Nubank is the most honored Latin American company by Institutional Investor

São Paulo, July 30, 2024 – Nubank, the world’s largest digital banking platform outside of Asia, has received a new recognition, this time by leading corporate publication Institutional Investor. In their 2024 Latin America Executive Team survey, Nubank was recognized in multiple categories within the Financials Non-Banks sector, including Best CEO, in which David Vélez was named the #1 in the region, and Best CFO, for which Guilherme Lago was also ranked #1. The company’s IRO Jörg Friedemann was elected the Best IR Professional and Nubank’s Investors Relations Team, the best IR Team and Program in Latin America. Moreover, the company was recognized in the Best Company Board and Best ESG Program category. 

To build the list, Institutional Investor surveys buy-side analysts, money managers, and sell-side researchers at securities firms and financial institutions that cover the region, reflecting the opinion of 1141 investment professionals at +500 financial services firms. Participants rate CEOs on their credibility, leadership, and communication;  CFOs, on their ability in capital allocation, financial stewardship, and communication; and companies, on their IR team’s authority and credibility; business and market knowledge; earnings calls; responsiveness, consistency, and granularity of financial disclosure, among other qualities.

When recognized by the publication, David Vélez, founder and CEO of Nubank, said: “Since its founding, Nubank’s mission has been to fight complexity and empower loyal customers. The last 12 months have been truly remarkable as we could not only deliver compounded growth across our different geographies but also exceed market expectations to become one of the most profitable and efficient financial services companies in Latin America. In other words, we were able to prove that our model is capable of delivering on our core mission while creating value for shareholders”

During 2024, Nubank has been recognized by different publications, rankings, and awards, including Best Digital Bank in Latin America by Euromoney Awards for Excellence 2024, the Most Innovative Company in Latin America by Fast Company, one of the World’s Leading Fintechs by CNBC, one of the World’s Most Influential Companies of 2024 by TIME and the World’s Best Banks in Brazil and Mexico by Forbes. Locally, the company has been recognized as one of Brazil’s Most Valuable Brands by Interbrand, one of Brazil’s 100 Most Influential Companies.

Institutional Investor

Institutional Investor is a leading international business-to-business publisher, focused primarily on international finance. It publishes premium journalism, newsletters, and research, as well as runs conferences, seminars, and training courses. It is also a provider of electronic business information through its capital market databases and emerging markets information service.