Category: Brazilian Bank

Bradesco Bank’s Big Decision

At the age of 91, Lazaro de Mello Brandao is on the list as one of the oldest serving chairmen at a bank in the entire world. Recently, he has made an announcement of his stepping down from his role after 25 years serving Banco Bradesco.

It has triggered quite the succession race at this bank in Brazil, the second-largest bank when it comes to market value.

Brandao began his journey as a 16-year-old, working as a bank clerk in 1943. He began one of the two chairmen at the bank, and he was one of the four CEOs. In his lifetime, he has been ranked among the world’s oldest leaders in the banking world.

Brandao claims that there is now a need to renew the board at the bank to help ensure that it continues after he leaves. He even says that he decided to resign, but he will remain in charge of some of the holding companies at the bank.

Brandao is a chairman, and he has fostered a new management culture that will promote new executives from the existing employees instead of looking at outside sources for any new talent. In this way, they hope to use this to choose a replacement for Luiz Carlos Trabuco Cappi, who is set to hold his CEO position and Brandao’s until a replacement can be found.

Luiz Carlos Trabuco Cappi is currently sitting at the president of Bradesco bank, and he will be in charge of choosing a replacement for himself at the bank. As of right now, he is hoping to choose from the seven executives that rank the highest in the bank. Those who know who will be in the running and who will be chosen have been asked to keep the information quiet until an announcement can be made. Now he is the new chairman of the bank. Like Brandao, he also started as clerk after studying at University of Sao Paolo.

Read more: Bradesco deve anunciar sucessor de Trabuco antes do Carnaval

The Talent

The new CEO will come directly from the bank’s talent already employed. Just last year, Bradesco bank had made a change with their maximum CEO age in their bylaws. It extended it to 67 from 65, giving Trabuco a chance to find a successor for his position in the bank.

When looking back to Brandao, it is easy to see how he has no regrets from his time served at the company. He was there for 75 total years. He says he will keep that same desk that he has been working from for the past few years. His family was all supportive of his decision to leave as well, telling him it was time to move on and retire.

There are seven different candidates that could take Trabuco’s position at the bank. Since they are coming from their talent pool, Trabuco, among others, hopes to find someone qualified for the job right in their office. In this way, they will be promoting someone who already knows the ways of the bank and is already on the payroll. This will both help the employees in the office and the bank in many ways.

Some of the possible candidates include the following men:

Mauricio Machado de Minas, 58
Alexandre da Silva Gluher, 57
Domingos Figueiredo Abreu, 58
Josue Augusto Pancini, 57
Marcelo de Araujo Noronha, 52
Octavio de Lazari, 54
Andre Rodrigues Cano, 59

Only time will tell who the bank chooses to fill the open CEO position, but we can expect an announcement as soon as a decision is made. Bradesco Bank needs the help that employing from within can give them. It will help themselves and their employees in various ways, and since their shares are falling, they need to act quickly.

For more information about Luiz Carlos Tarbuco, just click here.

Luiz Carlos Trabuco’s Career At Banco Bradesco

Luiz Carlos Trabuco, the current president and CEO of Banco Bradesco, is one of the most influential business executives in Brazil. In 2015, Trabuco was named “Entrepreneur of the Year” by Dinheiro. The success that he has enjoyed throughout his career is attributed to his unique leadership style.

Mr. Trabuco assumed the presidency of Banco Bradesco in 2009. At the time, the bank was losing to its biggest competitor, Itau Unibanco. To deal with the competition, Trabuco began looking for good acquisition targets. When HSBC announced that it was looking to sell its Brazilian assets, Trabuco saw this as a good opportunity to spread Banco Bradesco’s influence in the country.

After the approval of Lazaro Brandao, the chairman of the board of directors, the bank acquired HSBC’s Brazilian assets for $5.2 billion. This move placed Banco Bradesco high in the Brazilian private sector.

Luiz Carlos Trabuco’s Early Life

Luiz Trabuco was born on October 6, 1951, in Marilia, Sao Paulo. He received his undergraduate degree from the University of Sao Paulo. Trabuco also attended the Foundation School of Sociology and Politics of Sao Paulo, where he received his postgraduate degree.

After Trabuco completed his studies, he began working at Banco Bradesco. He was employed as a clerk. Prior to becoming the president of Banco Bradesco, Trabuco served in different executive positions, including executive vice president (1999), managing officer (1998), and department director (1984).

Besides being the chief executive officer of Bradesco Bank, Luiz Carlos Trabuco holds executive positions at other notable institutions. He serves as the vice chairperson of Bradesco Bank board of directors. Carlos Trabuco is also the chairman of the board of directors of Elo Participações, a member of the Strategic Committee of Vale and a member of the board of directors of Brazilian Federation of Banks.

Luiz Carlos Trabuco has also served as the president of National Association of Private Pensions National Federation of Supplementary Health. Trabuco also served on the boards of the ArcelorMittal Brazil and ABRASCA – Brazilian Association of Publicly-Held Companies. He was once a member of the board of National Academy of Insurance and Pension Plans as well as the Brazil-United States Forum.

Luiz Carlos Trabuco has received several awards in recognition of his role in the banking industry. Among the awards he has received include the Business Sector Leader in Insurance and Pension Plan and the Business Insurance Personality.

Some of the personal honors he has received include the Don Quixote Trophy and the Meritorious Citizen of Marilia Award. Trabuco has been recognized as one of the 100 most influential Brazilians. In 2015, he received the Entrepreneur of the Year Award in the category of finance.

About Bradesco Bank

Bradesco bank is one of the largest financial and banking institutions in Brazil. It is a powerhouse in several aspects; it is the third-largest commercial bank in Latin America, the second-largest bank in Brazil and the largest private employer in Brazil. The bank offers a wide range of banking products and services to individuals, companies and international corporations and institutions. Among the products it offers include pension plans, insurance coverages, credit and debit card services, internet banking and personal and commercial loans.