Who is new ANZ boss Nuno Matos?

Former HSBC super banker Nuno Matos will succeed Shayne Elliott as the new chief executive of ANZ — Australia’s No. 3 lender — in the middle of next year.

Mr Matos, who stepped down as the head of HSBC’s wealth and personal banking business in October, will make the move to Melbourne with his family from Hong Kong and will start in the job from July 3, 2025.

Two other top lenders also recently appointed new CEOs, with Andrew Irvine taking the helm at National Australia Bank and Anthony Miller at Westpac.

Mr Matos will start on a fixed annual salary of $2.5 million, plus short and long-term bonuses.

The 57-year-old joined HSBC in 2015 from Santander. He held senior roles including chief executive of HSBC Bank and HSBC Europe, where he oversaw the transformation of the business.

He had previously also served as CEO in Mexico, one of HSBC’s largest markets, and regional head of retail banking in Latin America.

Mr Matos began his career as an analyst in the banking supervision department of Banco de Portugal.

“I’ve long admired ANZ, particularly under the stewardship of Shayne, and it’s an honour to have been chosen by the board to lead the next phase of ANZ’s evolution,” he said.

“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 under way and ensure all our stakeholders get even better value from their relationship with ANZ.”

It is understood Mr Matos had been among the contenders to become HSBC’s global chief executive but lost out to Georges Elhedery in September.

He was also linked to the top job at Westpac before the big four bank chose Mr Miller from within its ranks.

Nonetheless, his impressive career has taken him around the globe:

HSBC

• 2021 – 2024: Chief executive, wealth and personal banking
• 2020 – 2021: Chief executive, HSBC Bank and Europe
• 2015 – 2020: Chief executive, HSBC Mexico
• 2015 – 2017: Head of consumer banking and wealth management for Latin America
• 2015 – 2015: Global head of small business banking

Santander

• 2014 – 2015: Global head of consumer
• 2009 – 2014: Head of retail banking and business banking (Santander US)
• 2005 – 2009: Head of cards and acquiring (Brazil)
• 2002 – 2005: Controller for global banking and markets and commercial banking (Brazil)
• 2000 – 2002: Head of operations and MIS – Treasury Europe
• 1998 – 1999: Controller – Santander Investment Peru
• 1994 – 1997: Head of finance and risk – Santander Investment Portugal

Universidade Catolica Portuguesa

• 1994 – 1997: University teacher, financial Institutions Management

Banco de Portugal (Central Bank of Portugal)

• 1990 – 1994: Supervisor Analyst – Banking Supervision Department