Khalid bin Mohammed bin Zayed meets with the CEO of Nubank for digital financial and banking services

His Highness Sheikh Khalid bin Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Executive Council of the Emirate of Abu Dhabi, met with David Velez, founder and CEO of Nubank, a digital financial and banking services institution headquartered in the Brazilian city of São Paulo.

The meeting discussed the investment opportunities offered by the business system in Abu Dhabi and the UAE to international banking and financial institutions to expand the scope of their operations towards Asian markets and the Middle East and North Africa region.

The bank is preparing to open its new headquarters in Abu Dhabi Global “ADGM” in cooperation with leading investment and economic entities and banking institutions in digital financial services, including the integrated banking platform “U Bank”.

It is noteworthy that Nubank is the largest digital bank in Latin America and among the largest in the world. It was founded in Brazil in 2013, manages assets worth more than $78 billion, and currently serves more than 100 million customers in Brazil, Mexico, Colombia, Uruguay, the United States of America, and Germany.

This meeting was attended by Jassim Mohammed Buataba Al Zaabi, Chairman of the Department of Finance in Abu Dhabi, Ahmed Jassim Al Zaabi, Chairman of the Department of Economic Development in Abu Dhabi, Saif Saeed Ghobash, Secretary General of the Executive Council of the Emirate of Abu Dhabi, Head of the Office of the Crown Prince in the Court of the Crown Prince of Abu Dhabi, and Badr Salim Sultan Al Olama, Director General of the Abu Dhabi Investment Office.
The meeting was also attended by Roberto Campos Neto, Vice Chairman of the Board of Directors of Nobank. and Guilherme Lago, CFO of Nu Holding and Chairman of the Board of Directors of Nu Mexico.