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ANZ’s Matos set for gamble that will change banking

The Australian Financial Review (AFR) •
November 09, 2026 • 12:26 AM
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Nuno Matos has won the market over by slashing jobs and simplifying the bank. Now he’s preparing for his big growth play – and it’s a massive roll of the dice.

ANZ’s Matos set for gamble that will change banking

In just 18 months, Nuno Matos has turned ANZ into the most fascinating story in Australian banking. And it’s about to get a hell of a lot more spicy.

Since starting as chief executive in May 2025, Matos has won the respect of the market for a strategy based on derisking the laggard of the top four.

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