XP Appoints Victor Mansur as Chief Financial Officer Effective August 1, 2024

XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today announced today that Victor Mansur has been appointed Chief Financial Officer effective August 1, 2024, succeeding Bruno Constantino. Mr. Constantino will work closely with Mr. Mansur to ensure a smooth transition. Mr. Constantino will also continue to support XP in an advisory role for a 12-month period after the transition and will remain a member of XP’s Board of Directors. In addition, current Head of Investor Relations André Parize, who has been named Chief Investor Relations Officer, effective August 1, 2024, will report to Mr. Mansur.

Mr. Mansur currently serves as XP’s Deputy Chief Financial Officer and has held a variety of senior roles at XP since joining the company in 2012. He has been a member of XP’s Finance team reporting directly to Mr. Constantino since 2022 after having previously served as Executive Director; Head of Treasury; and Head of Structuring, Trading, and Sales. Before coming to XP, he was at two separate broker-dealer firms.

“Victor has been a key contributor to XP’s growth over the last decade into a financial services ecosystem that serves more than 4.5 million active clients. His deep understanding of our strategy and operations as well the experience he has gained overseeing much of our day-to-day finance department activity in recent years make him a natural fit to take on the CFO role,” said Chief Executive Officer Thiago Maffra. “We are grateful to Bruno’s significant contributions to growing XP to what is today and the work he has done to set Victor up for success. His continued involvement as a Board member will be critical in our ongoing efforts to implement best-in-class corporate governance practices.”

“It has been a privilege to work alongside our 6,700 employees as we turn our powerful mission into a reality, and while my title may be changing, my dedication to XP remains unwavering. By devoting more time to my responsibilities as a Director, I am excited to further strengthen our corporate governance, support our management team, and oversee a thorough succession planning process,” said Mr. Constantino. “Victor and I have been working together in the Finance team for almost two years. He will be an excellent CFO to guide XP into its next chapter, and I am committed to working closely alongside him in the coming months to facilitate a smooth transition.”