On June 2, Nu Holdings fell 3.92% in pre-market trading, trading at $12.51/share, with trading volume of $163,900. The decline was triggered by the company's announcement of a chief financial officer transition.

Nu Holdings announced the appointment of Rob Livingston, Visa's CFO for North America and a former Capital One executive, as its new chief financial officer. Current CFO Guilherme Lago, who helped oversee Nubank's New York Stock Exchange listing in 2021, will step down on July 13 and transition to a special adviser role for management and the company's audit and risk committees. CEO David Velez stated that Livingston brings deep knowledge of global financial institutions and the US market.

Notably, the new CFO will be based in the United States, where Nu Holdings earlier received conditional approval to establish a bank and is actively preparing for US market expansion. While the hire of a seasoned US financial executive signals strategic intent, the departure of a key executive who guided the company through its IPO appears to have weighed on investor sentiment in the near term.

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