ANZ Chairman Paul O’Sullivan has announced Nuno Matos (pictured above left) as the bank’s new CEO. Matos will succeed Shayne Elliott (pictured above right) in July 2025.
Matos, a seasoned banker with over three decades of global experience, has led retail, wholesale, and commercial operations across multiple markets.
Speaking to bluenotes, O’Sullivan emphasised Matos’ leadership skills and ability to deliver complex banking projects, making him an ideal fit for ANZ.
“He’s worked in over nine markets. Although he’s not Australian, he’ll be coming to Australia with a track record of successfully adopting different countries,” O’Sullivan said.
Portuguese-born Matos brings extensive expertise to ANZ. Most recently, he served as CEO of wealth and personal banking at HSBC in Hong Kong. His ability to manage large-scale bank integrations and migrations aligns well with ANZ’s evolving strategy.
“What attracted us to Nuno was his retail and wholesale banking experience, and the fact that he’s been deeply involved in bank integrations and migrations, which are critical to our success,” O’Sullivan said.
Matos will take over during a period of strength for ANZ, which recently reported its second-highest revenue and a thriving institutional banking division.
O’Sullivan credited Elliott’s leadership for transforming the bank’s culture, operations, and technology.
Matos expressed gratitude and enthusiasm for his appointment, calling it a dream come true. He vowed to “double down on ANZ’s strengths,” particularly its enhanced retail and institutional offerings.
“ANZ’s simplified structure and world-class tools, such as ANZ Plus and Transactive Global, are the right strategy,” Matos said.
Reflecting on his career and personal journey, Matos highlighted his multicultural background, calling his family the “United Nations at home,” with ties to India, Mozambique, Portugal, and Peru.
Shayne Elliott, who will retire next year, has overseen significant milestones, including the Suncorp Bank acquisition and a streamlined, purpose-led strategy.
“What a great legacy and what a great starting point for us today for the next lap,” O’Sullivan said.
Matos will officially assume the CEO role on July 3.
Get the hottest and freshest mortgage news delivered right into your inbox. Subscribe now to our FREE daily newsletter.
