ANZ Restructures to Strengthen Strategic Focus

ANZ Group Holdings Ltd (ASX: ANZ) has announced a major restructuring aimed at simplifying operations, sharpening its focus on priorities, and enhancing customer service. The bank expects around 3,500 employees to leave by September 2026, supported by consultants and third-party reviews. Key objectives include reducing duplication and complexity, accelerating non-financial risk management practices, and ensuring investments align with strategic goals. While frontline customer roles will be minimally affected, ANZ has committed to honouring its obligations tied to the Suncorp Bank acquisition.

CEO Nuno Matos emphasized that the changes are designed to position ANZ as the leading bank for customers while sustaining long-term performance. To support affected staff, ANZ will provide career transition resources, training funds, and advisory services. The restructuring is expected to result in a pre-tax charge of approximately AU$560 million in 2H25, with final details disclosed in November 2025. A detailed strategy update will be shared with investors on 13 October 2025

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com