Business
HSBC’s Incoming CEO Georges Elhedery Revamps Senior Management for Digital and Wealth Expansion: Former Citigroup Banker to Head New Tech Role
Georges Elhedery, the incoming CEO of HSBC, is making significant changes to the senior management team to strengthen the bank's digital and wealth operations. Starting on Monday, Elhedery is introducing a new role of group-level information officer and appointing a new CEO for the global wealth and personal banking division.
As the incoming CEO readies to assume his role next week, HSBC is initiating alterations in its top-tier management to gear up the corporation for the ensuing progression and expansion. This includes the establishment of a new senior position focused on digital and technological advancement.
The division has created a fresh position known as group chief information officer (GCIO), which will be filled by Stuart Riley, a former Citigroup banker. His main responsibilities will include overseeing data and driving innovation.
Ever since Riley became a member of the team in February, he has significantly influenced the group in a positive manner. His skills, enthusiasm and principles have proven him to be the perfect fit for guiding HSBC's technology departments in achieving their tech-oriented goals, according to the biggest bank in Hong Kong.
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