ANZ Group Holdings said HSBC Holdings executive Nuno Matos would replace Shayne Elliott as Chief Executive Officer of ANZ on 3 July 2025.
ANZ (ASX: ANZ) said Matos would also be appointed to the boards of ANZ Group Holdings Limited and Australia and New Zealand Banking Group Limited as an Executive Director following Elliott’s retirement.
Group Chairman Paul O’Sullivan said ANZ assessed multiple external and internal candidates but believed Matos was the right person to build on the transformation which was well progressed under Elliott, who had become CEO in 2016.
He said Matos had led bank business, risk and technology transformations, which would be a significant benefit as ANZ prepared to scale the migration of customers including those from Suncorp Bank to its digital banking platform ANZ Plus.
“We are very pleased an international banker of Nuno’s calibre and extensive experience will be joining ANZ as our new Chief Executive to lead the execution of our strategy, ” O’Sullivan said in an ASX announcement.
Matos, 57, has more than 30 years’ experience in retail, commercial and wholesale banking and was responsible for 87,000 employees serving 40 million customers in 35 markets in his last role as CEO of Wealth and Personal Banking at HSBC (LON: HSBA).
He has worked in markets including Hong Kong, the United Kingdom, the United States, Spain, France, Brazil, Mexico and Peru after starting his career as an analyst at Banco de Portugal.
Matos said: “My initial focus will be to build on the work already underway and ensure all our stakeholders get even better value from their relationship with ANZ.”
Elliott said: “I’m proud to be leaving the bank in such a strong position, particularly the work we have done to simplify the business, transforming institutional into one of the world’s best and preparing our retail bank for the future.”
ANZ shares had closed at A$31.15 on Friday, valuing the smallest of Australia’s Big Four banks at $92.6 billion.
