Stone&Co Fortifies M&A Team with Industry Veteran Victor Bussad
In a move signaling aggressive expansion strategies, Stone&Co has bolstered its mergers and acquisitions (M&A) team by bringing on board Victor Bussad, a former treasurer of healthcare giant Rede D’Or. Bussad commenced his role at the fintech company, often identified by its emblematic green card machines, earlier this week.
Bussad’s career trajectory is marked by significant tenures at notable institutions. Having spent three years at BTG Pactual, a prominent Brazilian investment bank, he transitioned to Rede D’Or, where he dedicated a decade of service. His tenure at Rede D’Or was particularly distinguished for his involvement in an ambitious M&A agenda, which cemented the Moll family’s company as an undisputed leader in the healthcare sector.
The last two years saw Bussad at Pátria Investments, a major player in private equity in Latin America. There, he navigated the complex landscape of healthcare investments for Pátria’s Fund VII, still in the fundraising phase at the time of his departure.
In his new role at Stone, Bussad will report to CFO Mateus Scherer. His responsibilities will extend beyond identifying M&A opportunities; he will also scrutinize the strategic decision of ‘build or buy,’ essentially evaluating whether it is more advantageous for Stone to acquire an existing business or to develop new operations internally from scratch. This dual strategy aims not only to expand Stone’s market footprint but also to enhance its competitive edge in a rapidly evolving fintech landscape.
Stone’s valuation on the Nasdaq closed at a robust $3.6 billion yesterday, underscoring the company’s significant market presence and its potential for further growth under Bussad’s strategic oversight.
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This strategic appointment by Stone&Co is the latest chapter in an unfolding narrative of fintech evolution, recalling parallels to historical consolidations seen in other sectors such as John D. Rockefeller’s establishment of the Standard Oil monopoly or the aggressive mergers of the tech industry during the late 20th century. Bussad’s wealth of experience and his proven track record augur the potential for transformative impacts within Stone&Co, akin to those historic consolidations that have redefined industries.
