SÃO PAULO — March 4, 2026
Executive Summary
Agibank has announced the launch of Agibank Asset Management (“Agi Asset”), a new business vertical focused on private credit investment solutions. The initiative follows regulatory approval from Brazil’s Securities and Exchange Commission (CVM) and represents an expansion of Agibank’s financial services platform. Agibank operates as a subsidiary of AGI Inc. (NYSE: AGBK).
The new asset management division is designed to expand Agibank’s presence in the credit and capital markets by leveraging the bank’s experience in lending and financial services. The company indicated that the initiative represents the first step toward the development of a future wholesale banking platform supported by a Bank-as-a-Service model.
The new division will initially focus on fixed income and private credit investment products, including Credit Receivables Investment Funds (FIDCs). Agi Asset is scheduled to launch its first investment products during March 2026 and plans to expand its portfolio of credit receivables products in subsequent phases.
Announcement Overview
Agibank has formally introduced Agi Asset, a new asset management division that will focus on structuring and distributing private credit investment products. The launch follows approval from Brazil’s securities regulator and represents an expansion of the bank’s financial services platform into asset management.
According to the company, the initiative is intended to expand Agibank’s footprint within the financial sector by leveraging its experience in credit markets to structure investment products and facilitate access to capital for companies.
Agibank operates a hybrid banking model that combines digital banking services with physical branches. Through this model, the bank provides financial services designed to reach a broad customer base across Brazil.
The establishment of Agi Asset represents a strategic development within Agibank’s broader growth strategy. The new division will operate as a wholly owned subsidiary of Banco Agibank S.A. and will focus primarily on private credit investments in its initial phase.
The company stated that the asset management business will contribute to the development of a future wholesale banking platform while supporting the bank’s expansion into new areas of financial services.
Key Announcement Details
- Announcement Type: Launch of a new asset management business division
- Institution: Agibank, a Brazilian financial institution operating a hybrid banking platform combining digital banking services with physical branch presence
- Parent Organization: AGI Inc. (NYSE: AGBK)
- New Business Vertical: Agibank Asset Management (“Agi Asset”)
- Regulatory Approval: Operations begin following authorization from the Brazilian Securities and Exchange Commission (CVM)
- Ownership Structure: Agi Asset operates as a wholly owned subsidiary of Banco Agibank S.A.
- Strategic Purpose: Expand Agibank’s market footprint by leveraging the bank’s credit expertise to structure credit products and facilitate access to capital markets for companies
- Strategic Milestone: Represents the first step toward the development of Agibank’s future wholesale banking operations
- Operational Model Alignment: Supports the bank’s use of a Banking-as-a-Service (BaaS) model
- Initial Investment Strategy: Focus on fixed income and private credit investment products
- First Product Category: Credit Receivables Investment Funds (FIDCs)
- Initial Product Launch Timeline: First investment products scheduled for launch during March 2026
- Investment Objective: Provide diversification within the private credit investment market
- Future Product Expansion: Agi Asset plans to expand its portfolio by structuring additional credit receivables products in later phases
- Asset Classes Targeted:
- Debentures
- CRIs (Real Estate Receivables Certificates)
- CRAs (Agribusiness Receivables Certificates)
- FIDCs (Credit Receivables Investment Funds)
- Underlying Asset Focus: Credit receivables backed by payroll loans
- Leadership Appointment: Luiz Locchi de Oliveira Ribeiro appointed to lead Agi Asset
- Executive Role: Chief Investment Officer of Agi Asset
- Professional Experience: Approximately 20 years of experience in the financial sector
- Previous Experience: Leadership roles in Asset Management and Private Banking divisions at Itaú
- Headquarters: São Paulo, Brazil
- Office Location: Faria Lima Avenue financial district
- Investment Team Location: São Paulo-based investment team
- Governance Structure: Independent governance framework established for the asset management unit
- Governance Oversight: Dedicated committees responsible for overseeing the asset management operation
- Operational Segregation: Governance structure designed to ensure separation between Agibank’s banking operations and client asset management activities
- Technology Strategy: Investment in technology infrastructure and artificial intelligence
- Technology Objective: Scale credit analysis capabilities and improve operational efficiency
- Operational Approach: Hiring developers and artificial intelligence specialists to build analytical and operational solutions
- Market Focus: Brazil’s securitized credit market
- Strategic Market Objective: Connect companies seeking financing with investors through structured credit investment products
- Credit Expertise Leveraged: Agibank’s established experience in the payroll loan segment
- Target Beneficiaries:
- Companies seeking access to capital markets
- Investors seeking exposure to private credit investment opportunities
- Operational Mission: Democratize corporate access to capital markets by connecting companies with investors
- Strategic Positioning: Use Agi Asset as a foundational platform for Agibank’s future wholesale banking operations.
Strategic Context: Expansion Into Asset Management
The creation of Agi Asset represents a new stage in Agibank’s expansion into investment and capital markets activities. The company stated that the asset management division will focus on developing private credit investment products while leveraging the bank’s existing expertise in credit markets.
Agibank noted that the new unit is intended to facilitate access to capital markets for companies by structuring credit investment products and connecting businesses with investors. The asset manager will operate as part of Agibank’s broader strategy to expand its portfolio of financial services.
The company indicated that the initiative also represents an early step toward the development of a wholesale banking operation. Through this structure, Agibank plans to utilize banking-as-a-service capabilities to support financial products and services offered through its platform.
The first product offering under Agi Asset is expected to focus on fixed income and private credit investments. The company plans to introduce a Credit Receivables Investment Fund (FIDC), which will allow investors to access diversified private credit assets.
According to the company, additional investment structures may be developed in future phases, including products based on credit receivables originating from Agibank’s lending operations.
Leadership Appointment and Organizational Structure
Agibank has appointed Luiz Locchi de Oliveira Ribeiro to lead the newly created asset management division. Ribeiro brings approximately two decades of experience in the financial sector, including leadership roles in asset management and private banking.
Prior to joining Agibank, Ribeiro held positions within the Asset Management and Private Banking divisions at Itaú. In his new role, he will oversee the development and expansion of Agi Asset’s investment strategies and operational framework.
“The creation of Agi Asset marks a significant milestone in our strategy to expand and diversify our portfolio,” said Glauber Correa, Chief Executive Officer of Agibank. “We are leveraging our deep expertise in the credit market to drive the growth of this new business vertical.”
Ribeiro emphasized the strategic importance of the initiative and the role of technology in the new asset manager’s development.
“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,” said Luiz Locchi de Oliveira Ribeiro.
The company indicated that the asset manager will operate with an independent governance structure designed to ensure segregation between banking operations and client asset management activities.
Technology and Investment Infrastructure
According to Agibank, the new asset management division will place a strong emphasis on technology and artificial intelligence to support credit analysis and operational processes.
The company stated that the investment strategy will incorporate technology-driven tools designed to enhance analytical capabilities and improve operational efficiency in the management of private credit investments.
“Our mission is to build a truly distinct Asset Manager,” said Luiz Locchi de Oliveira Ribeiro, Chief Investment Officer of Agi Asset. “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.”
The company noted that technology investments will play a central role in the division’s development as it expands its credit investment offerings.
In the initial phase, Agi Asset will focus primarily on private credit investment products. The company stated that these offerings are intended to provide investors with exposure to assets within Brazil’s credit markets.
Market Focus and Investment Products
The asset management division will initially concentrate on private credit investment strategies. The first product expected to be introduced by Agi Asset is a Credit Receivables Investment Fund (FIDC), an investment structure commonly used in Brazil to pool receivables into investable securities.
These funds allow investors to gain exposure to portfolios of receivables that generate fixed income returns. According to the company, the planned FIDC product will provide diversification within the private credit investment market.
Over time, Agi Asset plans to expand its investment portfolio by structuring additional credit receivables products. These products may include securities backed by various types of receivables originating within the Brazilian credit market.
The company stated that its investment strategy will draw upon Agibank’s experience in payroll lending, a segment in which the bank has developed operational expertise.
Through the asset management division, Agibank intends to connect companies seeking financing with investors seeking exposure to private credit investments.
Operations and Governance
Agi Asset will operate as a wholly owned subsidiary of Banco Agibank S.A. and will maintain an independent governance framework designed to ensure separation between the bank’s lending operations and the management of investment assets.
The company stated that the asset manager will have its own committees responsible for oversight and governance, consistent with industry practices for asset management firms.
The investment team will be based in São Paulo, Brazil, with offices located on Faria Lima Avenue. According to the company, the location was selected to facilitate engagement with financial institutions, investment partners, and capital market participants operating in the region.
Agibank indicated that this structure will support the asset manager’s ability to establish relationships with investors and market participants while expanding its investment platform.
About Agibank
Agibank is a Brazilian financial institution that operates a hybrid banking model combining digital banking services with physical branch locations. The bank is designed to serve a broad segment of Brazil’s population, including customers whose needs may not be fully addressed by traditional banks or fully digital financial institutions.
Through its hybrid approach, Agibank provides digital banking services alongside in-person branch experiences designed to support accessibility and customer engagement. The company develops financial solutions aimed at delivering a simplified and inclusive customer journey, particularly for individuals who may not be digital-native users of financial technology.
Agibank operates as a subsidiary of AGI Inc. (NYSE: AGBK) and continues to expand its financial services offerings through initiatives such as the launch of Agi Asset.
The company states that its model enables it to build long-term customer relationships while expanding access to financial services across Brazil.
About Agi Asset
Agi Asset is a new asset management division of Agibank focused on private credit investment solutions. The unit is designed to serve as the foundation for Agibank’s future wholesale banking operations.
Led by Luiz Locchi de Oliveira Ribeiro, the asset manager will develop and manage investment products backed by credit receivables. These may include financial instruments such as debentures, CRIs (Real Estate Receivables Certificates), CRAs (Agribusiness Receivables Certificates), and FIDCs (Credit Receivables Investment Funds).
The asset management division will incorporate technology and artificial intelligence into its analytical and operational processes, supporting the management of credit investment portfolios.
According to the company, Agi Asset aims to facilitate access to capital markets by connecting companies with investors through structured credit investment products.
Media Contact
For additional information, visit agibank.com.br.
Source Attribution
Source: Company announcement