Nuno Matos to Replace Shayne Elliott as ANZ CEO

ANZ has revealed its next CEO, with Nuno Matos set to assume the position on July 3, 2025, following the retirement of Shayne Elliott. Alongside his new role, Matos will 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 stated that the board was highly impressed by Matos’s credentials and extensive international banking experience. O’Sullivan emphasized the significance of Matos’s appointment in leading the next phase of ANZ’s strategic execution.

Bringing over 30 years of expertise in the banking industry, Matos most recently served as CEO of Wealth and Personal Banking at HSBC, where he managed a workforce of 87,000 and a customer base of approximately 40 million. His leadership experience, particularly in transforming business, risk, and technology functions, aligns closely with ANZ’s evolving priorities, including the integration of customers from Suncorp Bank into ANZ Plus.

Matos will succeed Elliott, who has been with ANZ since 2009 in various roles, including global managing director institutional and chief financial officer. Elliott is credited with driving substantial growth and transformation at the bank during his tenure. O’Sullivan highlighted Elliott’s focus on simplifying operations, enhancing capital efficiency, and embedding a purpose-driven strategy that has set ANZ on a path to long-term success.

Elliott expressed pride in his contributions, noting the institution’s strengthened position, the successful acquisition of Suncorp Bank, and advancements in retail and institutional banking platforms. He emphasized his commitment to continuing the bank’s strategic momentum until his departure in July 2025.

Reflecting on his appointment, Matos described the opportunity as an honor and expressed admiration for ANZ’s achievements under Elliott’s leadership. He outlined his initial focus on building upon the bank’s existing strengths, particularly leveraging its two flagship platforms, ANZ Plus and ANZ Transactive, to create greater value for stakeholders.

O’Sullivan described the transition as a result of a long-term succession plan that considered both internal and external candidates. He expressed confidence in Matos’s ability to sustain ANZ’s progress and further its transformation efforts.

As Elliott prepares to step down, his legacy of innovation, customer focus, and operational efficiency will leave a lasting impact on ANZ’s trajectory, shaping its future for years to come.

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