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Luiz Carlos Trabuco is now Bradesco’s chairman after taking over from Lazaro Brandao. Brandao recently stepped down having served for over 25 years in Brazil’s second largest bank which triggered a CEO succession race now that Luiz has been appointed the bank’s chairman. Currently, Luiz Carlos Trabuco is holding both the chairman and CEO positions until the bank appoints its next CEO. Luiz Carlos is a native of Brazil, born in 1951.

He has an outstanding record in the financial services industry having worked in Bradesco since 1943 when he joined the bank as a clerk and worked his way up the ladder to becoming one of the four CEO’s that has served Bradesco in its history. He is committed to professionalism and excellence; virtues demonstrated in his work ethic and experience. In his service for Bradesco and its clientele, Luiz has earned several awards and recognition as well as receiving acknowledgment of being a successful banking professional.

Education and Career Accomplishments

Luiz graduated from São Paulo Brazil with a philosophy degree and afterward a post-graduate degree in Socio-Psychology from the same University. Ever heard of a person who has worked in one company all his life? Such is the success story of Luiz Carlos Trabuco. Before his appointment as the bank’s chairman, Luiz Carlos Trabuco has been leading Bradesco as CEO since 2009.

His career path started in 1969, then aged 18, when he joined Bradesco Bank as an administrator. Working his way up and 15 years later, in 1984, he was designated a Department Director. Some years later, he was elected a managing director executive in 1998. In 1999, just one year after being named managing director, he has elected Executive Vice President, a position he remained in until his appointment as CEO in 2009. However, in 2003, before being appointed CEO, he started managing Bradesco’s Seguro’s group. He was also named the Insurance person of the year in 2006 and 2007 respectively.

His successful career profile also saw him making it to the list of 100 leading Brazilians and being elected Entrepreneur of the Year in finance in 2015. According to Bloomberg, Luiz Carlos Trabuco is ranked one of the world’s oldest banking leader and professional. Forbes Magazine has also listed him among Brazil’s most successful CEOs.

During his management at Bradesco Seguro’s group, he was able to increase productivity by 10 percent. The bank was also able to double in size with an increase of over 45 billion worth of assets.

Bradesco CEO Race and Succession

Bradesco is Brazil’s second-largest bank with headquarters in São Paulo and over 5,000 local and international branches that provide financial services to its clientele. Bradesco’s next task is to choose a new CEO to take over from Luiz who says the new CEO will be selected from among its top ranking internal executives. The new CEO will be announced 30 days prior the bank’s shareholder meeting in March 2018. Check more:http://istoe.com.br/tag/luiz-carlos-trabuco-cappi/

 

 

Banco Bradesco SA is a privately-owned financial institution in Brazil, larger than all others in the country with the exception of Itau Unibanco. Bradesco, as its name is often shortened to, lost its President Lazaro de Mello Brandao earlier this week. Current Chief Executive Officer Luiz Carlos Trabuco will replace Mr. Brandao as President immediately. As tradition dictates, the bank has almost always promoted executives from within, Mr. Trabuco having worked for Bradesco since his teenage years in 1969. Mr. Brandao is to credit for Bradesco hiring from within, unarguably a solid business practice.

Lazaro Brandao has worked for Bradesco since it was founded in 1943 by Amador Aguiar in Marilia, Sao Paulo, Brazil. At the age of 16, Mr. Brandao began as a clerk, effectively working his way from the ground level to the pinnacle of Bradesco. He started working as President in 1991 after Amador Aguiar stepped down in 1991 due to health issues. Prior to Mr. Brandao’s stepping down on Tuesday, he was only the second person to serve as the company’s President. Mr. Brandao was formerly the entity’s Chief Executive Officer, at the time only the second person to serve in that capacity. To this day, only four persons have worked as CEO of Bradesco.

A regulatory filing on behalf of Banco Bradesco SA indicated that Luiz Carlos Trabuco will serve as both President and Chief Executive Officer until some time in March of 2018. The new CEO will be appointed prior to Bradesco’s annual shareholder meeting that month, according to Mr. Trabuco himself.

It comes as no surprise that Lazaro Brandao stepped down, as few business executives serve their positions at the age of 91, let alone 80 years of age. Bloomberg indicated that Mr. Brandao was one of the oldest banking executives in the world, an accomplishment in itself considering how astute Brandao has been of recent in his decision-making abilities.

Banco Bradesco’s share price has increased 38-odd percent in the past calendar year, reflecting its positive performance in the time period. Although its share price fell 1.2 percent immediately following the announcement, it’s expected to rebound and continue rising, per a five-plus-year trend.

Mr. Luiz Carlos Trabuco, alongside Bradesco’s board of directors, will be selecting one of the seven-highest executives among the bank’s ranks. Following is a list of the seven potential CEOs according to officials at Bradesco:

  • Mauricio Machado de Minas – This executive operates Bradesco’s information technology department and was a major player in its foundation of Next, an online-based bank. He’s been with Bradesco since 2009 and has a lengthy history in IT and computer science.
  • Alexandre da Silva Gluher – Mr. Gluher was hired on to Bradesco in 1976, one of the longest stints among candidates being considered for CEO. Mr Gluher was among the circle of executives that commanded HSBC Holdings’ Brazilian network of financial institutions just two years ago.
  • Domingos Figueir Abreu – Hired in 1981, Mr. Abreu is over consumer lending and treasury responsibility.
  • Josue Augusto Pancini – Pancini was hired in 1975 and is over Bradesco’s top-dollar consumer segment.
  • Marcelo de Araujo Norhonha – This executive is one of the most-newly hired, having been with Bradesco since 2003. Mr. Noronha is responsible for Bradesco BBI and the bank’s issuance of debit and credit cards.
  • Octavio de Lazari – Although Mr. Lazari has only been an executive since May of 2016, he’s been with Bradesco since 1978. He is the leader of insurance and partially responsible for the entire banking institution’s financial performance.
  • Andre Rodrigues Cano – Mr. Cano was hired in 1977, and is currently the leader of Bradesco’s human resources. Cano is a new addition to Bradesco’s team of executives, promoted less than one year ago, in December of 2016.

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