ANZ Group Holdings Ltd.’s new chief executive officer will face a long list of challenges when he takes up his role at Australia’s second-largest lender by assets next July.

The succession means three of the country’s four major banks will have appointed new chief executives this year. The Portuguese banker will start on July 3.

ANZ Group has appointed Nuno Matos as its chief executive, replacing Shayne Elliott who is set to retire in July 2025 after nine years in the role, the Australian lender said on Monday. "Critically, Nuno has led several bank business,

Matos will relocate from Hong Kong to Melbourne and replace outgoing CEO Shayne Elliot in July 2025.

ANZ Chairman Paul O’Sullivan has announced Nuno Matos (pictured above left) as the bank’s new CEO. Matos will succeed Shayne Elliott (pictured above right) in July 2025. Matos, a seasoned banker with over three decades of global experience, has led retail, wholesale, and commercial operations across multiple markets.

Spare a thought for Nuno Matos. Right after ANZ revealed on Monday that it had hired HSBC's former global head of wealth and personal banking division as its next CEO, shareholders wiped 3% off the stock of Australia's second-largest lender by assets.

International banker Nunos Matos has been named as the new CEO of ANZ. Here's how much he will earn in the top job.

He’s mad about sports, including tennis and legend Rafael Nadal, but when it comes to the high-octane world of banking incoming ANZ chief executive Nuno Matos is described as a keen adopter of technology and “very focused”.

By Scott Murdoch and Himanshi Akhand SYDNEY (Reuters) -Australian lender ANZ Group said on Monday it had appointed former HSBC executive Nuno Matos as its next CEO, replacing Shayne Elliott, who is set to retire in July 2025 after nine years in the role.