Campos Neto, former President of the Brazilian Central Bank (2019-2024), is expected to join Nu Holdings upon completion of his garden leave in July to lead efforts in fintech innovation, business strategy and international regulation

SÃO PAULO: Nu, one of the largest digital financial services platforms in the world, announces the expected appointment of former Brazilian Central Bank president Roberto Campos Neto to its Management Team and to the Board of Directors of Nu Holdings, effective on July 1, after completing a six month cooling off period as determined by the Brazilian legislation.

Reporting directly to David Vélez, founder and CEO of Nubank, the executive will serve as Vice Chairman of Nubank and Global Head of Public Policy to support Nu’s international expansion program, engage with global financial regulators, represent Nu Holdings in international forums and boards, elevate economic and risk analysis for Nu’s operations in Brazil and Latin America, and contribute to design Nu’s long term business strategy.

"We welcome Roberto Campos Neto, who has been one of the world’s leading thinkers in how to use technology to advance local financial systems through systems such as Pix and Open Finance. We are confident that his extensive technical experience in the financial and regulatory sectors will provide valuable strategic leadership for the continued growth of our portfolio and operations, in Latin America and beyond," says David Vélez, founder and CEO of Nubank.

In addition to his position in the Management team, Campos Neto will also be a non-independent member of the Board of Directors of Nu Holdings. Campos Neto has reported to the Brazilian Federal Ethics Committee (CEP - Comissão de Ética Pública) his intent to join Nubank upon completion of his garden leave.

“I look forward to this career shift and leading Nubank teams in their continued journey to develop innovative financial products and services, and supporting modern and competitive policies and regulations in the international landscape, leading to increased access, transparency, and quality for consumers," says Roberto Campos Neto.

Campos Neto has an extensive career in the financial sector, serving as the President of the Central Bank of Brazil from 2019 to the end of 2024. During his tenure, the organization received the award for “Central Bank of the Year” in 2024, by Central Banking Magazine. Additionally, he is the only person to have received the “Best Central Banker of the Year” award from LatinFinance magazine for three consecutive years. In 2020, he was also recognized by The Banker magazine as the Central Bank President of the Year for his leadership in addressing inflation during the pandemic.

In his mandate at the Central Bank, Campos Neto implemented a broad agenda anchored on the pillars of financial inclusion, financial education, increased competition, and sustainability. The advances in innovation led to the inclusion of millions of Brazilians in the sector, and increased access to credit. He oversaw the launch and further development of the instant payment method Pix, advanced the Open Finance agenda (the integration of financial systems), and promoted Drex, a digital real (R$) utilizing blockchain technology. Overall, the Brazilian Central Bank accumulated dozens of local and international awards in recognition of its work to curb inflation, modernize the financial system, combat climate change and for international collaboration.

Before the Central Bank, Campos Neto held major leadership roles in the financial sector for over two decades, including in Santander, Claritas Investments and Bozano Simonsen. Campos Neto earned a Bachelor's and Master's degree in Economics from the University of California, Los Angeles (UCLA).

About Nu

Nu is one of the largest digital financial services platforms in the world, serving over 114 million customers across Brazil, Mexico, and Colombia. The company has been leading an industry transformation by leveraging data and proprietary technology to develop innovative products and services. Guided by its mission to fight complexity and empower people, Nu caters to customers’ complete financial journey, promoting financial access and advancement with responsible lending and transparency. The company is powered by an efficient and scalable business model that combines low cost to serve with growing returns. Nu’s impact has been recognized in multiple awards, including Time 100 Companies, Fast Company’s Most Innovative Companies, and Forbes World’s Best Banks.

For more information, please visit https://international.nubank.com.br/about/.

Fonte: Business Wire