Nubank has appointed Livia Chanes as CEO for Latin America, consolidating regional leadership under the executive who currently heads the bank's Brazilian operations.
Chanes will retain her existing role as CEO of Brazil, signaling a strategic move to streamline decision-making across the digital lender's key markets.
Citi analysts responded positively to the leadership change, raising their price target for Nubank shares to $14.
The appointment comes as the company seeks to unify its expansion efforts in the region, where it has faced increasing scrutiny over its aggressive growth strategy.
Citi analysts responded positively to the leadership change, raising their price target for Nubank shares to $14.60.
The bank's stock traded higher in the session, reflecting investor confidence in the streamlined management structure.
The move is seen as a step toward improving operational efficiency and better coordinating the bank's activities across its diverse Latin American footprint.