Agibank, a financial institution that operates a hybrid platform combining the efficiency and scalability of digital banking with the proximity and warmth of physical presence, launched its new business vertical, Agibank Asset Management. Agibank is a subsidiary of AGI.
This new line of business aims to expand Agibank’s footprint in the market by leveraging the bank’s credit expertise to structure credit products and facilitate access for companies, marking the first step toward the creation of its future wholesale bank and utilizing the bank as a service.
The initial product, focused on fixed income and private credit, is scheduled for launch this month. Agi Asset plans to introduce a Credit Receivables Investment Fund (FIDCs), offering greater diversification within the private credit investment market. In a later phase, the asset management unit intends to broaden its portfolio by structuring its own credit receivables products.
“The creation of Agi Asset marks a significant milestone in our strategy to expand and diversify our portfolio,” Glauber Correa, CEO of Agibank, said. “We are leveraging our deep expertise in the credit market to drive the growth of this new business vertical.”
To lead Agi Asset, Agibank has appointed Luiz Locchi de Oliveira Ribeiro, a professional with 20 years of experience in the financial sector and a specialist in asset management and private banking, who has previously held leadership roles in the Asset Management and Private Banking divisions at Itaú.
“I’m excited to lead this strategic initiative at Agibank and confident that our technology and business model will enable us to capture the opportunities emerging from the growth and modernization of Brazil’s securitized credit market,” Locchi said.
Headquartered in São Paulo, the new asset management is founded with the purpose of democratizing corporate access to the capital markets by connecting solid companies with investors. Agi Asset will leverage the bank’s well-established expertise in the payroll loan segment, expanding its presence in the credit market for both individuals and businesses.
One of Agi Asset’s major differentiators will be investment in technology and artificial intelligence.
“Our mission is to build a truly distinct Asset Manager,” highlighted de Oliveira Ribeiro said. “While traditional firms have relied on large support structures and legacy systems, our focus is on hiring developers and AI specialists to create solutions that scale our credit analysis capabilities and drive greater efficiency. Initially, our focus will be on private credit products, paving the way for investors to access returns in a market with tremendous growth potential. We are launching this new project with bold ambitions.”
