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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
David Vélez Osorno ExecutiveBoard | Founder, Chairman, and CEO | None | Founder of NU in 2013, previously a partner at Sequoia Capital and worked at Goldman Sachs, Morgan Stanley, and General Atlantic. | |
Cristina Helena Zingaretti Junqueira Executive | Chief Growth Officer | None | Co-founder of NU in 2013, responsible for growth strategies in Brazil, Mexico, and Colombia. Previously worked at Itaú Unibanco and BCG. | |
Elita Vechin Pastorelo Ariaz Executive | Chief Legal Officer | None | Appointed CLO in February 2024. Previously held senior legal roles at Banco Santander and Banco Safra. | |
Guilherme Marques do Lago Executive | Chief Financial Officer | None | CFO since February 2021. Previously VP of Finance at NU and held roles at Credit Suisse and McKinsey. | |
Henrique Camossa Saldanha Fragelli Executive | Chief Risk Officer | None | CRO since 2018. Previously held senior risk management roles at HSBC and WestLB. | |
Jagpreet Singh Duggal Executive | Chief Product Officer | None | CPO since 2020. Previously held leadership roles at Facebook, Quantcast, and Google. | |
Livia Martines Chanes Executive | CEO for Brazil | None | CEO for Brazil since January 2024. Previously VP of Products at NU and held roles at Banco Itaú and McKinsey. | |
Suzana Kubric Executive | Chief Human Resources Officer | None | CHRO since May 2023. Previously VP of People and Culture at NU and held HR leadership roles at Kantar IBOPE Media and GSK. | |
Vitor Guarino Olivier Executive | Chief Technology Officer | None | CTO since December 2022. Previously held multiple leadership roles at NU, including Chief People Officer and VP of Operations. | |
Youssef Lahrech Executive | President and COO | None | Joined NU in 2020, promoted to President in August 2022. Previously spent 19 years at Capital One in various leadership roles. | |
Anita Mary Sands Board | Lead Independent Director | ServiceNow, JumpCloud, Circle Internet Financial, Cyderes, Princeton University | Board member since October 2020. Lead Independent Director since October 2022. Former senior executive at UBS and Citigroup. | |
Daniel Krepel Goldberg Board | Board Member | Lumina Capital Management | Board member since April 2021. Managing Partner and CIO at Lumina Capital Management. Former President of Morgan Stanley in Brazil. | |
David Alexandre Marcus Board | Board Member | CEO of Lightspark | Board member since March 2023. CEO and Co-Founder of Lightspark. Former President of PayPal and Head of Messenger at Meta. | |
Douglas Mauro Leone Board | Board Member | Sequoia Capital, ActionIQ, Cresta, Cyera, Island.io, Trade Republic, Wiz, etc. | Board member since 2016. Partner at Sequoia Capital. Former Global Managing Partner at Sequoia. | |
Jacqueline Dawn Reses Board | Board Member | Lead Bank, Affirm, Endeavor, Taskus | Board member since March 2021. Chairwoman and CEO of Lead Bank. Former Chair of the Economic Advisory Council of the Federal Reserve Bank of San Francisco. | |
Luis Alberto Moreno Mejía Board | Board Member | Managing Director at Allen & Co. | Board member since April 2021. Former President of the Inter-American Development Bank and Colombia’s Ambassador to the U.S.. | |
Rogério Paulo Calderón Peres Board | Board Member | Alupar Investimentos, Grupo Casas Bahia, B3 S.A., Qualicorp | Board member since June 2021. Chairman of NU's Audit and Risk Committee. Former CFO of Itaú Unibanco. | |
Thuan Quang Pham Board | Board Member | CTO of Faire, Technology Advisor at The Routing Company | Board member since September 2022. Former CTO of Uber and Coupang. |
Research analysts who have asked questions during Nu Holdings earnings calls.
Eduardo Rosman
BTG Pactual
4 questions for NU
Jorge Kuri
Morgan Stanley
4 questions for NU
Mario Pierry
Bank of America
4 questions for NU
Yuri Fernandes
JPMorgan Chase & Co.
4 questions for NU
Pedro Leduc
Itau BBA
3 questions for NU
Tito Labarta
Goldman Sachs
3 questions for NU
Geoffrey Elliott
Autonomous
2 questions for NU
Gustavo Schroden
Citigroup
2 questions for NU
John Coffey
Barclays PLC
2 questions for NU
Neha Agarwala
HSBC
2 questions for NU
Daer Labarta
Goldman Sachs
1 question for NU
Henrique Navarro
Banco Santander, S.A.
1 question for NU
Thiago Batista
UBS
1 question for NU
Thiago Bovolenta Batista
UBS
1 question for NU
William Tang
SIG
1 question for NU
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Multiple Companies Acquisition (Nu Holdings) | 2024 | Nu Holdings Ltd. made multiple acquisitions in 2024 that increased goodwill by US$43,154K and intangibles by approximately US$30,859K, issuing 7,777,894 Class A shares as part of the deal; the transactions included a modest increase for the Nu Invest acquisition and a significant rise for "Other acquisitions". |
Olivia AI, Inc. and Subsidiaries | 2022 | The acquisition was completed on January 3, 2022 following a stock purchase agreement on November 2, 2021; it involved a total purchase price of US$47,225,000—combining US$10,554,000 in cash with a mix of immediate and deferred share issuances—and aimed to integrate Olivia’s data science and AI capabilities with Nu Holdings’ open banking initiatives. |
Recent press releases and 8-K filings for NU.
- Brazilian fintech Nubank has applied for a U.S. national bank charter with the Office of the Comptroller of the Currency (OCC) as part of its strategy to expand beyond Latin America and evolve into a global financial platform.
- If approved, the charter will allow Nubank to operate nationwide in the U.S. without needing state licenses, offering services such as checking accounts, credit cards, loans, and digital asset custody, and providing direct access to deposits for improved control and margins.
- Nubank co-founder Cristina Junqueira has relocated to the U.S. to lead this charter application and expansion effort, though CEO David Velez emphasized that the company's core focus remains growth in its existing Latin American markets.
- Revenue: Grew to US$3.2BN in Q1 2025 (40% FXN increase YoY) .
- Profitability: Reported net income of US$557MM (US$557.2MM) with an adjusted ROE of 30% and record net interest income of US$1.8BN, underscoring robust bottom-line performance .
- Lending Expansion: Expanded the credit portfolio to US$24.1BN driven by strong loan origination momentum in Brazil .
- Customer Growth: Added 4.3M new customers, bringing the total to approximately 119M (with 98.7M active customers) across Brazil, Mexico, and Colombia .
- Funding & Liquidity: Achieved total deposits of $31.6BN and maintained US$2.7BN in cash & equivalents, reflecting robust funding and a healthy liquidity profile .
- Nu Holdings Ltd. announced that its subsidiary, Nu México Financiera, has obtained regulatory approval from the CNBV, coordinated with Banxico and SHCP, to start converting into a multiple bank under the new name Nubank, S.A., Institución de Banca Múltiple.
- The company outlined that the next phase involves testing its systems and processes, with final approval pending issuance of an Operation Authorization by Mexican regulators.
- David Vélez resumes direct command over the management team to streamline global operations and boost customer-centrism.
- Youssef Lahrech continues as President and COO, leading global enterprise and product operations with a focus on financial services and lending.
- Livia Chanes assumes leadership over Brazil-specific operations, including investments, marketplace, and insurance.