September 30, 2020 |
Brazilian investment management company XP Investimentos kicked off an expansion drive to add breadth and depth to its platform in 2020.
Since the start of the year XP acquired several financial technology firms, including online insurance brokerage DM10, banking app Fliper and digital platform Antecipa. It also launched financial services platform DuAgro with VERT Securitizadora to provide credit lines for rural producers.
Strategic partnerships with France’s AXA Investment Managers in May plus Chile's Moneda Asset Management and US investment management firm Neuberger Berman in August provide clients of the brokerage access to feeder funds for US-based, Multi-Cap and Latin American equity
One of Brazil’s largest brokerage firms, XP Investimentos has set off on an aggressive acquisition spree while landing some high-profile executives to join its team in a bid to take on the nation’s largest banks