The Ebury Bank, the Brazilian arm of global fintech Ebury, strengthens its presence in the country with the appointment of executives Jose Esteban as CEO and David Brito as Country Manager. The new leaders, with solid international experience and strategic backgrounds within Ebury itself, take on the challenge of driving the expansion of the Brazilian operation and aligning national activities with the global vision of the fintech.
Founded in the UK, Ebury was acquired by Santander Spain in 2019 and expanded its operations in Brazil in 2022 with the acquisition of foreign exchange bank Bexs, thus creating Ebury Bank—since it holds a banking license to operate in the country. In the 2023 fiscal year, global Ebury recorded a transaction volume of £25.5 billion (in Brazilian reais, a total of 156.1 billion).
Under the leadership of Esteban and Brito, Ebury Bank aims to quadruple its base of active clients in Brazil, from 1,000 to 4,000 in the next two years, and increase the country’s contribution to the company’s global revenue from 10% to nearly 30% in three years.
The strategy includes an additional focus on the agribusiness sector and strengthening trade finance solutions, facilitating payments and international operations for Brazilian companies. Currently, Ebury Bank has nearly 200 employees. In total, there are over 1,700 people working for the global company.
Jose Esteban assumed the position of CEO of Ebury Bank (Brazil) after serving as CFO of Ebury (global), where he led financial optimization and expansion strategies. Before joining Ebury, Esteban built a distinguished career at Banco Santander and institutions such as BNP Paribas and Deutsche Bank. ‘I am honored to lead Ebury Bank in Brazil and contribute to strengthening our local operations, integrating global best practices to serve the Brazilian market in an increasingly strategic way,’ says Esteban.
David Brito, the current Country Manager of Ebury Bank in Brazil, also brings experience in leading international operations. Previously, Brito was Country Manager of Ebury in Portugal, where he consolidated the fintech’s presence in the Portuguese market. With experience at Barclays Bank, where he managed large corporate accounts, Brito now leads the development of Ebury Bank in Brazil, strengthening ties with global Ebury and supporting growth in a strategic market for foreign exchange services and international financial solutions. ‘Our strategy is to offer financial solutions of international standard, meeting the specific needs of Brazilian companies and expanding our client base,’ comments Brito.
