Nubank is set to establish its new headquarters at Abu Dhabi Global Market (ADGM), in collaboration with leading investment, economic and financial institutions, including the integrated digital banking platform Wio Bank.
Nubank is the largest digital bank in Latin America and among the largest globally. Founded in Brazil in 2013, the bank manages assets exceeding $78 billion and currently serves more than 131 million customers across Brazil, Mexico, Colombia, Uruguay, the United States and Germany.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, met with David Vélez, Founder and CEO of Nubank.
The meeting was also attended by His Excellency Jassem Al Zaabi, Chairman of the Department of Finance, His Excellency Ahmed Jasem Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development, and His Excellency Saif Saeed Ghobash, Secretary-General of the Abu Dhabi Executive Council and Chairman of the Office of the Crown Prince.
Representing Nubank were Roberto Campos Neto, Vice-Chairman and Global Head of Public Policy at Nubank, and Guilherme Lago, Chief Financial Officer of Nu Holdings Ltd. (Nubank) and Chairman of the Board of Directors of Nu México.
The meeting explored potential business opportunities offered by Abu Dhabi and the UAE, and highlighted the prospects for global banking and financial institutions looking to expand their operations into markets across Asia and the Middle East and North Africa (MENA) region. Although no timeline has been specified, the move establishes the capital as a launchpad for the bank’s regional.
