RTTNews | Dec 24, 2020 07:01AM EST

07:00 Thursday, December 24, 2020 (RTTNews.com) - XP Inc. (XP), a Brazil-based technology-driven financial services platform, said Thursday it has acquired Riza M&A, an independent financial advisory company.

XP noted that Riza teams is among the most seasoned and respected in the segment, with experience in important financial institutions and active participation in some of the most relevant merger and acquisition or M&A transactions over the last decades.

Riza's partners, including Marco Gonalves and Andr Quaresma, will join XP's M&A team.

XP noted that the acquisition of Riza is aligned with its strategy to reinforce its Capital Markets ecosystem.

"There is a huge potential for development in the Brazilian Capital Market. At Issuer Services, XP is already number one in Fixed Income and REITs, in addition to being one of the three main players in Equities," said Pedro Mesquita, partner and head of XP Investment Banking.

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