Brazil’s financial services platform XP has announced the hiring of the ‘Best LGBT+ executive ally globally’ José Berenguer (pictured) to lead the expansion of the wholesale bank business.

Berenguer will assume the position of CEO of Banco XP after a garden leave period and will be responsible for transforming the ‘wholesale segment through the development of innovative products and services, with a focus on generating value through long-term and transparent relationships with customers’. Berenguer will be in charge of the new expansion phase at the Brazilian bank. Banco XP entered the structured products market in Brazil as a new issuer/manufacturer in Q4 2019 after

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