AUS
NZ
UK
CA
USA
IND
Highlights
- Shayne Elliott to step down as CEO of ANZ (ANZ) after nine years.
- Nuno Matos, former HSBC executive, appointed as the new CEO effective July 2025.
- Matos brings three decades of global banking experience to ANZ.
ANZ Group (ASX:ANZ) has unveiled a significant leadership transition with the announcement that Shayne Elliott, its longstanding chief executive officer, will step down in mid-2025. After an impressive nine years at the helm, Elliott’s leadership will conclude with the appointment of Nuno Matos as the incoming CEO.
Nuno Matos, currently a senior executive at HSBC, brings a wealth of global banking expertise, having worked across several key markets and roles. He will officially assume the CEO position on July 3, 2025. Matos is noted for his 30 years of extensive experience, particularly his focus on wealth management and retail banking sectors. His tenure at HSBC includes roles such as CEO of Wealth and Personal Banking, CEO of HSBC Bank plc and HSBC Europe, CEO of HSBC Mexico, and Regional Head of Retail Banking in Latin America.
Before HSBC, Matos also contributed to Santander's success, serving as Global Head of Consumer in its Retail and Commercial Division. His diverse and international banking background positions him as a valuable asset to ANZ as it continues to execute its transformation strategy.
ANZ Group Chairman Paul O’Sullivan expressed confidence in Matos’ ability to lead the institution through its next chapter. He highlighted the board's rigorous succession planning process, which included evaluating both internal and external candidates. O’Sullivan emphasized that Matos’ leadership track record, particularly in managing large-scale business and technology transformations, aligns well with ANZ’s current priorities, including the integration of Suncorp Bank customers into ANZ Plus and enhancing the bank's focus on risk management.
Shayne Elliott's departure marks the end of an era for ANZ. Having joined the bank in 2009, Elliott held several senior roles, including Global Managing Director Institutional and Group Chief Financial Officer, before becoming CEO in 2016. Under his leadership, ANZ underwent significant operational and strategic transformations, solidifying its position as one of Australia’s ‘big four’ banks.
This leadership transition underscores ANZ's commitment to innovation and growth. With Nuno Matos set to take the reins, the bank aims to build on its existing momentum and drive forward its vision in the competitive banking landscape.
