Stock

ANZ taps HSBC’s Nuno Matos as new CEO, shares fall

Investing.com– ANZ Group Holdings (ASX:ANZ) said on Monday that Nuno Matos will take over as its new chief executive officer, succeeding Shayne Elliott, who is retiring after nearly a decade at the helm.

The changes will be effective from July 3, 2025.

Matos, 57, was previously CEO of Wealth and Personal Banking at HSBC Holdings (LON:HSBA), where he oversaw operations spanning 35 markets with 87,000 employees. His extensive career includes leadership roles in Europe, Latin America, and Asia, with stints at Santander (LON:BNC) and HSBC.

ANZ shares were down 2.2% in early trade, while Australia’s broader financials sub-index S&P/ASX 200 Financials was down 0.5%

“Critically, Nuno has led several bank business, risk and technology transformations, which will be a significant benefit as we prepare to scale the migration of customers, including those from Suncorp Bank, across to ANZ Plus as well as supporting our focus on non-financial risk,” said ANZ Chairman Paul O’Sullivan.

Elliott, who will step down as CEO July 2, 2025, first joined ANZ in 2009 having also served as global managing director institutional and group’s chief financial officer.

The lender completed the $3.3 billion acquisition of insurer Suncorp’s banking business earlier this year.

This leadership shift comes as ANZ focuses on scaling its digital banking capabilities and enhancing customer experience across its core markets.

This post appeared first on investing.com

You May Also Like

Editor's Pick

Former president Donald Trump and his allies have filed hundreds of lawsuits, with more to come, seeking to tighten voting rules or disqualify voters....

Economy

LONDON (Reuters) – Bank of England interest rate-setter Megan Greene said she still believed the central bank should take a cautious approach to cutting...

Editor's Pick

Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

Latest News

Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for...

Disclaimer: beneficialinvestmentnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 beneficialinvestmentnow.com

Exit mobile version