UK digital bank Revolut has appointed Glauber Mota as its chief executive officer in Brazil ahead of its launch in Latin America’s largest market.
Mota, a seasoned banking professional with a range of senior roles under his belt during his time at investment bank BTG Pactual in Latin America, will lead Revolut Brazil with Felipe Lachowski, head of strategy and operations for the digital bank in the country.
His immediate focus will be on quickly building a team of local talent to lead Revolut’s expansion in Brazil.
At launch, Revolut Brazil will start offering accounts and international cards before gradually introducing all of the features and products available on its app.
Revolut will be among the first UK fintechs to reach Brazil, amid an ongoing international expansion into markets such as Singapore, Australia, the US and Japan.
Commenting on the appointment, Nik Storonsky, chief executive officer and co-founder of Revolut, said: “As Latin America’s largest market, Brazil is a key strategic priority of Revolut’s international expansion drive. We are pleased to welcome Glauber to our team.”
“With his wealth of experience in the financial sectors and an outstanding track record, we’re delighted that Glauber is joining Revolut. Brazil is an important market in our expansion strategy with a huge supply of talent, and we’re excited to tap into that talent pool to help Revolut go from strength to strength.”
Mota added: “[T]he Revolut product offering is unbeatable for Brazilians who continue to embrace ecommerce and begin to travel abroad again. I am very excited to lead the team and bring Revolut’s superapp complete offering to Brazil.”
The appointment of Mota to lead the launch in Brazil follows the expansion of Revolut’s US leadership team with the additions of Yuval Rechter as general manager and Danil Ovechkin as head of growth.