The Brazilian investment bank’s subsidiary XP Investimentos has increased its structured product sales by a whopping 125% in the second quarter of 2021 to BRL1.2 billion (US$225.5m) over 107 products, from BRL552m for 33 products.

XP’s structured product sales steadily increased over the past year reaching BRL820m (78 products) in the third quarter of 2020 and BRL1.2 billion in the final quarter (55 products) before dropping to BRL1.1 billion in the first quarter of 2021 (61 products). The bank has remained a leader in the Brazilian market since Q2 20 and currently ranks as the most prolific issuer group on the SRP league tables . Following closely behind are BTG Pactual (BRL 114m/18), Credit Suisse (BRL 108m/13),

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