ANZ Slashes CEO’s Bonus After Scandals, Hints at Succession (1)

ANZ Group Holdings Ltd. cut Chief Executive Officer Shayne Elliott’s bonus by nearly half after a series of scandals in the Australian lender’s markets division, with the veteran banker saying his tenure is getting “clearly closer to the end.”

Elliott’s bonus for fiscal year 2024 was cut by A$1.1 million ($731,500), in large part due to the missteps that rocked the bank earlier in the year. The board, which he also sits on, is planning for the possible conclusion of his nine-year stint at the helm, he said in an interview.

Shayne Elliott

Photographer: Carla Gottgens/Bloomberg

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