São Paulo, June 14, 2023 – Nubank is announcing changes to the Corporate Development department with the goal to increase our focus on local strategies in Brazil, Mexico and Colombia. Under the leadership of Jag Duggal, Chief Product Officer, the team will prioritize local market expansion plans through strategic partnerships, investments and M&A.
Therefore, Alex Ceballos, Chief Corporate Development Officer, has decided to step down from his role in the coming weeks, and Paulo Barbosa is stepping up as Head of Corporate Development, based in Brazil and reporting to Jag Duggal.
“We thank Alex for his contributions during a critical year of growth for Nubank, where he structured the department for our new stage as a public company and led the formulation of our new long term strategic vision. We are confident that Paulo and Jag will continue to execute on our vision for Nubank’s growth”, said David Vélez, founder and CEO of Nubank.
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