Australian banking giant ANZ has hired a former HSBC executive as its new CEO, succeeding Shayne Elliott.

ANZ has appointed Nuno Matos as chief executive officer, according to a statement, effective 3 July 2025. He will also join the boards of ANZ Group Holdings and Australia and New Zealand Banking Group as an executive director.

Matos, 57, has more than 30 years of experience in retail, commercial and wholesale banking across Hong Kong, UK, US, Spain, France, Brazil, Mexico and Peru. He worked at HSBC for nine years and was most recently CEO of wealth and personal banking before exiting the British lender in the midst of a major reorganization. Prior to his latest role, he was also CEO of HSBC’s UK, Europe and Mexico units.

9-Year Run

Matos succeeds Shayne Elliott who is retiring from ANZ on 2 July 2025 after nine years as its CEO. Elliot first joined ANZ in 2009 and also previously served as the Australian lender’s global managing director institutional and group chief financial officer.

«I’ve long admired ANZ, particularly under the stewardship of Shayne, and it’s an honor to have been chosen by the Board to lead the next phase of ANZ’s evolution,» Matos commented.

«The ANZ franchise has a unique competitive position with two scale domestic markets, a leading Institutional banking franchise, and thanks to the work over recent years it now has its two world-class platforms in ANZ Plus and ANZ Transactive. 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.»

Suncorp Merger

Matos joins ANZ as it undergoes a merger following a A$4.9 billion ($3.1 billion) acquisition of Australian rival Suncorp Bank.

«Nuno’s appointment is the culmination of long-term systematic work by the Board on leadership succession. Having assessed multiple external and internal candidates, we know Nuno is the right person to build on the transformation already well progressed under the leadership of Shayne and his team,» said ANZ chairman Paul O’Sullivan.

«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.»