XP Inc.

Short description: Brazilian financial services company

XP Inc.

Type| Public company

Traded as

* NASDAQ: XP
* Russell 1000 component

B3: XPBR31
Industry| Financial services
Founded| May 2001; 25 years ago (2001-05)
Founder| Guilherme Benchimol
Marcelo Maisonnave
Headquarters|

São Paulo

Brazil

Key people

* Guilherme Benchimol (Chairman)
* Thiago Maffra (CEO)
* Lisandro Lopez (CMO)
* Marino Aguiar (CTO)
* Lucas Rabechini (CPO)
* Gabriel Leal (CHRO)
* Flavio Mota (CDO)

Number of employees

| 3,000+
Subsidiaries| XP Investimentos
Clear
Rico
Website| www.xpinc.com

XP Inc. is a Brazilian investment management company. The company offers fixed income, equities, investment funds, and private pension products, as well as offers wealth management and other financial services. XP serves customers in Brazil and has offices in São Paulo, Rio de Janeiro, New York City , Miami, London and Geneva.[1]

## History

In 2001, Guilherme Benchimol and Marcelo Maisonnave created XP Investimentos CCTVM S.A., in Porto Alegre, as a company of independent investment agents.[2]

In 2005, XP Resource Management, a resource management company, was created. With the incorporation of Americainvest CCTVM Ltda. In 2007, XP Investimentos became a broker. Currently, the company has more than 3 million active customers and more than $130 billion in custody. It operates in several countries, mainly in Brazil and the United States . It has over 8,000 investment advisors spread across 800 offices.

In 2011, XP announced the acquisition of Interfloat and Senso Corretora. In addition, in October 2011, the company also formalized the purchase of Infomoney.[3]

In 2012, XP announced the joining of forces with Prime Corretora.[citation needed]

In July 2014, it announced the purchase of Clear Corretora for $90 million.[citation needed]

In December 2016, XP Investimentos announced that it had acquired the Rico Corretora de Valores.[citation needed]

In November 2022, Aston Martin F1 Team announced a partnership with XP as the team's official global financial services partner at the 2022 São Paulo Grand Prix.[4]

## References

1. ↑ Bloomberg L.P. (10 December 2019). "Brazil Broker XP Surges in Debut After $1.96 Billion IPO". https://www.bloomberg.com/news/articles/2019-12-10/brazil-broker-xp-is-said-to-price-ipo-above-range-at-27-a-share.
2. ↑ França, Carolina (29 October 2013). "Guilherme Benchimol, o professor de finanças que criou a XP" (in pt). Exame. https://exame.abril.com.br/pme/guilherme-benchimo-o-professor-de-financas/.
3. ↑ Pavini, Angelo (8 September 2011). "XP Investimentos compra InfoMoney e reforça braço on-line Valor Econômico" (in pt). Valor Econômico. https://www.valor.com.br/financas/1000690/xp-investimentos-compra-infomoney-e-reforca-braco-line.
4. ↑ "AMF1 announces partnership with XP". 8 November 2022. https://www.astonmartinf1.com/en-GB/news/announcement/amf1-announces-partnership-with-xp.

## External links

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