Ex-Morgan Stanley Banker Becomes CFO of Fintech He Took Public
- Santiago Stel helped top Latin America digital banks go public
- Executive plans to double clients, boost credit book fourfold
This article is for subscribers only.
As a banker at Morgan Stanley, Santiago Stel helped some of the biggest names in Latin America’s once-booming fintech industry go public, including XP Inc. and Nu Holdings Ltd.
But as the craze for initial public offerings cooled and Stel was considering his next career moves, it was one of his IPO clients that caught his eye: Inter & Co., the digital bank controlled by Brazil’s billionaire Menin family. Intrigued by the company’s business model, he left Wall Street in 2022 and joined the firm. Now, after a year running strategy, he was just named chief financial officer.