SRP caught up with the Brazilian investment bank to explore how the structured products landscape unfolded in Brazil during the turbulent year that was 2020.
Rafael Miranda ( pictured ), who recently joined the firm’s structuring and sales division, discusses activity at XP over the past year, the impact of the low rate environment, the firm’s differentiating qualities, as well as a market outlook and agenda for 2021. Can you describe the scope of the structured product market in Brazil in 2020? What asset classes and underlyings drove activity at XP Investimentos ? Rafael Miranda: Amid the increased volatili