Overview
When the tough-talking Nuno Matos took over as ANZ’s chief executive last year, the drastic downsizing he undertook of the bank stunned staff, investors and analysts.
The former HSBC executive announced he would implement a strategy, known as ANZ 2030, which included slashing 3500 jobs. He wanted to simplify the bank, cut duplication, accelerate the integration of Suncorp Bank, improve ANZ’s technology and non-financial risk management, and build a new leadership team.
Source: https://www.afr.com/companies/financial-services/anz-first-quarter-profit-lifts-6pc-to-1-94b-driven-by-cost-cutting-20260212-p5o1ll