Title: Board Member and Former Chief Financial Officer
Company: XP Investimentos
Location: Scarsdale, New York, United States
Bruno Constantino Santos, board member and former chief financial officer at XP Investimentos, has been recognized by Marquis Who’s Who Top Executives for dedication, achievements, and leadership in finance.
With over two and a half decades of experience, Mr. Santos has established a successful career in financial services, specializing in equity, corporate finance, M&A negotiations, and corporate governance. He currently excels as a partner at XP Investimentos, a position he has held since 2012, and as a board member at XP Inc. since 2019. In this capacity, he researches competitors and other companies, participates in board committees, and networks with and studies other companies for XP’s long-term strategy. His experience also includes chief financial officer at XP Investimentos from 2019 to 2024, partner at Graphus Capital from 2010 to 2012, co-portfolio manager at Emerging Markets Management in 2010, investment professional at BTG Pactual from 2008 to 2010, partner and investment professional at Pactual, now BTG Pactual, from 2004 to 2008, investment professional at Pactual from 2000 to 2004, and analyst in corporate finance at Icatu Investimentos from 1998 to 2000. Laying a solid educational foundation, he earned a bachelor’s degree in mechanical and industrial engineering from Pontifícia Universidade Católica do Rio de Janeiro in 1998, a Master of Business Administration in executive finance from Ibmec in 2000, and the 2021 CFO Leadership Program at Harvard Business School. He is also a CFA charterholder, certified by the CFA Institute.
Reflecting on his path, a mechanical engineer by training, Mr. Santos has dedicated his career to the financial markets. He began his journey in 1998 at the investment bank Icatu in Brazil, the largest bank in Latin America today. He then joined Pactual, a prominent Brazilian investment bank, in 2001 and became a partner in 2004. Starting as an analyst, he was involved in merger and aquisition transactions and corporate structuring before helping launch Pactual Capital Partners l. Working alongside two other partners, he helped build the business from the ground up. After a stint in Emerging Markets in the United States, he returned to Brazil as the CIO of a family office. In 2012, he joined XP to develop its investment banking business. As head of equity and debt capital markets, he played a key role in XP’s IPO on Nasdaq in 2019 and later served as chief financial officer. Following the conclusion of a shareholders’ agreement with Itaú BBA, he led efforts to strengthen corporate governance, establishing distinct board and executive roles. Now serving as a board member, he contributes to forming new committees and recruiting independent members.
Mr. Santos takes great pride in his role as the lead analyst and negotiator for two private equity investments in the energy sector during his time at BTG Pactual. The first investment involved a company in the Brazilian state of Maranhão, which experienced significant growth, resulting in a remarkable thirtyfold return in four years. The second investment was in the energy distributor Light in Rio de Janeiro, which also yielded significant returns within a short period. Additionally, he oversaw the successful IPO project at XP, which was executed in record time, raising over $1 billion and achieving a secondary offer. He attributes his success to his resilience. In advising aspiring professionals, he emphasizes that nothing worth achieving comes easily, but one can overcome any challenge with resilience. Looking to the future, he envisions himself making a meaningful contribution to the United States, potentially in a leadership or investment capacity.
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