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ANZ Bank names Nuno Matos as new CEO, succeeding Shayne Elliott, amid investor concerns.
ANZ Bank has appointed Nuno Matos as its new CEO, succeeding Shayne Elliott, who will retire in July.
Matos, formerly the CEO of Wealth and Personal Banking at HSBC, has over 30 years of banking experience.
His appointment has sparked concerns among investors due to its unconventional nature.
ANZ's stock dropped 1.5% following the announcement.
Matos will oversee the integration of ANZ's recent $4.9 billion Suncorp Bank acquisition.
ANZ Chair Paul O'Sullivan praised Matos' leadership and transformation experience, stating he is the right person to continue the bank's growth.