SYDNEY: The ANZ Group Board has announced that Nuno Matos will take over as Chief Executive Officer on July 3, 2025, succeeding Shayne Elliott, who is retiring after nine years in the role. Matos will also join the boards of ANZ Group Holdings Limited and Australia and New Zealand Banking Group Limited as an Executive Director.

ANZ Group Chairman Paul O’Sullivan expressed his enthusiasm for Matos’s appointment, highlighting his extensive experience and international banking expertise. Matos, 57, brings over 30 years of experience in retail, commercial, and wholesale banking. He was most recently the CEO of Wealth and Personal Banking at HSBC, overseeing 87,000 employees and serving approximately 40 million customers across 35 markets.

Matos’s career includes significant roles at HSBC, such as CEO of HSBC Bank plc and HSBC Europe, and CEO of HSBC Mexico. He has also held senior positions at Santander and began his career at Banco de Portugal. His global experience spans markets including Hong Kong, the UK, the US, Spain, France, Brazil, Mexico, and Peru.

Elliott, who will step down on July 2, 2025, joined ANZ in 2009 and has served as Global Managing Director Institutional and Chief Financial Officer. O’Sullivan praised Elliott’s leadership, noting his role in transforming ANZ into a simpler, more efficient, and safer organization. Under Elliott’s leadership, ANZ developed a leading institutional business and a new retail bank platform.

Matos expressed his admiration for ANZ and his excitement to lead the next phase of its evolution. He emphasized the bank’s unique competitive position and his commitment to building on the work already underway to deliver even greater value to stakeholders.

O’Sullivan acknowledged Elliott’s contributions, particularly his focus on simplification and transformation, which have set ANZ on a path to long-term success. Elliott expressed pride in his tenure and confidence in ANZ’s future under Matos’s leadership.