Santiago Horacio Stel

Career

1. 2023 – now
   Inter & Co, Inc.src
   Senior Vice President of Finance and Risks (CFO)
2. 2022 – 2023
   Inter & Co, Inc.src
   Chief Strategy and Investor Relations Officer
   The FY2021 20-F (May 2022) said the new US-based investor-relations department would be led by him (20F-FY21)
3. 2012 – 2022
   Morgan Stanley (Investment Banking Division, New York)src
   Banker advising Latin American financial institutions on M&A, debt and equity deals, including Banco Inter's IPO
   The 20-F says '10 years'; the start and end years are inferred from Barclays ending in 2012 and Inter starting in 2022. Title not stated
4. 2011 – 2012
   Barclays Capitalsrc
   Role not stated
5. 2004 – 2009
   Itaúsrc
   Role not stated

Not located: 2009-2011 was the Duke MBA. Titles at Itaú, Barclays and Morgan Stanley are not stated in any filing, and the Morgan Stanley years are inferred from the '10 years' the 20-F gives

Achievements

• As a Morgan Stanley banker he worked on Banco Inter's IPO, then joined the company in 2022 and became CFO in July 2023src
• Named in May 2022 to lead the new US-headquartered investor-relations department planned for the Nasdaq listingsrc
• Runs finance, risk, accounting, treasury, legal and research at group level, reporting to the CEOsrc
• Net income rose from R$352m in 2023, the year he became CFO, to R$973m in 2024 and R$1,397m in 2025src

Education

• University of Buenos Aires, Degree Economics (2005)src
• Duke University, MBA (2011)src

Background

• Family The 20-F's only disclosed family ties are among the Menin family; there are no family relationships between him and any director or officersrc
• In the press Bloomberg covered his appointment as the ex-Morgan Stanley banker who became CFO of the fintech he took publicsrc
• Other Argentine-educated (University of Buenos Aires); on the 20-F signature page as CFO. No employment agreement with the companysrc