Updated

ANZ investors see new chief executive Nuno Matos as a clean slate

Lucas Baird and James Eyers

Updated Dec 9, 2024 – 4.40pm, first published at 7.53am

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ANZ has picked a new chief executive from outside its ranks, and investors hope the appointment of former HSBC wealth boss Nuno Matos will appease regulators and resolve questions about the culture of the bank.

Mr Matos, 57, was chosen over internal candidates Mark Whelan, who runs ANZ’s institutional bank, and Maile Carnegie, its retail banking chief. The appointment comes at a crucial time for ANZ, as it moves millions of customers on to its new Plus technology platform and integrates the old Suncorp banking business, which it bought for $4.9 billion.

Lucas Baird is a journalist based in The Australian Financial Review's Sydney office.

James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay