ANZ CEO Nuno Matos Apologizes for Bank's Failings, Promises Culture and Governance Overhaul
ByAinvest
Tuesday, Nov 18, 2025 6:16 pm ET1min read
ANZ Group Holdings CEO Nuno Matos apologized for past failings, including misconduct in retail and institutional divisions, and a $156 million fine. He has implemented changes, cut 3,500 jobs, and appointed new senior managers. Matos is focusing on improving culture and governance, with quarterly updates on progress. He has also reduced costs and set return on equity targets.
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