Shayne Elliott to step down at ANZ, HSBC exec named as new CEO

ANZ (ASX:ANZ) has announced its chief executive officer Shayne Elliott will be stepping down after nine years, to be replaced by former HSBC executive Nuno Matos.

Mr Matos – who will take over the role of CEO on July 3, 2025 – comes to the role with 30 years of experience across multiple sectors of banking, most recently as HSBC’s CEO of Wealth and Personal Banking.

He spent nine years at the latter global bank, holding roles such as Chief Executive Officer of HSBC Bank plc and HSBC Europe, as well as CEO Mexico (one of HSBC’s biggest markets) and Regional Head of Retail Banking in Latin America.

Mr Nunos has also worked at Santander, where he was Global Head of Consumer in its Retail and Commercial Division.

ANZ Group chairman Paul O’Sullivan said he believed this appointment would be an important step for the ‘big four’ bank going forward.

“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,” he said.

“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.”

“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.”

Mr Elliott first joined ANZ in 2009 having also served as Global Managing Director Institutional and the Group’s Chief Financial Officer.

ANZ has been trading at $31.15 this morning.

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