No laughing Matos
ANZ's CEO is moving quickly to assert his authority over the underperforming bank, and thousands of jobs are likely to go as a result.
As Nuno Matos sailed past his first 100 days at the helm of ANZ last month, he told his 43,000 person organisation “there are things that need to change”.
The bank he said, needs to change in order to deliver for customers and shareholders and execute “at pace” – a favourite phrase and one he looks determined to deliver on.
As Capital Brief revealed this morning, ANZ is looking to cut as many as 5,000 jobs as Matos races to make his mark before the company’s strategy day on 13 October.
Targeting a retail bank of around 13,000 people, it is a measure of just how far Matos is willing to go to overhaul the bank’s performance and stamp his mark on the $100 billion institution.
