Thiago Maffra

Chief Executive Officer, Xp

Search every verified Thiago Maffra interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Thiago Maffra, CEO of XP Inc., has discussed the company's growth and strategy in several public appearances in 2023 and 2024. At Expert XP 2024, he spoke with Morris Dayan of Banco Daycoval about the financial market's future, noting that XP holds an 11% market share in investments and aims to expand into new areas such as banking, cards, payments, credit, and insurance, which he said represented 11% of revenue in the second quarter of 2023 after growing 67% year-over-year. He described XP's goal as being a "one-stop shop" for investing clients rather than competing with large banks across all segments, and he highlighted the company's educational origins, tracing its history from 2001 when founder Guilherme taught stock market investing to small groups. In other appearances, Maffra has addressed market conditions and the role of investment advisors. On a March 2024 Morning Call, he discussed the potential for investor rotation from fixed income into riskier assets, noting that Brazilian investors have historically favored fixed income due to high interest rates. He also emphasized that advisors should help clients with broader financial planning, including goals, liquidity needs, and risk management. In a 2023 Expert Talks interview, he reflected on the challenges of the previous two years, describing the macroeconomic environment with interest rates rising from 2% to 13.75% as potentially the hardest period in XP's 22-year history, while also stressing the importance of cultural fit and leadership skills over technical expertise. In earlier remarks from 2022, he expressed views on entrepreneurship as a driver of wealth and predicted consolidation in the Brazilian fintech market.