Shayne Elliott: ANZ chief executive steps down, Nuno Matos named as replacement

Shayne Elliott, the chief executive of Australia and New Zealand Bank has resigned after nine years in his role.

The chief executive joined ANZ in 2009 and has worked as a global managing director and chief financial officer before his appointment as chief executive in 2015.

“Leading ANZ over the last nine years has been the highlight of my career,” Mr Elliot said.

“I’m proud to be leaving the bank in such a strong position, particularly the work we have done to simplify the business, transforming institutional into one of the world’s best and preparing our retail bank for the future.

“The recent Suncorp Bank acquisition will also benefit ANZ for years to come.”

The integration and implementation of the $4.9 billion Suncorp deal will now sit with an international senior banker brought in to take the helm of then bank.

ANZ announced on Monday that Nuno Matos will take the role of chief executive from July 3, 2025.

Mr Matos has worked across retail, commercial and wholesale banking for over 30 years, most recently as chief executive of wealth and personal banking at HSBC.

In that role, he oversaw 87,000 employees who served around 40 million customers across 35 markets.

Mr Matos said: “I’ve long admired ANZ, particularly under the stewardship of Shayne, and it’s an honour to have been chosen by the Board to lead the next phase of ANZ’s evolution.

“My initial focus will be to build on the work already underway and ensure all our stakeholders get even better value from their relationship with ANZ.”

More to come...