 And Nathan, a changing of the guard at HSBC. The bank is named George El-Hedery, its next chief executive officer. This continues the lender's tradition of picking insiders to run the bank. The 50-year-old is currently HSBC's CFO. El-Hedery will take over as CEO in September. He replaces Noel Quinn, who in April announced his surprise decision to retire from HSBC after a more than three-decade career.