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Georges Elhedery

Group Chief Executive (Group CEO), Hsbc

Search every verified Georges Elhedery interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Georges Elhedery, Group Chief Executive of HSBC, discussed the bank's use of artificial intelligence and its financial performance in recent interviews. In a September 2026 conversation with CNBC-TV18, Elhedery said HSBC had spent two years working to "kill complexity" and that AI productivity gains had freed up resources for capability development. He stated that AI would transform roles, with some disappearing, some reshaping, and some being created, and noted that 200,000 colleagues have access to AI tools. Elhedery also described India's stability and growth rates as "very reassuring" and expressed pride in HSBC's mobilization of $6.1 billion in FCNR(B) deposits. He said he expects a number of interest rate hikes over the next six months. In an August 2026 appearance on Bloomberg Daybreak Europe, Elhedery commented on HSBC's second-quarter results, which showed pretax profit of $10.1 billion and a fresh stock buyback of up to $1 billion. He said the bank was seeing AI benefits, citing areas of productivity up to 400% higher and more than twofold gains in hyper-personalized wealth services. He also said the bank was executing more than 20% of its plan, with leadership across infrastructure and manufacturing areas to create alignment and synergies.

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