Olavo Arthuzo Duarte's questions to XP Inc (XP) leadership • Q1 2025
Question
Olavo Arthuzo Duarte of UBS Group AG asked for a breakdown of the newly disclosed total assets, specifically the amount from fund services (AUA). He also requested more detail on the growth strategy, penetration, and revenue contribution of XP's consortium product.
Answer
CEO Thiago Maffra specified that fund services (AUA) account for BRL 248 billion of the total assets, emphasizing its strategic role in the client ecosystem over its direct yield. Regarding the consortium product, he described it as a fast-growing structured credit solution, with revenue recognized on a recurring basis. He projected it would generate over BRL 100 million in revenue for the year and become a significant future revenue stream.