Latin America Financials: Citi‘s Daily Statement – 2026.07.02 – Warren Acquisition; XP Advisory Firm Merger; BCB May Credit Data

研报英文原文证据摘录

Latin America Financials: Citi‘s Daily Statement – 2026.07.02 – Warren Acquisition; XP Advisory Firm Merger; BCB May Credit Data

Flash |

02 Jul 2026 08:53:21 ET │ 9 pages

Latin America Financials

Citi’s Daily Statement – 2026.07.02 – Warren Acquisition; XP Advisory

Firm Merge; BCB May Credit Data

CITI’S TAKE

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

coverage.

Gustavo SchrodenACArgentine Group Acquires Warren, Brazilian Fintech Founded by Former XP

Executives (Pipeline Valor, Jul 1) +55-11-4009-5858

gustavo.schroden@citi.com

Argentina’s Cocos Capital is entering the Brazilian market through the acquisition of Arnon Shirazi, CFA

key Warren assets, including its brokerage infrastructure, asset management +55-11-4009-7906

business, and capital markets operations. The deal, still subject to regulatory arnon.shirazi@citi.com

approval, represents Cocos’ first international expansion and is part of its regional

consolidation strategy. Warren, founded by former XP executives Marcelo Brian Flores, CFA

Maisonnave and Tito Gusmão, oversees more than R$20 billion in client assets and +55-11-4009-2842

had been seeking a strategic partner since 2025. The transaction, whose value was luis.brian.flores@citi.com

not disclosed, will be paid through a mix of cash and Cocos shares, allowing Warren’s

investors to become shareholders in the Argentine platform.

Alza and Invés Merge to Create XP’s Largest Fee-Based Advisory Firm (Brazil Journal,

Jul 1)

XP-affiliated advisory firms Alza and Invés are merging to create the largest fee-based

wealth advisory practice within XP’s network. Together, the firms manage more than

R$4.5 billion in assets and aim to reach R$8 billion by year-end, potentially placing

them among XP’s 30 largest offices.