Leadership Changes and Job Cuts Might Change The Case For Investing In ANZ Group Holdings (ASX:ANZ)

• Earlier in September 2025, ANZ Group Holdings announced that Kevin Corbally would step down as Group Chief Risk Officer to become Managing Director, Capital Management Institutional, while also revealing plans to cut approximately 3,500 jobs and adjust its digital banking strategy.
• This leadership transition and operational restructuring mark a significant shift in ANZ's approach to capital management and efficiency within its institutional and retail banking businesses.
• We'll explore how Corbally's appointment to capital management could influence the bank's risk oversight, capital efficiency, and long-term outlook.

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ANZ Group Holdings Investment Narrative Recap

To be a shareholder in ANZ Group Holdings, you need to believe that the company’s operational overhaul, including leadership changes, job cuts, and a pivot in digital banking, will translate into sustainable cost-efficiency and improved capital allocation. The recent appointment of Kevin Corbally and the announced restructuring are unlikely to change the most important short-term catalyst: the effective execution of ANZ’s tech transformation and platform migration. However, execution risk around these initiatives remains the primary concern for the business.

Among recent company announcements, the strategic review of ANZ Plus, with a potential withdrawal due to functionality issues, directly intersects with the bank’s digital ambitions and cost reduction plans. This underscores both the operational challenges ahead and the critical importance of delivering on promised efficiencies as a key catalyst for future shareholder value.

But with the uncertainties in shifting away from existing platforms, investors should pay close attention to...

Read the full narrative on ANZ Group Holdings (it's free!)

ANZ Group Holdings is projected to reach A$24.2 billion in revenue and A$7.0 billion in earnings by 2028. This outlook assumes a 4.7% annual revenue growth rate and an increase in earnings of A$0.2 billion from the current A$6.8 billion.

Uncover how ANZ Group Holdings' forecasts yield a A$30.87 fair value, a 7% downside to its current price.

Exploring Other Perspectives

Seven fair value estimates from the Simply Wall St Community range from A$25.40 to A$33.62 per share, highlighting wide-ranging views on ANZ’s valuation. While opinions vary, recent restructuring news sharpens focus on technology execution as a crucial factor in the company’s earnings outlook.

Explore 7 other fair value estimates on ANZ Group Holdings - why the stock might be worth as much as A$33.62!

Build Your Own ANZ Group Holdings Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your ANZ Group Holdings research is our analysis highlighting 1 key reward and 1 important warning sign that could impact your investment decision.
• Our free ANZ Group Holdings research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate ANZ Group Holdings' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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