Business

Brazil's broker XP wants to become a financial hub in LatAm with international expansion

XP will start its internationalization offering financial products from several countries to Brazilian clients

Thiago Maffra, CEO of XP. Photo: Courtesy/XP
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Brazil‘s broker XP‘s CEO, Thiago Maffra, said at a meeting with investors and analysts on Wednesday that XP aims to become a financial services hub in Latin America through a planned international expansion.

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Even so, Maffra said that Brazil still offers great growth potential for the company. Therefore, XP does not plan any acquisition outside the country at the moment. According to him, XP will start its internationalization by offering financial products from several countries to Brazilian clients.

(Translated by LABS)

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