The board of ANZ Group has appointed Nuno Matos will change into chief govt officer (CEO).
Matos will relocate from Hong Kong to Melbournce and on July 3, 2025, succeeding Shayne Elliott who’s retiring from ANZ after 9 years within the function, in keeping with a December 9 media launch. Matos may even be appointed to the boards of ANZ Group Holdings and Australia and New Zealand Banking Group as an govt director.
Matos has over 30 years’ expertise throughout retail, business and wholesale banking. He was most lately CEO of wealth and private banking at HSBC the place he was chargeable for 87,000 workers serving roughly 40 million prospects throughout 35 markets.
Matos joined HSBC in 2015 from Santander the place he was most lately world head of consumerin its retail and business division. At HSBC, Matos held senior roles together with CEO of HSBC Financial institution and HSBC Europe, the place he oversaw the transformation of its European enterprise. He had beforehand additionally served as CEO Mexico, one in every of HSBC’s largest markets, and regional head of retail banking in Latin America.
He started his profession as an analyst within the banking supervision division of Banco de Portugal. He in markets together with Hong Kong, the UK, the US, Spain, France, Brazil, Mexico and Peru.
Elliott, who will step down as CEO and govt director on July 2, 2025, first joined ANZ in 2009 having additionally served as world managing director institutional and the group’s chief monetary officer.
The Australian financial institution, which has important operations in Asia, has been hit by scandal over the past 12 months round governance and market manipulation involving a A$14 billion ($9 billion) Australian authorities bond sale in April 2023. There may be an ongoing investigation by the Australian Securites and Investments Fee (ASIC).
ANZ group chairman Paul O’Sullivan mentioned: “We’re very happy a world banker of Nuno’s calibre and intensive expertise will probably be becoming a member of ANZ as our new chief govt to guide the execution of our technique.”
O’Sullivan added: “Nuno’s appointment is the fruits of long-term systematic work by the Board on management succession. Having assessed a number of exterior and inside candidates, we all know Nuno is the precise particular person to construct on the transformation already effectively progressed underneath the management of Shayne and his staff”
He continued: “Critically, Nuno has led a number of financial institution enterprise, threat and expertise transformations, which will probably be a major profit as we put together to scale the migration of shoppers, together with these from Suncorp Financial institution, throughout to ANZ Plus in addition to supporting our deal with non-financial threat.T he financial institution is in a robust place and this orderly management transition ensures ANZ will proceed to ship for patrons, shareholders and workers within the years to come back.”
Commenting on Elliott’s contribution, O’Sullivan mentioned: “Shayne led the vital transformation that would be the cornerstone of ANZ’s long run success. He was the primary CEO to establish the necessity for simplification, later changing into a mantra for the {industry}. He rebalanced our portfolio to materially enhance the capital effectivity and focus of the Group whereas additionally making our enterprise much less advanced and safer to handle.”
“Underneath Shayne’s management, ANZ now has one of many world’s main institutional companies, a brand new retail financial institution platform constructed on industry-leading expertise and a tradition focussed on serving to prospects and communities thrive.”
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