Latest news with #NunoMatos
Bloomberg
5 days ago
- Business
- Bloomberg
ANZ CEO Matos Says Bank Needs to Be Leaner, More Productive
ANZ Group Holdings Ltd. Chief Executive Officer Nuno Matos told staff to be more productive and halt work that doesn't support priorities, as he pledged to unveil details of a strategy to turn around the Australian bank in coming months. 'We need to be sharper and leaner, and reduce inefficiencies,' Matos wrote in the memo to employees, marking 100 days since he took the helm. 'The productivity levels and the cost to run our business need to be brought in line with industry standards and shareholders' expectations.'
Mint
5 days ago
- Business
- Mint
ANZ CEO Matos Says Bank Needs to Be Leaner, More Productive
(Bloomberg) -- ANZ Group Holdings Ltd. Chief Executive Officer Nuno Matos told staff to be more productive and halt work that doesn't support priorities, as he pledged to unveil details of a strategy to turn around the Australian bank in coming months. 'We need to be sharper and leaner, and reduce inefficiencies,' Matos wrote in the memo to employees, marking 100 days since he took the helm. 'The productivity levels and the cost to run our business need to be brought in line with industry standards and shareholders' expectations.' That includes 'already stopping work that doesn't support our priorities while also reducing duplication and complexity,' said Matos, a former executive at HSBC Holdings Plc. Matos, who took over from Shayne Elliott atop the Melbourne-based lender in May, has said he is prioritizing a 'high performance, winning culture' as well as seeking improvements in the firm's risk management. A spokesperson for ANZ confirmed the contents of the memo. During his first few months, Matos said he's met with hundreds of customers and key stakeholders including regulators, shareholders, analysts, industry groups and politicians. 'It has become clear that in order to meet our priorities, there are things that need to change,' he said. Elliott was plagued by public scrutiny during his final year as CEO, including an investigation by the Australian securities regulator that remains ongoing into the firm's role in government bond sales. Since Matos arrived, a slew of senior executives have exited the firm, including Maile Carnegie, Gerard Florian and Mark Evans. Matos said the company is conducting a strategic review that includes how ANZ continues to integrate Suncorp Bank and how it grows its ANZ Plus retail platform. He said he'd share more on his strategy in coming months at a firm-wide town hall meeting. 'I acknowledge it is a difficult time for some of our teams,' he wrote. 'I want to reassure you that we are committed to working through any changes as quickly as possible, and with care.' More stories like this are available on
Yahoo
5 days ago
- Business
- Yahoo
ANZ CEO orders strategic review to assess underperforming businesses, cut costs
By Scott Murdoch SYDNEY (Reuters) -ANZ Group Chief Executive Nuno Matos has ordered a strategic review to help boost the bank's financial performance, productivity and to bring down the organisation's costs, according to a note sent to staff on Friday. "For a long time, some parts of our business have not been meeting their potential, particularly in terms of customer and shareholder outcomes and non-financial risk," Matos wrote in the note which was seen by Reuters. "We need to be sharper and leaner, and reduce inefficiencies. The productivity levels and the cost to run our business need to be brought in line with industry standards and shareholders' expectations," it said. The note was sent to staff by Matos to mark his first 100 days as CEO after he replaced long-time boss Shayne Elliott in May. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Reuters
5 days ago
- Business
- Reuters
ANZ CEO orders strategic review to assess underperforming businesses, cut costs
SYDNEY, Aug 8 (Reuters) - ANZ Group ( opens new tab Chief Executive Nuno Matos has ordered a strategic review to help boost the bank's financial performance, productivity and to bring down the organisation's costs, according to a note sent to staff on Friday. "For a long time, some parts of our business have not been meeting their potential, particularly in terms of customer and shareholder outcomes and non-financial risk," Matos wrote in the note which was seen by Reuters. "We need to be sharper and leaner, and reduce inefficiencies. The productivity levels and the cost to run our business need to be brought in line with industry standards and shareholders' expectations," it said. The note was sent to staff by Matos to mark his first 100 days as CEO after he replaced long-time boss Shayne Elliott in May.
Finextra
26-06-2025
- Business
- Finextra
ANZ head of tech to retire
Australian bank ANZ is on the lookout for a new technology head after group executive technology and group services Gerard Florian announced his departure. 0 This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Florian will retire on August 4 to pursue non-executive positions, according to a statement. He joined the bank back in 2017 as tech executive and has overseen the bank's technology strategy ever since. Prior to joining ANZ, Florian had served as an advisior to the group board as part of the bank's International Technology and Digital Business Advisory Panel. His role will be temporarily assumed by chief information officer Michael Bullock until a permanent replacement is installed. 'While I have only worked with [Florian] for a short period of time, he leaves ANZ having driven important changes through the organisation,' said ANZ chief executive Nuno Matos. 'Our customer and banker experience is notably better due to the adoption of cloud services, artificial intelligence and enterprise platforms, championed by [Florian].'
