XP Inc. adopted its new Board of Directors? composition, in line with the press release published on July 10, related to the end of its Shareholders Agreement. XP Inc.?s Board of Directors will now be reduced to 9 members (as opposed to 11, previously), and be composed of the following members: Guilherme Dias Fernandes Benchimol, Bernardo Amaral Botelho, Gabriel Klas da Rocha Leal, Bruno Constantino Alexandre dos Santos, Fabrício Cunha de Almeida, Luiz Felipe Amaral Calabró (independent), Martin Emiliano Escobari Lifchitz, Cristiana Pereira (independent), and Frederico Seabra de Carvalho (independent).

Frederico Seabra de Carvalho is a member of board of directors, a position he has held since July 2023. Mr. Carvalho is an Operating Partner at General Atlantic since September 2012, where he provides strategic support and financial expertise to the firm?s investment teams and portfolio companies with a focus on Latin America. Before joining General Atlantic, Mr. Carvalho served as Chief Operating Officer of the Merchant Banking division at BTG Pactual Group from April 2011 to September 2012.

Previously, he was a Partner in Deloitte?s Transaction Services group in São Paulo, leading deal advisory, corporate reorganization, and diligence services for major private equity investors and strategic clients in Brazil. Mr. Carvalho holds a bachelor?s degree in economics from Universidade de Brasilia, a bachelor?s degree in law and a master?s degree in tax law and taxation from UDF Centro Universitário and an LL.M. in taxation from Boston University.