Nuno Matos, the foreign banker brought in to run ANZ Bank, has a big plan and no shortage of confidence to execute it.

He’s seemingly ready to do what it takes to put an end to the fourth-placed bank’s straggling performance. It’s a bold vision, and it’s much-needed for ANZ, but to quote Woody Allen: “If you want to make God laugh, tell him your plans.”

Matos promised changes at the bank from the day he landed, and while he isn’t exactly tearing down everything in sight, he has pressed go on an almighty renovation.

And just to keep things interesting, he expects this ambitious overhaul to be completed in record time – stage one completed in two years, stage two by 2030.

ANZ chief executive Nuno Matos flagged deep job cuts last month but is now unveiling his strategy to lift ANZ’s performance.Credit: Marija Ercegovac

This is the kind of makeover that probably only works with an imported architect at helm like Matos, and it’s no wonder that he has brought in an almost entirely new team of direct reports (a new head of the retail bank, a new chief technology officer and a new chief risk officer) to implement his plans.

Matos brings a

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