March 21 (Reuters) - Nu Holdings Ltd ( NU ), which runs

Brazilian digital lender Nubank, said on Friday that Chief

Executive Officer David Velez will resume direct command over

the company's management team "to help streamline market and

global operations".

Since 2022, Nu Holdings's ( NU ) management has been reporting

to Nubank's President and Chief Operating Officer Youssef

Lahrech who, in turn, reported to Velez. Now Velez will again

directly oversee the management team, including Lahrech.

In a securities filing, the firm also said Jagpreet

Duggal will step down from the Chief Product Officer position in

early April, adding the role will not be backfilled as the

functions will be split between Lahrech and Nubank's head for

Brazil Livia Chanes.

Duggal will become an external advisor to the management

team, the filing said.