The online broker has amassed 410,000 end clients via a network of 2,000 independent agents, and has tried to appeal to investors seeking an alternative to banks. XP has become an important channel for independent asset managers, who are unable to get onto the platforms of large banking entities.
Itaú digs claws into Brazilian “un-bank” XP Investimentos, buying 49.9% for USD 2 billion
May 12, 2017 by
General Atlantic to increase stake in Brazil’s XP Investimentos to 49%
April 22, 2016 by
The brokerage firm and fund distributor is growing not only in Brazil but also in the US, where it will probably double headcount this year to about 90 people, with half in Miami and the other half in New York, says CEO Guilherme Benchimol.
