Why Nuno Matos went offshore to fill ANZ's C-suite
Most big banks have been poaching talent from each other. ANZ has gone abroad.
When Nuno Matos made three C-suite hires on Thursday, his approach was in sharp contrast to his rival banking peers. Not one of his new executives is from Australia.
The ANZ chief hired Santander UK’s Christine Palmer to become chief risk officer, Tokyo-based McKinsey senior partner Pedro Rodeia as Australia retail head, and former HSBC UK and Europe chief information officer Donald Patra as chief information officer. All three will move to Melbourne in November and December this year.
There are various theories doing the rounds explaining Matos' decision to go international for his poaching spree.
Jarden head of financials research analyst Matt Wilson thinks the choice speaks to a lack of local talent in banking since the Global Financial Crisis.
