s banking sector has a strong capital ratio and is very profitable. Photo: Edmond So
Hong Kong Monetary Authority (HKMA)

Exclusive | From boardrooms to hiking trails: HKMA courts top bankers with business and leisure

BlackRock’s Larry Fink and General Atlantic’s William Ford will attend the HKMA summit for the first-time.

Banking & finance

HSBC names new CEO of ring-fenced UK division amid biggest overhaul in a decade

David Lindberg, formerly of NatWest Group, will start in December and replace Ian Stuart, who is moving to a new role, according to HSBC.

Fintech

Hong Kong FinTech Week expects investment ‘action’, InvestHK says

The November event, held jointly with the StartmeupHK festival, is expected to attract more than 37,000 attendees and 700 exhibitors.

A scene from Hong Kong FinTech Week 2024. Photo: Matt Haldane
Banking & finance

Li Auto CEO Hong Kong’s highest-paid executive, Webb-site shows

CEO Li Xiang’s US$87.4 million remuneration package Hong Kong’s highest, according to finance activist league table.

Li Xiang, CEO of Li Auto. Photo: Sohu
Banking & finance

Is HSBC’s US$13.6 billion buyout offer good enough for Hang Seng Bank investors?

While the premium for Hang Seng Bank shares is huge, analysts debate if it is a win-win for investors and HSBC’s long-term value.

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Banking & finance

Editorial | Amid property slump, Hang Seng privatisation makes good business sense

The decision to retain Hang Seng as Hongkongers know it ensures the 92-year-old bank does not get swept into the dustbin of history.

Banking & finance

Plan to privatise Hang Seng Bank elicits mixed reactions from customers

Some customers see no reason to worry as long as Hang Seng Bank ‘continues to provide good services’.

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Hang Seng Bank’s headquarters in Central. Photo: Jelly Tse
Banking & finance

HSBC to take Hang Seng Bank private in surprise bid for efficiency

HSBC offers to buy subsidiary Hang Seng Bank’s shares for HK$155 each, according to an exchange filing on Thursday.

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A general view of the headquarters of Hang Seng Bank. Hang Seng is 62.14 per cent owned by HSBC. Photo: Jelly Tse
Banking & finance

HSBC opens wealth centre in ICC, in boost to Hong Kong’s office rental market

Centre is located on the 99th floor of the ICC and it is HSBC’s largest wealth management office globally.

Banking & finance

HSBC sees higher bad debts from Hong Kong’s property slump, tariff-induced pain

HSBC's CEO continues cost-cutting measures and orders all managing directors to work from office for at least four days a week from October 1.

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