HSBC Names Third CEO in Less Than Eight Years
HSBC has announced that its Chief Financial Officer, Georges Elhedery, will take over as CEO, making him the bank’s third chief executive in less than eight years. Elhedery, a 50-year-old Lebanon-born finance executive, will replace Noel Quinn starting September 2. The decision, revealed on Wednesday, comes after the 160-year-old banking giant evaluated external candidates but…