Nubank, a prominent digital financial services platform operating globally, has announced the appointment of Eric Young as its new Chief Technology Officer (CTO). Young assumes the role as Vitor Olivier, the outgoing CTO, departs after over a decade of service to pursue a new entrepreneurial venture. Both executives are facilitating a comprehensive transition to ensure continuity in the advancement of Nubank’s technology platform and business objectives.
Eric Young brings over two decades of leadership experience from innovative technology companies. Most recently, he served as Senior Vice President of Engineering at Snap Inc., where he was responsible for scaling infrastructure and delivering mobile-first experiences to a global user base. Prior to Snap, Young spent seven years as Vice President of Engineering at Google, overseeing fundamental technical infrastructure that supported products like Search, Ads, YouTube, and Google Cloud. He also held senior roles at Amazon for 15 years, focusing on scaling enterprise systems and processes across areas such as supply chain, fulfillment, personalization, and pricing.
Reporting directly to David Vélez, founder and CEO of Nubank, Young will focus on maintaining operational excellence, driving international expansion through platformization, and advancing critical AI technologies to accelerate growth. He will collaborate closely with Olivier during the transition period.
David Vélez commented on the appointment, stating, “We welcome Eric Young to my management team at a pivotal moment in the company, as we enter a new stage of maturity, renew our focus and ambitions, and look towards effectively harnessing new technologies into the core of our products and services. Eric brings experience in global technology platforms serving hundreds of millions of customers. We are incredibly grateful for Vitor’s accomplishments and brilliant trajectory, and he will always be part of our history and culture.” Young also expressed his enthusiasm, saying, “Nu is uniquely positioned to revolutionize financial services at a global level, and technology has been and will continue to be the key differentiator and engine in this business model, powering the best products and services, at the lowest cost in a fully digital model. I look forward to diving deeper into our teams and platforms to continue evolving the company’s stack as Nu advances its goals in Brazil, Mexico, Colombia, and beyond.”
Vitor Olivier, a long-serving executive and one of Nubank’s earliest employees, will step down in September. He has held multiple executive positions during his tenure. Olivier reflected on his departure, stating, “After over a decade of building Nubank, transitioning to a new career is both difficult and exciting. I’m certain that it is the right move for myself and the company. My bond and appreciation for Nu and my colleagues will endure, and I am grateful for David Vélez’s mentorship and trust through all these years, and especially his support in the recent months as we planned my transition.”
Nubank serves over 118 million customers across Brazil, Mexico, and Colombia. The company aims to transform the financial industry by leveraging data and proprietary technology to develop innovative products and services. Its mission is to reduce complexity and empower individuals through responsible lending and transparency, catering to customers’ complete financial journeys. Nubank operates on an efficient and scalable business model characterized by low service costs and growing returns. Its impact has been acknowledged through various accolades, including being named among Time 100 Most Influential Companies, Fast Company’s Most Innovative Companies, and Forbes World’s Best Banks.
