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ANZ’s Matos era to begin with a letter from Elliott

When the bank’s new boss opens the top drawer of his desk on Monday morning, he’ll find a letter from his predecessor, before starting meetings and visits.

James Eyers

When Nuno Matos, ANZ’s new chief executive, takes a seat at his desk on Monday morning, in his new office on the 10th floor of the bank’s Melbourne Docklands HQ, and opens the top drawer, he’ll find a letter from Shayne Elliott.

Reading it – and perhaps glancing out his window to the banks of the Yarra River, and Port Phillip Bay in the distance, to reflect on the messages – Elliott hopes Matos, unfamiliar with the peculiarities of Australian banking, will see his arrival in its historical context.

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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 Connect with James on Twitter. Email James at jeyers@afr.com.au

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    Original URL: https://www.afr.com/companies/financial-services/anz-s-matos-era-to-begin-with-a-letter-from-elliott-20250509-p5lxyk