The Board unanimously concluded that Georges is the outstanding candidate to lead HSBC into its next phase of development and growth." In response to his appointment, Georges Elhedery remarked, "I am deeply honoured by the trust placed in me to lead this esteemed institution into the future. Together with our talented team, I am committed to delivering exceptional value to our clients and investors by fostering robust performance and sustainable growth." Georges Elhedery joined HSBC in 2005 and has held various high-profile international positions over his distinguished career. He will succeed Noel Quinn, who will retire on 2 September 2024. To ensure a seamless transition, Elhedery and Quinn will collaborate closely to facilitate an orderly transfer of responsibilities. This transition marks a pivotal moment for HSBC as it continues to evolve and adapt within the global financial landscape. Under Elhedery's leadership, the institution is poised to further strengthen its position and drive continued success.