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Mark Di Stefano

ANZ’s Nuno Matos smokes on the First Nations pipe

The bank’s new Indigenous strategy comes after years of charging unknown fees against customers in remote areas.

ANZ’s new CEO Nuno Matos was part of a smoking ceremony outside the bank’s Melbourne office this week marking the release of its “landmark” First Nations strategy. It came after he received a Powhiri – the traditional Maori welcome – on his visit to Auckland last month.

The Portuguese Prince (who’s worked in Peru and Mexico) is apparently very attuned to cultural sensitivities around Indigenous peoples. Both events were naturally marked by social media posts, their virtue signalled and enacted (#purpose #firstnations #banking).

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Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com

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    Original URL: https://www.afr.com/rear-window/anz-s-nuno-matos-smokes-on-the-first-nations-pipe-20250611-p5m6nj