Australian banking giant ANZ has announced Nuno Matos as its new Chief Executive Officer, effective July 3, 2025. Matos, a seasoned executive with over three decades of experience in global banking, will succeed Shayne Elliott, who retires after a transformative nine-year tenure.
Matos, 57, brings a wealth of international expertise, having held leadership roles at HSBC across markets like Hong Kong, the UK, US, Brazil, and Mexico. Most recently, he served as CEO of Wealth and Personal Banking at HSBC, where he led significant transformations during his tenure. He also headed HSBC’s UK, Europe, and Mexico divisions, showcasing his ability to navigate complex markets and drive growth.
In his first remarks, Matos expressed admiration for ANZ’s accomplishments under Elliott’s leadership and outlined his commitment to building on that foundation:
“The ANZ franchise has a unique competitive position with two scale domestic markets and a leading institutional banking franchise. My initial focus will be to build on the work already underway and deliver even greater value to all our stakeholders.”
His appointment comes at a pivotal moment as ANZ integrates its A$4.9 billion ($3.1 billion) acquisition of Suncorp Bank, a strategic move to strengthen its competitive positioning in Australia’s financial landscape.
ANZ’s Chairman, Paul O’Sullivan, emphasized the meticulous process behind Matos’s selection:
“Nuno’s appointment is the culmination of long-term systematic work by the Board on leadership succession. His experience in leading major transformations will be invaluable as we scale the integration of Suncorp Bank and focus on strengthening ANZ’s platforms.”
Elliott leaves behind a legacy of innovation and resilience. During his tenure, ANZ achieved significant milestones, including the development of digital platforms ANZ Plus and ANZ Transactive, which Matos aims to further advance.
Matos’s expertise in managing risk, technology, and customer-focused transformations aligns with ANZ’s evolving priorities, particularly as the bank migrates Suncorp customers to its digital platforms. This strategic shift underscores ANZ’s commitment to modernizing banking services and enhancing customer experiences.
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