London-headquartered Revolut is gearing up for its launch in Latin America’s largest market with the latest appointment of Glauber Mota as the Brazil Chief Executive Officer.
Announced on Tuesday, Mota joined Felipe Lachowski who was onboarded by Revolut last April as Brazil’s Head of Strategy and Operations.
“As Latin America’s largest market, Brazil is a key strategic priority of Revolut’s international expansion drive,” said Revolut’s Co-Founder and CEO, Nik Storonsky.
“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,” he added. Indeed, Mota’s initial task in the new role is to build a Brazil-centric team for the expansion of the company in the country.
Mota brings 16 years of work experience to his role at Revolut Brazil. Before joining the UK fintech, he worked for 8 long years at the Brazilian investment bank, BTG Pactual, and parted as an Associate Partner.
He started his career in April 2006 at Opportunity Asset Management as a Hedge Fund of Funds Analyst. Later, he worked with several other financial companies, including Itaú BBA, Itaú Unibanco, SunGard Financial Systems, and EFG Bank.
Entering Emerging Markets
Valued at $33 billion, Revolut captured the United Kingdom and European markets and is now pushing for global expansion. It has already started to register potential Brazilian customers on the waitlist of its application, but the launch date has not been revealed yet.
“Brazilians are one of the most active digital populations worldwide, and the number of unique users of mobile devices in Brazil is already over 112 million people, with a rising number of people using digital banks as their primary account,” Mota said.
“This represents an enormous opportunity, and the Revolut product offering is unbeatable for Brazilians who continue to embrace e-commerce and begin to travel abroad again.”
