Veteran international banker to succeed Shayne Elliott in July 2025
ANZ Group has announced the appointment of Nuno Matos (pictured above) as chief executive officer, effective July 3, 2025.
Matos, who brings more than 30 years of banking experience, will also join the boards of ANZ Group Holdings and Australia and New Zealand Banking Group as an executive director. He will succeed incumbent CEO Shayne Elliott, who is retiring after nine years in the role.
Matos most recently served as CEO of wealth and personal banking at HSBC, overseeing 87,000 employees and approximately 40 million customers across 35 markets. Before joining HSBC in 2015, he held leadership roles at Santander, including global head of consumer in its retail and commercial division. His career also includes stints as CEO of HSBC Bank and HSBC Europe, as well as CEO of HSBC Mexico.
Matos began his career as a banking analyst at Banco de Portugal and has worked in various global markets, including Hong Kong, UK, US, Spain, France, Brazil, Mexico, and Peru.
“We are very pleased an international banker of Nuno’s calibre and extensive experience will be joining ANZ as our new chief executive to lead the execution of our strategy,” said ANZ Group chairman Paul O’Sullivan.
Elliott, who will step down on July 2, 2025, first joined ANZ in 2009 and served in several key roles, including group chief financial officer and global managing director for institutional banking. O’Sullivan credited Elliott with steering the bank through significant transformation.
“Shayne led the critical transformation that will be the cornerstone of ANZ’s long-term success,” he said. “Under his leadership, the bank has simplified its business, improved capital efficiency, and strengthened its institutional and retail platforms.”
The appointment of Matos, according to O’Sullivan, follows a thorough succession planning process.
“Nuno has led multiple business, risk, and technology transformations, which will be critical as ANZ scales the migration of customers, including those from Suncorp Bank, to ANZ Plus,” he said.
Matos expressed his enthusiasm for his new role, saying he has long admired ANZ, particularly under Elliott’s stewardship.
“The bank has a unique competitive position with its two scale domestic markets, a leading institutional banking franchise, and world-class platforms in ANZ Plus and ANZ Transactive,” Matos said. “My focus will be on building on the work already underway to deliver even greater value for all stakeholders.”
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