The Financial Espresso "B3's potential CEO; Nu; AI in Rede's POS; STNE e..."

Research evidence excerpt

The Financial Espresso "B3's potential CEO; Nu; AI in Rede's POS; STNE e..."

Global Research

19 May 2026ab

The Financial Espresso Equities

Latin AmericaB3's potential CEO; Nu; AI in Rede's POS; STNE

exits dental startup; XP's new CFO; Desenrola Financial

2.0; INSS Payroll loans; Rural debt KaioAnalystPrato

kaio.prato@ubs.com

+55-11-3513 6573

Mr. Christian Egan may become new CEO of B3 Thiago Batista, CFA

Analyst

According to Valor, B3 is expected to appoint Mr. Christian Egan as its new CEO, thiago.batista@ubs.com

succeeding Mr. Gilson Finkelsztain. The choice is seen as surprising, as the market +55-11-3513 6518

had largely expected an internal successor, particularly Mr. Luiz Masagão, currently

Camila Azevedo

head of products and clients. Mr. Egan, who recently took over as head of corporate

Associate Analyst

and investment banking at Santander Brazil, emerged as a consensus candidate camila.azevedo@ubs.com

after divisions within the board regarding other potential names. Our take: +55-11-2767 6881

Although the succession process hasn't been completed, we believe strategy

Bruno Kenji

shouldn't be affected in a large extent.

bruno.kenji@ubs.com

Nubank reaches 6 million SME clients, targets further expansion +55-11-2767 6056

According to Valor, Nubank surpassed 6 million business (PJ) clients, becoming the Olavo Arthuzo

largest financial institution in Brazil by number of CNPJs. The base is still heavily Analyst

concentrated in micro-entrepreneurs (MEIs), reflecting the bank’s initial olavo.arthuzo@ubs.com

positioning as a simple extension of its retail offering for individuals. Going forward, +55-11-2767 6306

Nubank aims to expand deeper into micro and small businesses, broadening its Beatriz Shinye

product suite to better serve more complex needs.