Georges Elhedery Wikipedia, Biography, Age, Career, HSBC, Linkedin, Salary, Net Worth

Naijaplaybaze July 22, 2024

Table of Contents

Who is Georges Elhedery?

Georges Elhedery is the newly appointed Group Chief Executive of HSBC Holdings plc, effective from September 2, 2024. He brings extensive experience to the role, having joined HSBC in 2005. Elhedery previously served as Co-CEO of Global Banking & Markets and headed the Markets & Securities Services division. His leadership experience covers key regions, including Asia, the Middle East, and Europe.

Elhedery also held the position of Group Chief Financial Officer since January 2023 and played a pivotal role in driving the bank’s strategic vision and execution. His appointment follows an orderly succession process, and he will succeed Noel Quinn, who stepped down as Group Chief Executive.

Georges Elhedery Age

Georges Elhedery is 50 years old as of 2024.

Georges Elhedery Height

Georges Elhedery stands tall at 6 feet 1 inch.

Georges Elhedery Early Life and Educational Background

Georges Elhedery was born in Lebanon and has made significant contributions to the banking industry. His academic journey led him to Paris, where he attended the prestigious École Polytechnique. There, he studied engineering, honing his analytical and problem-solving skills.

He later obtained a postgraduate degree in statistics and economics from the École Nationale de la Statistique et de l’Administration Économique (ENSAE).

Georges Elhedery Career Journey

Georges Elhedery Wikipedia, Biography

Joining HSBC and Leadership Roles

Elhedery joined HSBC in 2005 and quickly made his mark. He held various leadership positions, including Co-CEO of Global Banking & Markets. Notably, he also led the Markets & Securities Services division, demonstrating his strategic insight and execution capabilities.

CEO of Middle Eastern, North Africa, and Türkiye Region

From July 2016 to February 2019, Elhedery served as CEO for HSBC’s Middle Eastern, North Africa, and Türkiye region. His leadership spanned diverse markets, and he played a pivotal role in driving growth and navigating complex challenges.

Group Chief Financial Officer (CFO)

In January 2023, Elhedery was appointed Group CFO of HSBC Holdings plc. His financial acumen and strategic vision contributed to the bank’s success. As CFO, he also co-chairs the HSBC Holdings ESG Committee, emphasizing sustainability and responsible practices.

Appointment as Group Chief Executive

Fast forward to 2024, and Elhedery takes on a new challenge. He was appointed Group Chief Executive of HSBC, effective from September 2, 2024. His exceptional leadership, international perspectives, and commitment to the bank’s mission set him apart.

Georges Elhedery Salary and Allowance

Georges Elhedery is set to receive a substantial compensation package. Let’s break it down:

Base Salary: Elhedery’s annual base salary is an impressive £1.38 million (approximately $1.8 million).
Fixed Pay Allowance: He will also receive a fixed pay allowance of £1.7 million per annum.
Pension Allowance: Elhedery’s pension allowance amounts to £137,600 per annum, equal to 10% of his base salary.
Additional Incentives: Beyond the fixed components, he will be eligible for an annual award valued at up to 215% of his base salary and a long-term incentive of up to 320% of his base.