Nubank Names Ex-Visa Executive Rob Livingston as Global CFO
BRAZIL · BUSINESS
Key Facts
—The change. Nu Holdings, parent of digital bank Nubank, named Rob Livingston as global chief financial officer effective July 13.
—Who is leaving. He succeeds Guilherme Lago, CFO for five years and at the company for seven, who becomes a special adviser and will support the transition through August 31.
—The newcomer. Livingston was Visa’s CFO for North America and spent 18 years at Capital One; he has more than 30 years in financial services.
—Structure shift. Nubank is also creating a dedicated Brazil CFO role, matching units it already has in Mexico and Colombia.
—Market reaction. Nu shares fell more than 4% in after-hours trading in New York following the announcement.
The finance chief who guided Nubank from a Brazilian fintech to one of the world’s largest digital banks is stepping aside — and his U.S.-veteran successor signals where the company is heading next.
A new global CFO from Visa
Nu Holdings, listed on the New York Stock Exchange, said on Monday that Rob Livingston will become its chief financial officer on July 13. He joins from Visa, where he most recently served as CFO for North America, the payment company’s largest business unit, after more than a decade there in roles spanning corporate finance, investor relations and leadership posts in Europe, China and Canada. Before Visa, he spent 18 years at Capital One, including as president of its Canadian operation and as a divisional CFO. He holds an economics degree from Yale.
As global CFO, Livingston will oversee Nubank’s finance organisation worldwide, including capital and liquidity planning, financial reporting, corporate development, tax and investor relations. Chief executive and co-founder David Vélez said the new CFO brings deep knowledge of global financial institutions and a clear view of the United States — a pointed reference to the bank’s ambitions there.
Guilherme Lago’s exit after seven years
Lago joined Nubank as finance director in 2019, when the company had about 20 million customers and operated only in Brazil, and became CFO in early 2021. The company now reportedly has roughly 135 million customers across Brazil, Mexico and Colombia. He will move to a special-adviser role on the executive team and the audit and risk committee, focused on corporate development and strategic matters, and has said the bank is now “strong enough to lead in any cycle.” People familiar with the matter said Lago plans to pursue his own ventures.
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Why the timing points to the United States
The choice of a U.S. financial-services veteran fits Nubank‘s stated plan to build a bank in the United States, an effort led by co-founder Cristina Junqueira. Alongside the global appointment, the company is creating a separate Brazil CFO role — to be named later and reporting to Livingston — that mirrors the local finance structures already in place in Mexico and Colombia. The reorganisation gives each major market its own finance lead while centralising global oversight.
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What it means for investors
Lago was the bank’s main interface with the market, so a CFO change at a company of Nubank’s size is closely watched. Nu shares slipped more than 4% in after-hours trading in New York after the news, a typical reaction to leadership uncertainty even when a succession is planned. The company framed the move as an orderly, jointly designed transition rather than an abrupt departure, with Lago staying on through the handover.
Frequently Asked Questions
Who is Nubank’s new CFO?
Rob Livingston, formerly Visa’s CFO for North America and an 18-year Capital One veteran, takes over as global CFO on July 13.
What happens to Guilherme Lago?
Lago becomes a special adviser to the executive team and the audit and risk committee, supporting the transition through August 31.
Why does the choice matter for Nubank’s strategy?
Livingston’s U.S. background aligns with Nubank’s push to build a bank in the United States, and the company is adding a dedicated Brazil CFO role under him.
How did the market react?
Nu shares fell more than 4% in after-hours trading in New York after the announcement.
Connected Coverage
For more on the region’s financial sector, see our coverage of Mexico’s remittance flows and Brazil’s trade dispute with Washington over Pix.
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