Current Affairs - Awards and Honours - Discussion

On July 17, 2024, HSBC Holdings Plc appointed Georges Elhedery as its new CEO. Elhedery, previously HSBC’s Chief Financial Officer, was chosen to lead the bank as it transitions from a period of restructuring to a focus on growth. His appointment marks HSBC's third chief executive in less than eight years and reflects the bank’s preference for internal candidates. Elhedery's extensive experience with HSBC, including roles in the Middle East and North Africa and as CFO, made him a suitable choice for continuing the bank's strategic direction.