Overview

• Shayne Elliott announced his resignation after nine years as ANZ CEO, with his tenure marked by the Suncorp acquisition and a government bond trading scandal.
• Nuno Matos, previously CEO of Wealth and Personal Banking at HSBC, will relocate from Hong Kong to Melbourne to assume the role in July 2025.
• Matos brings 30 years of global banking experience but faces challenges in navigating Australia's competitive banking market and regulatory environment.
• ANZ's board bypassed internal candidates, including Mark Whelan, citing Matos' international expertise as critical for the bank's evolving strategy.
• Key priorities for Matos include integrating Suncorp Bank, expanding ANZ's digital platform, and addressing ongoing regulatory investigations into the bank's trading practices.