The Board of ANZ Group today announced that Nuno Matos will become Chief Executive Officer on 3 July 2025, succeeding Shayne Elliott who is retiring from ANZ after nine years in the role.
Mr Matos will also be appointed to the boards of ANZ Group Holdings Limited and Australia and New Zealand Banking Group Limited as an Executive Director.
With more than 30 years’ experience across retail, commercial and wholesale banking, Mr Matos 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.
Mr Matos joined HSBC in 2015 from Santander where he was most recently Global Head of Consumer in its Retail and Commercial Division. At HSBC Mr Matos held senior roles including Chief Executive Officer of HSBC Bank plc 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.
Mr Matos began his career as an analyst in the banking supervision department of Banco de Portugal. He has worked in many different markets including Hong Kong, the United Kingdom, the United States, Spain, France, Brazil, Mexico and Peru.
Mr Elliott, who will step down as Chief Executive Officer and Executive Director on 2 July 2025, first joined ANZ in 2009 having also served as Global Managing Director Institutional and the Group’s Chief Financial Officer.
Mr Matos said:
“I’ve long admired ANZ, particularly under the stewardship of Shayne, and it’s an honour to have been chosen by the Board to lead the next phase of ANZ’s evolution.
The ANZ franchise has a unique competitive position with two scale domestic markets, a leading Institutional banking franchise, and thanks to the work over recent years it now has its two world-class platforms in ANZ Plus and ANZ Transactive. My initial focus will be to build on the work already underway and ensure all our stakeholders get even better value from their relationship with ANZ.”
Mr Elliott said:
“Leading ANZ over the last nine years has been the highlight of my career. I’m proud to be leaving the bank in such a strong position, particularly the work we have done to simplify the business, transforming institutional into one of the world’s best and preparing our retail bank for the future. The recent Suncorp Bank acquisition will also benefit ANZ for years to come”.
