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Executive shake-up

Yesterday

Nuno Matos has worked at HSBC for several years, most recently in Hong Kong.

ANZ investors see new chief executive Nuno Matos as a clean slate

The bank appointed the former HSBC wealth boss to succeed Shayne Elliott over internal candidates. The Portuguese banker, 57, will take up the job next year.

  • Updated
  • Lucas Baird and James Eyers
ANZ chairman Paul O’Sullivan says he was “spoilt for choice” in selecting a new CEO.

What forced ANZ board to move on Elliott

Facing the prospect of an embarrassing protest vote at next week’s AGM, ANZ’s board is ringing the changes.

  • Anthony Macdonald
ANZ chairman Paul O’Sullivan with incoming CEO Nuno Matos.

‘Like a star football player’: meet ANZ’s next CEO

Born in Portugal with a globetrotting career spanning Peru, Brazil, Mexico and Hong Kong, Nuno Matos’ route to Australia has been an unlikely one.

  • Lucas Baird
Emilio Gonzalez.

Ex-Pendal chief Emilio Gonzalez to join Brisbane fundie

Street Talk can reveal Gonzalez will join the board of Brisbane-based Australian equities boutique DNR Capital from February 1.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
ANZ boss Shayne Elliot leaves no shortage of unfinished business.

ANZ’s left-field CEO pick piles risk upon risk

A new chief executive with no Australian experience will spend years finishing Shayne Elliott’s signature projects. It’s a perilous sandwich for investors.

  • James Thomson
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This Month

Shayne Elliott last month, as he presented ANZ’s full-year results to investors. He has been with the bank since 2009.

ANZ’s Elliott to resign after nine years as chief executive

The career banker arrived at ANZ in 2009 and was appointed to the top job in 2016. His departure is expected to be announced as early as this week.

  • Jonathan Shapiro and Kylar Loussikian
Aleks Spaseska will become the new managing director of Kmart Group from April 1.

Wesfarmers shuffles the decks to double down on Kmart, Anko Global

The move involves the department store’s CFO, Aleksandra Spaseska, being elevated to the top job. Her predecessor will focus on expanding the Anko brand.

  • Updated
  • Carrie LaFrenz
Endeavour, the owner of Dan Murphy’s chain, is on the hunt of a new CEO.

Endeavour mulls an executive chairman as CEO search drags on

The largest shareholder of the Dan Murphy’s operator, Bruce Mathieson, said Ari Mervis could be a “short-term solution” to a permanent chief executive.

  • Carrie LaFrenz
Herbert Smith Freehills partner Tony Damian.

29 years is enough! Herbert Smith Freehills’ Tony Damian jumps ship

Damian’s expected to join Ashurst on a $7.5 million salary package, in what rivals say is the price law firms are increasingly having to cough up to secure marquee partners. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport
CBA established its ‘Major Client Group’ in 2022.

CBA shuffles the deck in business banking; jobs go

Street Talk understands the Big Four bank has made three senior roles in the Client Acquisition Team redundant.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

Musical chairs at NAB as head of M&A moves into CFO role

A round of internal shifts at NAB has left a gap at the head of its M&A and venture capital unit. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport

November

Sumit Mukhija is the outgoing chief of STT Global Data Centres India.

Brookfield taps new chief for 100MW data centre operator

Street Talk can reveal the Canadian investment giant has tapped former STT Global Data Centres India boss Sumit Mukhija as the incoming chief executive.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Ms Lykouras elected to leave NAB, rather than pursue a possible redeployment.

NAB restructures JBWere, local chief Maria Lykouras to depart

The move comes after the New Zealand business was merged with Jarden, and the team will report directly to the bank’s private wealth executive, Michael Saadie.

  • Lucas Baird
Anthony Miller will take over from Peter King on December 16.

Incoming Westpac boss Miller poaches Wild from BHP

Anthony Miller has made his first move at the nation’s second-largest bank, recruiting his head of sustainability Fiona Wild from BHP.

  • Lucas Baird
MinRes chairman James McClements’ listening tour is a classic case study in corporate life in 2024.

Why every director should fear a MinRes on their watch

Who’s happy at Mineral Resources? No one. That’s what happens when you’re jammed between investors and the outside world.

  • Anthony Macdonald
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Westpac chief executive Peter King’s fifth and final result as CEO was in-line with analyst expectations on Monday.

Westpac CEO’s final profit a reminder how much banking has changed

Peter King’s final result as Westpac CEO was pitched around one word: discipline.

  • Anthony Macdonald

October

Cbus CIO Brett Chatfield has presided over a calamitous period for the industry super fund.

Jobs go as troubled industry super giant Cbus rolls out restructure

Street Talk asked Cbus how many roles reported to chief investment officer Brett Chatfield now versus his appointment in June 2023.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Anthony Eisen in 2021.

Anthony Eisen bows out at Afterpay

The co-founder of the buy now, pay later pioneer told staff at Block, which he joined after the takeover, he would step away from an executive role.

  • James Eyers
Olivia Wirth, chairwoman of Myer, is shaking up the leadership team.

Olivia Wirth poaches from Qantas in Myer executive revamp

The department store’s executive chairwoman tells staff the changes will allow it to grow after years of declining revenue and profit.

  • Updated
  • Carrie LaFrenz
James Kelly.

Gloss comes off ‘success story’ in baby boomer housing

The pioneering developer of affordable accommodation for downsizing Baby Boomers is ending his tenure after a tough year.

  • Michael Bleby