Nuno Matos Named ANZ CEO, Succeeds Shayne Elliott

ANZ Group has appointed Nuno Matos as its new CEO, set to take effect on July 3, 2025, succeeding Shayne Elliott, who is retiring after nine years. Matos, who previously led HSBC's Wealth and Personal Banking division, will relocate from Hong Kong to Melbourne and will receive an annual fixed remuneration of $2.5 million, along with potential bonuses. His appointment comes as ANZ faces scrutiny over a bond trading scandal that is currently under investigation by the Australian Securities and Investments Commission. Matos expressed admiration for ANZ's achievements under Elliott and aims to build on the ongoing transformation of the bank. Elliott's tenure included significant acquisitions and efforts to simplify the business, although his final years were impacted by the trading controversy. Matos brings extensive international banking experience, having worked in various global markets throughout his career.