Old challenge for XP’s new leader

Founder and former chief executive Guilherme Benchimol was keen to stress the mould-breaking attributes of his chosen successor as he passed the reins of XP Inc to Thiago Maffra in May.

As well as being just 36 – youthful even by today’s standards to be boss of a $23 billion bank – Maffra comes from the tech side of fintech. His career has involved positions such as partner at a crypto exchange and a high frequency trader, and he was previously chief technology officer at XP. This illustrates Benchimol’s belief that XP needs someone with a deep understanding of digital at the helm as he becomes chairman of the board.

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