0323 GMT - The earlier-than-expected arrival of ANZ's new CEO will allow the bank to tackle its risk-governance issues with greater clarity, Jarden analysts write in a note. They tell clients that Nuno Matos's May 12 start date will allow Australia's fourth-largest bank to focus externally on customers, and internally on its risk processes and tech developments. They suggest that refreshing the ranks of executive leadership with global hires may also lead to sharper execution. Importantly, they remind clients that the latest A$250 million capital overlay that ANZ is required to hold is not money lost, but only quarantined. Jarden has an overweight rating and A$30.50 target price on the stock, which is down 1.5% at A$29.21. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 02, 2025 23:23 ET (03:23 GMT)
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