Latin America Financials: Citi‘s Daily Statement – 2026.07.03 – A5X Management; Itau Payroll Bidding; May Pix Tracker; BZ ST NPLs; BMV June ADTV

Research evidence excerpt

Latin America Financials: Citi‘s Daily Statement – 2026.07.03 – A5X Management; Itau Payroll Bidding; May Pix Tracker; BZ ST NPLs; BMV June ADTV

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03 Jul 2026 11:03:39 ET │ 12 pages

Latin America Financials

Citi’s Daily Statement – 2026.07.03 – A5X Management; Itau Payroll

Bidding; May Pix Tracker; BZ ST NPLs; BMV June ADTV

CITI’S TAKE

Daily report over key topics of LatAm financial companies under Citi’s

coverage.

Gustavo SchrodenACA5X Derivatives Exchange Appoints New Executive Team (Valor, Jul 2)

+55-11-4009-5858

A5X, the new Brazilian derivatives and futures exchange, announced a revamped gustavo.schroden@citi.com

executive structure as it prepares to begin operations in early 2027. Former B3 COO Arnon Shirazi, CFA

Cícero Vieira will take over as Chief Operating Officer, while Dinarte Licks, formerly of +55-11-4009-7906

XP and Warren, becomes CFO. Founder Karel Luketic moves from CFO to Vice arnon.shirazi@citi.com

President alongside CEO Carlos Ferreira. The company is strengthening its

governance, technology, risk, and product teams as it advances system development Brian Flores, CFA

and testing, backed by technology acquired from the London Stock Exchange Group +55-11-4009-2842

and supported by strategic investors including XP. luis.brian.flores@citi.com

Itaú Pays R$2.2 Billion to Renew Minas Gerais Payroll Contract (Valor, Jul 2)

Itaú won the bidding process to continue managing payroll services for approximately

670,000 active and retired public employees and pensioners in the state of Minas

Gerais. The bank will pay R$2.188 billion for a five-year contract, with the amount

recorded as an intangible asset and recognized in earnings over time. Itaú already

provides payroll services to the state under a contract awarded in 2021, which expires