At least 10 ANZ senior bankers in Hong Kong, Singapore and Australia to exit in revamp
At the core of CEO Nuno Matos' restructuring efforts is a plan to slash around 3,500 employees.
Ten senior bankers from ANZ Group Holdings are set to leave the company by October as part of a revamp under new CEO Nuno Matos, according to insiders and an internal memo. Two of the departing executives, John Corrin and Andrew Harward, have spent over 16 years at the bank and will bid farewell on October 1. Executives Ian Mathews and David Roberts, who have been with ANZ for nearly 30 and 15 years respectively, will also be leaving their positions.
In addition to individual departures, ANZ will discontinue its ESG origination and independent financial advisory function, prompting the departure of its executive team. CEO Matos has initiated a restructuring plan aiming to reduce the workforce by around 3,500 employees and reorganize the executive leadership team, representing about 8% of the company's 42,000-strong workforce.
The job cuts are expected to conclude by the end of June. Matos, who has overseen the revamp since May 2025, recently reported first-half profits surpassing analysts' estimates, indicating signs of improvement after the bank's overhaul. ANZ is also creating a new business unit to merge its corporate finance, research & analysis, and capital management teams, with former chief risk officer Kevin Corbally appointed to lead it.
Written by urgent.news from Straits Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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