After five years as CFO and seven years at the company, Guilherme Lago will transition to an advisory role

Nubank today announced the appointment of Rob Livingston as Chief Financial Officer, effective July 13, succeeding Guilherme Lago, who is transitioning to the role of Special Advisor, after five years as CFO and seven years at Nu. Lago will support the transition through August 31, and will remain as a Special Advisor to the Management Team of Nu Holdings and to its Audit and Risk Committee, advising on corporate development and other strategic matters. Livingston will be responsible for leading Nubank's global finance organization, including capital and liquidity planning, financial reporting, corporate development, tax and investor relations.

Rob Livingston brings more than 30 years of experience in financial services across North America, Europe and Asia. He joins Nubank from Visa, where he recently served as CFO for North America, the company's largest business. Over more than 12 years at Visa, he also led Corporate Finance and Investor Relations for Visa, Inc., served as CFO for Visa Europe and board member of Visa Europe Limited, and had business leadership roles in China and Canada. Prior to Visa, Livingston spent 18 years at Capital One, with deep experience in credit, marketing and finance and senior leadership roles including President of Capital One Canada, Divisional CFO, and serving as a Senior Credit Officer at the company. He holds a BA in Economics from Yale University.

Under Lago's tenure as CFO, Nubank scaled from a regional fintech to one of the world's largest digital banking platforms, broadened its product portfolio across Brazil, Mexico and Colombia, and strengthened its balance sheet, profitability and capital position.

"Lago has been a true partner and helped lead the finance organization through Nubank's growth into the leading digital bank in Latin America. After careful consideration, he decided this was the right moment to step down, and we shaped this succession together. Rob Livingston is the right person to lead the team through what comes next. Our priorities, growth in our core markets, reshaping Nubank around AI, and disciplined international expansion, are unchanged," said David Velez, founder and CEO of Nubank.

"I joined Nubank in 2019, when the company had around 20 million customers and operated only in Brazil. Today Nu has 135 million customers across three countries, with a finance organization strong enough to lead through any cycle. That is the work I am most proud of, and this is the right moment to step down. Thank you to David, the Board and every Nubanker for these seven years. I will stay engaged through the transition and remain close to Nu as an advisor," said Guilherme Lago.

"I'm excited to be joining Nubank. What this team has built in only 13 years is truly extraordinary, but the opportunity ahead is even brighter and I'm extremely excited to be part of the next steps of Nu's journey. At Nubank, my focus will continue to be on superb execution of the finance organization, optimizing capital allocation, and supporting Nu's next stage of growth," says Livingston.

The group will also have a dedicated Chief Financial Officer for Brazil role, completing a global and local finance leadership structure already established in Mexico and Colombia. The model reflects the scale and complexity of Nu's operations, strengthening accountability and financial leadership in each market while enabling the Global CFO to focus on the company's strategic priorities. The appointment to this new role will be announced in due course.

About Nubank

Nu is the world's largest digital banking platform outside of Asia, serving more than 135 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 supports customers' complete financial journeys with responsible lending, transparency and a low‑cost, scalable business model. 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.

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Media contact: press@nubank.com.br

Nubank Appoints Rob Livingston as Chief Financial Officer