Luiz Carlos Trabuco: Bradesco’s New Chairman and CEO

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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/