Brazil’s XP moves to tap domestic private banking market; Luma Technologies boosts ranks in Latam expansion; Barclays names co-heads of global equities within the markets division; and more.
Brazil’s financial services platform XP Inc. has formed a partnership in the Wealth Management segment with an undisclosed group of ‘experienced private bankers’ that are former executives of Credit Suisse Hedging-Griffo. XP Inc. will hold a 49.9% minority stake in the company, with the transaction complementing the existing offering to ultra-high-net-worth individuals. The Brazilian firm is seeking to leverage the former Credit Suisse team’s expertise in wealth ma
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