The ChatGPT maker has put two banking chiefs on both its nonprofit and for-profit boards: Nubank’s David Vélez and BNY’s Robin Vince. It is the kind of Wall Street ballast a company assembles when it is getting ready to face public investors.
OpenAI is not a public company yet. Its latest board picks suggest it is preparing to become one. It has appointed two veteran banking chiefs to its boards. That is the clearest governance signal so far that a stock market debut is on the horizon.
The company said on Tuesday that both executives will join two boards at once. Vélez founded and runs the Latin American digital bank Nubank. Vince is chairman and chief executive of BNY, a custody bank more than 240 years old. Both will sit on the OpenAI Foundation, its nonprofit parent, and on OpenAI Group PBC, its for-profit arm.
“David and Robin are exceptional leaders who have used technology to reshape financial services and expand opportunity at global scale,” said Bret Taylor, who chairs both boards. He added that their experience would matter “as OpenAI serves more businesses and people around the world.”
A board built for Wall Street
