ANZ’s Cost-Cutting CEO Now Faces Pressure to Deliver Growth

The hard-charging overhaul of ANZ Group Holdings Ltd. by Nuno Matos is entering its second year with investors pushing for more revenue gains after earlier sweeping cost-cutting moves.

Since taking the helm in May last year, Matos has slashed costs, unveiled plans to cut more than 3,000 staff, upended its executive ranks and is attempting to reset a corporate culture that put the firm in the crosshairs of regulators.