{
  "id": 9734027,
  "title": "ANZ bankers in Hong Kong, Singapore, Australia to exit in revamp",
  "url": "https://urgent.news/2026/09/25/anz-bankers-in-hong-kong-singapore-australia-to-exit-in-revamp-9734027",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-25T08:30:22.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/banking-finance/anz-bankers-hong-kong-singapore-australia-exit-revamp"
  },
  "original_language": "en",
  "account": "Australian bank ANZ is revamping its operations by offloading senior executives in Hong Kong, Singapore and Australia. The overhaul is led by CEO Nuno Matos, who has been in charge since May 2025. The target is to reduce redundancy and cut costs, which includes a significant workforce reduction of around 3,500 employees, or 8% of the firm's 42,000-strong workforce. Many of the departing staff had been with ANZ for over 10 years.\n\nAmong the exiting executives are Hong Kong-based John Corrin, head of corporate finance and international, and Andrew Harward, head of corporate finance for North Asia and head of structured asset finance. Both will leave on October 1. In Singapore, Ian Mathews, executive director for project, export and sustainable finance, will go on garden leave from early October. Mathews has worked at ANZ for nearly three decades. Other exits include David Roberts, executive director for innovative transition solutions, and his team, as well as Aaron Ross, global head of project, export and asset finance. Their departure is tied to the discontinuation of ANZ's non-bank ESG origination and independent financial advisory function.",
  "summary": "Singapore-based Ian Mathews, who heads project, export and sustainable finance, is set to go on garden leave",
  "key_points": [
    "ANZ offloads senior executives in Hong Kong, Singapore, and Australia",
    "CEO Nuno Matos leads revamp to reduce redundancy and costs",
    "3,500 employees, about 8% of 42,000 workforce, to be laid off"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Bloomberg",
        "title": "ANZ Bankers in Hong Kong, Singapore, Australia to Exit in Revamp",
        "url": "https://urgent.news/2026/09/25/anz-bankers-in-hong-kong-singapore-australia-to-exit-in-revamp",
        "published": "2026-09-25T06:54:06.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}