Business
HSBC’s Incoming CEO, Georges Elhedery, Revamps Senior Management for Digital and Wealth Business Expansion
HSBC's incoming CEO Georges Elhedery is making significant changes to the senior team in order to strengthen the digital and wealth sectors. Elhedery, commencing his role on Monday, is establishing a position for a group-level information officer and appointing a fresh CEO for the global wealth and personal banking divisions.
As the incoming CEO gets ready to assume his role next week, HSBC is altering its top-tier management structure to set the stage for the bank's future development and expansion. This includes the creation of a new, senior role specifically for digital and technological advancement.
The division creates a fresh position known as group chief information officer (GCIO), which will be filled by ex-Citigroup banker Stuart Riley. He will be responsible for guiding data and innovation.
Ever since his inclusion in the team in February, Riley has made a significant and constructive influence, showcasing the necessary skills, vigor, and principles to steer HSBC's tech squads towards achieving our technology goals, according to the leading bank in Hong Kong.
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