Bloomberg: Greensill Taps ING Veteran to Expand Into Brazil

By Cristiane Lucchesi, Bloomberg:

Greensill Capital, a fintech backed by SoftBank Group Corp., hired Samuel Canineu as Brazil country head to lead an expansion into Latin America’s biggest economy.

Canineu, ING Groep NV’s former chief executive officer in Brazil, will operate out of Sao Paulo for London-based Greensill, which makes loans companies use to pay their suppliers.

“I believe Brazil has a lot of potential, and I want to be at a company that has strong ambitions for Brazil,” Canineu, 39, said in an interview.

Greensill will start offering Brazilian companies more offshore, dollar-denominated credit, a market in which its infrastructure and technology are already in place. The plan is also to build a local team to deliver real-denominated local credit.

Read the full article in Bloomberg