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Bradesco Bank Merges Under Luiz Carlos Trabuco

posted on April 21, 2018 by in Banking, Business Leader

When Luiz Carlos Trabuco proposed a merger for Bradesco bank, the bank supported it. Luiz Carlos Trabuco worked there for a long time and knew the bank well. He knew what would be best for the bank and wasn’t afraid to show people things would get better if he could do everything right. As long as Luiz Carlos Trabuco was doing everything in a positive way, he was sure he’d be making the right choices. He didn’t stop doing anything that he wanted and that’s how he made things better. It was also how he planned to keep helping people through different opportunities.

Since joining the bank as clerk, Luiz Carlos Trabuco always wants to make sure the clients are getting the best service possible. He isn’t afraid to go above and beyond to make things better for all his clients. He also tries to show them they have a better chance at doing things right if they see the positive parts of the business. It’s his way of making a difference and giving people the things they need to improve in different situations. It’s also part of what allows him to continue offering different options to those who are in need.

Read more: Bradesco anuncia Octavio Lazari no lugar de Luiz Carlos Trabuco

For Luiz Carlos Trabuco, the point of the business is making sure people see things will keep getting better. He spent a lot of time learning about the right way to do everything and the right way to make a difference for those who were in the business. Depending on the way things worked, Luiz Carlos Trabuco felt good about the opportunities according to g1.globo.com. He also felt it was important to show everyone how things would change based on the business. If the bank improved, the clients would get all the benefits from it because they would see more opportunities.

CEO Luiz Carlos Trabuco also knew people would benefit from having a bank that had a bigger perspective on different things. Since he knew what was going to happen and what was going to make a difference, Luiz Carlos Trabuco felt good about the business. He wasn’t afraid to show people the right way to do different things and that’s how he spent his time working with others. As long as there were times for Luiz Carlos Trabuco to see these improvements, he’d know what was going to happen to him in the future. He also knew the bank would keep getting better no matter what.

While Luiz Carlos Trabuco spent time learning how to help people, he felt good about the business part of the bank. He spent time learning about the other bank he wanted to merge with. When he finally made the decision to merge Bradesco with HSBC, he felt good about it. Since he spent so much time researching, he was aware of all the positive things that would come from making the bank better. It was his way of allowing people to see how things could change and how they’d make more sense for people to enjoy on their own. He is the new chairman of the board.

Source: http://economia.estadao.com.br/noticias/geral,bradesco-anuncia-substituto-de-luiz-trabuco-na-presidencia-do-banco,70002178384

The New and Growing Brazil

posted on December 23, 2017 by in Banking, Brazil, Investing, Investment Firm

Even before 2014, Brazil’s economy was one of the fastest nations to recover from the Great Recession. Since 2014, the economy has continued to climb showing the business confidence index at its highest rating. Part of the reason for the bolstered confidence increase can be attributed to two world events.

The first of those events came in 2014 when FIFA hosted the World Cup soccer event. In preparation for this event, the Brazilian government invested millions in the infrastructure of the country and economy to showcase to the world the beauty of Brazil.

The second world even put Brazil on an even grander stage when the country hosted the 2016 Summer Olympics and Paralympics. As Brazil did for the World Cup, they prepared the country for the Olympics. Between government and sponsoror’s funds, Brazil saw rapid growth economically, and in tourism.

Though Brazil has had its struggles economically in the past, the fact the government was willing to address some of the struggling infrastructure and make changes is a positive outlook for the future as Brazil will now begin to compete on the World stage as a world power. The business confidence will continue to climb beckoning outside conglomerates to invest in local companies and inject millions more to strengthen the national GDP.

As the economy improves, and the infrastructure strengthens, this creates better jobs, higher skilled jobs which also opens the door for higher educated applicants. With better schooling and jobs, the middle class will start to grow shrinking the poverty scale between the haves and the have-nots.

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As the decline in poverty starts to take shape, opportunities for everyone will become a reality, even if that is a “feeding from the breadcrumbs” scenario for most, the breadcrumbs will now be larger. With a larger middle class, there is certainly more wealth to share, but also more opportunity for service and causes that help the less fortunate. The wealth becomes more distributed.

Brazil’s economy has been a model for other countries to follow. A mapwork of how to pull out of recessions and bask in the success of economic growth.

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Luiz Carlos Trabuco: Bradesco’s New Chairman and CEO

posted on December 5, 2017 by in Banking, Banks, Business, Businessman, CEO, Entrepreneur

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/

 

 

What’s Coming Up on Bradesco’s Horizon? – Luiz Carlos Trabuco Will Help Select a New CEO

posted on October 28, 2017 by in Banking, Banks

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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