Nubank Names David Marcus to Board of Directors
March 06 2023 - 12:48PM
Dow Jones News
By Jeffrey T. Lewis
SÃO PAULO--Nu Holdings Ltd. said Monday it has appointed former
president of PayPal David Marcus to the online banking company's
board of directors.
Nu Holdings operates under the name Nubank in Brazil.
Mr. Marcus is Chief Executive Officer and co-founder of software
company Lightspark and previously led all payments and crypto
efforts at Facebook owner Meta Platforms Inc., Nubank said.
Mr. Marcus's experience with financial systems and consumer
technology gives him unique perspectives on both areas and will
help Nubank expand into new markets and segments, said Nu CEO David
Velez.
Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com
(END) Dow Jones Newswires
March 06, 2023 12:33 ET (17:33 GMT)
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