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Stock impact report

Agibank Launches Asset Management Division

 (AGBK) 
Company Research Source: Business Wire
New asset manager begins operations following CVM approval SÃO PAULO--(BUSINESS WIRE)--Agibank, a leading financial institution that operates a hybrid platform combining the efficiency and scalability of digital banking with the proximity and warmth of physical presence, has announced the launch of its new business vertical, Agibank Asset Management (“Agi Asset”). Agibank is a subsidiary of AGI Inc. (NYSE: AGBK) (“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 Asse Show less Read more
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