Investing.com– ANZ Group Holdings (ASX:) stated on Monday that Nuno Matos will take over as its new chief government officer, succeeding Shayne Elliott, who’s retiring after practically a decade on the helm.
The adjustments will likely be efficient from July 3, 2025.
Matos, 57, was beforehand CEO of Wealth and Private Banking at HSBC Holdings (LON:), the place he oversaw operations spanning 35 markets with 87,000 staff. His intensive profession contains management roles in Europe, Latin America, and Asia, with stints at Santander (LON:) and HSBC.
ANZ shares have been down 2.2% in early commerce, whereas Australia’s broader financials sub-index was down 0.5%
“Critically, Nuno has led a number of financial institution enterprise, danger and expertise transformations, which will likely be a big 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 danger,” stated ANZ Chairman Paul O’Sullivan.
Elliott, who will step down as CEO July 2, 2025, first joined ANZ in 2009 having additionally served as international managing director institutional and group’s chief monetary officer.
The lender accomplished the $3.3 billion acquisition of insurer Suncorp’s banking enterprise earlier this yr.
This management shift comes as ANZ focuses on scaling its digital banking capabilities and enhancing buyer expertise throughout its core markets.
