XP Inc.

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XP Inc.
TypePublic
Nasdaq: XP
IndustryFinancial services
FoundedMay 2001
FounderGuilherme Benchimol and Marcelo Maisonnave
Headquarters
São Paulo
,
Brazil
Key people
Guilherme Benchimol (CEO)
Number of employees
3,000
SubsidiariesXP Investimentos
Clear
Rico
Websitewww.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 have offices in São Paulo, Rio de Janeiro, New York, 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 .[3]

In 2012, XP announced the joining of forces with Prime Corretora.

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

In December 2016, XP Investimentos announced that it had acquired the company Rico Corretora de Valores.

References[]

  1. ^ Bloomberg L.P. (10 December 2019). "Brazil Broker XP Surges in Debut After $1.96 Billion IPO". Retrieved 10 January 2020.
  2. ^ França, Carolina (29 October 2013). "Guilherme Benchimol, o professor de finanças que criou a XP". Exame (in Portuguese). Retrieved 10 January 2020.
  3. ^ Pavini, Angelo (8 September 2011). "XP Investimentos compra InfoMoney e reforça braço on-line Valor Econômico". Valor Econômico (in Portuguese). Retrieved 10 January 2020.

External links[]


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