‘I was very confident’: Meet Nuno Matos, ANZ’s Mr Fix It
After getting the US Justice Department off HSBC’s back, the Lisbon-born banker wants to take the smallest of Australia’s big four banks to “a different level”.
Three years after HSBC was hit with a $US1.9 billion fine by the US Justice Department for helping drug gangs including the Sinaloa Cartel to launder hundreds of millions of dollars, Nuno Matos was sent to Mexico to clean up the scandal once and for all.
HSBC’s regulatory rap sheet also included infractions for banking Russian gangsters, moving funds for those linked to terrorist groups Al-Qaeda and Hezbollah, and helping countries like Iran, Sudan and North Korea evade sanctions.
James EyersSenior ReporterJames 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
