SAO PAULO (Reuters) – Nu Holdings, which runs Brazilian digital lender Nubank, tapped former Brazilian central bank chief Roberto Campos Neto to join its management team as vice-chairman, the firm said in a securities filing on Tuesday.
Campos Neto was also offered the position of global head of public policy, as well as a board seat, the firm said, adding that he expressed his intent to accept the proposal and assume these positions once a quarantine period is over on July 1.
Appointed by former Brazilian President Jair Bolsonaro to lead the central bank, Campos Neto left the post at the end of December and was succeeded by current Governor Gabriel Galipolo.
Campos Neto will report directly to Nubank’s Chief Executive David Velez, the company said in a press statement.
He will be tasked with supporting the digital lender’s international expansion, engage with global financial regulators, elevate economic and risk analysis and contribute to designing Nubank’s long-term business strategy, according to the statement.
“I look forward to this career shift and leading Nubank teams in their continued journey to develop innovative financial products and services,” Campos Neto said in the statement.
Nubank, one of the fastest-growing digital lenders in the world, has over 114 million customers across Brazil, Mexico and Colombia, and expects to announce this year an expansion to a new market geography.
(Reporting by Andre Romani; Editing by Bill Berkrot)
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