ANZ Unveils New Strategy to Improve Aussie Retail
ANZ chief executive Nuno Matos has announced a five-year plan to "get back to basics" and boost the bank's underperforming retail business in Australia.
According to Matos, while New Zealand operations are performing well, the core Australian businesses are lagging behind the competition.
ANZ needs to improve its retail business in Australia to stay competitive.
- ANZ shares have increased by over 20% since Nuno Matos took over as CEO in July.
- The new strategy aims to enhance the bank's overall performance and close the gap with its competitors.
Author's summary: ANZ unveils a new strategy to boost its Aussie retail business.