ANZ Names Nuno Matos as New CEO After Shayne Elliott's Resignation
The Portuguese executive will take over in July, bringing international expertise to tackle challenges like the Suncorp integration and regulatory scrutiny.
- 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.
The Sydney Morning Herald 
9News 