THEEbury Bank, the Brazilian arm of the global fintechEbury, strengthens its presence in the country with the appointment of executivesJose Estebanas CEO andDavid Britoas Country Manager. The new leaders, with solid international experience and strategic stints within Ebury itself, take on the challenge of driving the expansion of the Brazilian operation and aligning the national activity with the fintech's global vision.
Founded in the United Kingdom, Ebury was acquired by Santander Spain in 2019, and expanded its operations in Brazil in 2022 with the purchase of the foreign exchange bank Bexs, thus creating Ebury Bank – as it holds a banking license to operate in the country. In the fiscal year 2023, Ebury Global recorded a transaction volume of£ 25.5 billion (in reais, a total of 156.1 billion).
Under the leadership of Esteban and Brito, Ebury Bank aims to quadruple its active customer base in Brazil from 1,000 to 4,000 over the next two years, and increase the country's contribution to the company's global revenue from 10% to almost 30% within 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 more than 1,700 people working for the global company.
Jose EstebanHe assumed the position of President Director 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 operation by integrating the best global practices to serve the Brazilian market in an increasingly strategic way," says Esteban.
David Brito, current Country Manager of Ebury Bank in Brazil, also brings experience in leading international operations. Previously, Brito was the Country Manager for 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 Ebury globally and supporting growth in a strategic market for foreign exchange services and international financial solutions. "Our strategy is to offer international standard financial solutions, meeting the specific needs of Brazilian companies and expanding our customer base," comments Brito.
