David Vélez and Robin Vince join the boards of the OpenAI Foundation and OpenAI Group PBC
| Source: OpenAI Blog
Tags: OpenAI, David Vélez, Robin Vince, BNY Mellon, Nubank, governance, board-appointments
OpenAI appointed Nubank founder David Vélez and BNY Mellon CEO Robin Vince to its boards, adding financial sector institutional credibility as the company finalizes its restructuring into a public benefit corporation.
Details
OpenAI has appointed David Vélez, founder and CEO of Nubank — Latin America's largest digital bank serving over 100 million customers — and Robin Vince, President and CEO of BNY Mellon — one of the world's oldest financial institutions managing approximately 9 trillion in assets under custody — to the boards of the OpenAI Foundation and OpenAI Group PBC.\n\nThe appointments come as OpenAI navigates its complex governance transition from a capped-profit structure to a public benefit corporation. Adding two senior figures from global financial services sends a deliberate signal about the kind of governance credibility OpenAI is building — the kind typically expected of companies operating at institutional financial scale, not just technology startups.\n\nVélez brings experience scaling a fintech from zero to global bank across emerging markets, with particular depth in regulatory navigation and consumer financial products. Vince brings traditional institutional finance credibility and the regulatory experience that comes with running a systemically important financial institution, directly relevant to OpenAI's growing enterprise and government partnerships.\n\nBoth appointments strengthen OpenAI's position with regulated-industry enterprise buyers in banking, asset management, and government — and are consistent with preparation for scenarios that require traditional boardroom legitimacy, such as an IPO or expanded partnerships with financial regulators.