ANZ

ANZ taps HSBC's Nuno Matos as new CEO, shares fall

investing.com 08/12/2024 - 23:48 PM

ANZ Group Holdings Announces New CEO

Investing.com — ANZ Group Holdings (ASX:ANZ) has announced that Nuno Matos will be the new Chief Executive Officer, succeeding Shayne Elliott, who will retire after nearly a decade in the role.

The transition will take effect on July 3, 2025.

Matos, aged 57, previously served as CEO of Wealth and Personal Banking at HSBC Holdings (LON:HSBA), where he managed operations across 35 markets with 87,000 employees. His career includes leadership positions in Europe, Latin America, and Asia, including roles at Santander (LON:BNC) and HSBC.

ANZ shares fell 2.2% in early trading, while the broader S&P/ASX 200 Financials index declined by 0.5%.

ANZ Chairman Paul O'Sullivan remarked, "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."

Elliott, who will exit the CEO position on July 2, 2025, joined ANZ in 2009 and has previously held the roles of global managing director institutional and group’s chief financial officer.

Earlier this year, the bank completed the $3.3 billion acquisition of Suncorp's banking business. This leadership change aligns with ANZ's strategy to enhance digital banking capabilities and improve customer experience in its key markets.




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