OpenAI announced Tuesday the appointment of David Vélez and Robin Vince to the boards of the OpenAI Foundation and OpenAI Group PBC, adding two financial services executives as the company moves toward a potential initial public offering.
Vélez is the founder, chairman, and CEO of Nubank, the largest digital bank in Latin America
Robin Vince is chairman and CEO of BNY, a financial services company with more than 240 years of history. The company said the two bring experience leading global institutions through technological and market change, and that their perspectives will also strengthen the work of the foundation, including on philanthropy and expanding economic access. “David and Robin are exceptional leaders who have used technology to reshape financial services and expand opportunity at global scale,” Bret Taylor, chair of the OpenAI Foundation and OpenAI Group PBC boards, said in a statement. “Their experience will be invaluable as OpenAI serves more businesses and people around the world, working to ensure AI benefits everyone.” David Vélez founded Nubank in 2013 after encountering the cost and complexity of traditional banking in Brazil. The company now has more than 135 million customers and recently received conditional approval to establish a U.S. national bank, according to OpenAI.
Before founding Nubank, Vélez was a partner at Sequoia Capital and worked at Goldman Sachs, Morgan Stanley, and General Atlantic. Robin Vince became CEO of BNY in 2022 and previously spent 26 years at Goldman Sachs, where he held roles including chief risk officer and treasurer. The two will serve alongside existing board members including OpenAI CEO Sam Altman, Bret Taylor, Quora CEO Adam D’Angelo, and retired U.S.