The board of ANZ Group has appointed Nuno Matos will become chief executive officer (CEO).
Matos will relocate from Hong Kong to Melbournce and on July 3, 2025, succeeding Shayne Elliott who is retiring from ANZ after nine years in the role, according to a December 9 media release. Matos will also be appointed to the boards of ANZ Group Holdings and Australia and New Zealand Banking Group as an executive director.
Matos has over 30 years’ experience across retail, commercial and wholesale banking. He was most recently CEO of wealth and personal banking at HSBC where he was responsible for 87,000 employees serving approximately 40 million customers across 35 markets.
Matos joined HSBC in 2015 from Santander where he was most recently global head of consumerin its retail and commercial division. At HSBC, Matos held senior roles including CEO of HSBC Bank and HSBC Europe, where he oversaw the transformation of its European business. He had previously also served as CEO Mexico, one of HSBC’s largest markets, and regional head of retail banking in Latin America.
He began his career as an analyst in the banking supervision department of Banco de Portugal. He in markets including Hong Kong, the UK, the US, Spain, France, Brazil, Mexico and Peru.
Elliott, who will step down as CEO and executive director on July 2, 2025, first joined ANZ in 2009 having also served as global managing director institutional and the group’s chief financial officer.
The Australian bank, which has significant operations in Asia, has been hit by scandal over the last 12 months around governance and market manipulation involving a A$14 billion ($9 billion) Australian government bond sale in April 2023. There is an ongoing investigation by the Australian Securites and Investments Commission (ASIC).
ANZ group chairman Paul O’Sullivan said: “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 added: “Nuno’s appointment is the culmination of long-term systematic work by the Board on leadership succession. Having assessed multiple external and internal candidates, we know Nuno is the right person to build on the transformation already well progressed under the leadership of Shayne and his team”
He continued: “Critically, Nuno has led several bank business, risk and technology transformations, which will be a significant benefit as we prepare to scale the migration of customers, including those from Suncorp Bank, across to ANZ Plus as well as supporting our focus on non-financial risk.T he bank is in a strong position and this orderly leadership transition ensures ANZ will continue to deliver for customers, shareholders and staff in the years to come.”
Commenting on Elliott’s contribution, O’Sullivan said: “Shayne led the critical transformation that will be the cornerstone of ANZ’s long term success. He was the first CEO to identify the need for simplification, later becoming a mantra for the industry. He rebalanced our portfolio to materially improve the capital efficiency and focus of the Group while also making our business less complex and safer to manage.”
“Under Shayne’s leadership, ANZ now has one of the world’s leading institutional businesses, a new retail bank platform built on industry-leading technology and a culture focussed on helping customers and communities thrive.”
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