Board of Directors

Guilherme Dias Fernandes Benchimol is the chairman of our board of directors, a position he has held since August 2019. Mr. Benchimol has over 20 years’ experience in the financial services market. He founded the XP group in 2001 and was its CEO until May, 2021. Mr. Benchimol also served on the board of XP Brazil as the chairman from August 2018 to November 2019. Mr. Benchimol holds a bachelor’s degree in business economics from Universidade Federal do Rio de Janeiro.

Member of the Compensation, People Nominating and Governance Committee and Performance Committee

Bruno Constantino Alexandre dos Santos is a member of our board of directors, a position he has held since November 2019. Mr. Constantino has over 20 years’ experience in the financial markets. He joined XP CCTVM in 2012 and has been its chief financial officer since 2019. Prior to joining us, he was CIO of Graphus Capital from 2010 to 2012 and a partner at BTG Pactual from 2000 to 2010. He also served as a member of the board of directors of CEMIG from 2002 to 2004, Light from 2006 to 2009, and Valid from 2010 to 2019. Mr. Constantino was awarded a Chartered Financial Analyst (CFA) charter in 2009. Mr. Constantino holds a bachelor’s degree in mechanical engineering from Pontifícia Universidade Católica do Rio de Janeiro and an MBA from IBMEC Group.

Member of the Risks, Credit and ESG Committee and Performance Committee

Mr. Maffra joined XP Inc. in 2015 and has led the strategy and development of XP’s technology-driven financial services platform and digital transformation over the past three years. He is one of the recognized leaders of the FinTech industry in Brazil with a deep understanding of our clients, our business model and the power of advanced technologies and data to disrupt the financial services industry. Maffra began his career as a trader and transitioned to focus on technology after his MBA from Columbia Business School.

Member of the Performance and Management Committee

José Berenguer is the chief executive officer of Banco XP, a position he has held since September 2020. He brings decades of experience in the financial sector, having held senior leadership roles at institutions such as ING and ING Barings, BBA, 3G, Banco Real, Santander, and the Brazilian subsidiary of JPMorgan Chase & Co., where he served as CEO for Brazil from May 2013 to September 2020. Before that, he was CEO of Structured Credit at Gávea Investimentos from May 2012 to March 2013. Throughout his career, Mr. Berenguer developed broad expertise within both global and local financial institutions, later transitioning to XP in 2020 to lead the Wholesale Bank and XP’s banking products. His move to XP aligned with his interest in taking on a more entrepreneurial challenge and contributing to the development and expansion of new financial solutions within the organization. At XP, Mr. Berenguer focuses on building the bank’s capabilities and strengthening its platform of financial services, supporting the company’s broader strategy to offer a more complete suite of products to its clients. Mr. Berenguer holds a bachelor’s degree in Law from Pontifícia Universidade Católica de São Paulo.

Martin Emiliano Escobari Lifchitz is an independent member of our board of directors, a position he has held since November 2019. He has been with General Atlantic since 2012, and is a member of its Management Committee, is the Chair of its Investment Committee, and is the head of its Latin America business. Mr. Escobari serves on the board of directors of XP Brazil, Arco Platform Ltd., Laboratorios Sanfer, S.A.P.I. de C.V., Grupo Axo, S.A.P.I. de C.V., and has previously served on the boards of Ourofino Saude Animal Participações S.A., Sura Asset Management, Smiles S.A., Aceco TI Participações S.A., Grupo Linx, Decolar.com, Inc and Empreendimentos Pague Menos SA. Mr. Escobari co-founded submarino.com and was its chief financial officer from 1999 to 2007. He was an associate at the Boston Consulting Group (New York) from 1994 to 1996, an investment officer at the private equity firm GP Investimentos from 1998 to 1999, and a managing director at Advent International from 2007 to 2011. Mr. Escobari holds a bachelor’s degree in economics from Harvard College (Harvard University) and an MBA (George F. Baker Scholar) from Harvard Business School. He serves on the board of Primeira Chance, a scholarship program for gifted children in Brazil and is active with Endeavor Brazil, where he mentors young entrepreneurs. Mr. Escobari is also a member of the Brazil office of Harvard’s Rockefeller Center for Latin American Studies and a board member of the Lincoln Center for the Performing Arts.

José Luiz Acar Pedro has extensive experience at the highest levels of credit and banking in Brazil. He served as Executive Vice President of BCN and Bradesco, Partner and Member of the Executive Committee at BTG Pactual, CEO of Banco Pan, and Chairman of the Board of Directors of Banco Safra.

Member of the Audit Committee and Performance Committee

Mr. Majolo served as Chairman of the Board of Directors of the Brazilian Deposit Insurance Fund (FGC) and as chairman of the Board of Directors of Banco Votorantim. He has built his career in the financial sector, having served as CEO of Banco Sudameris and as Executive Vice President of Risk and Operations for Latin America at ABN AMRO Real, a position he left to focus on entrepreneurial initiatives in the sustainability sector.

Member of the Risks, Credit and ESG Committee

João Roberto Gonçalves Teixeira has a long track record in wholesale banking and finance as the former CEO of both Copersucar, the world’s largest sugar and ethanol company, and Banco Votorantim, one of the largest privately owned banks in Brazil.

Member of the Audit Committee, Risks, Credit and ESG Committee and Performance Committee

Melissa Werneck has worked for the Kraft Heinz Company since 2013, where she is currently Global Chief People Officer and leads the company’s Diversity, Inclusion and Belonging efforts. An expert in human resources, people management and compensation in multinational organizations, she spent 14 years working at All America Latina Logistica prior to joining Heinz. She also serves as a board member of Fundação Kraft Heinz

Member of the Audit Committee and Compensation, People Nominating and Governance Committee