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Brazil broker XP eyes acquisition to add clients, tech, says incoming CEO

05/11/2021 10:59
Brazil broker XP eyes acquisition to add clients, tech, says incoming CEO

- Brazilian brokerage XP Inc XP.O said it is interested in acquiring companies which increase its number of clients or add new technologies, incoming Chief Executive Thiago Maffra told journalists on Tuesday.

Last week, Reuters reported that XP was eyeing the Brazilian subsidiary of Credit Suisse Group AG CSGN.S, citing sources. XP's founder Guilherme Benchimol declined to comment on the matter, adding XP's priority is organic growth.




(Reporting by Carolina Mandl)

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