Luiz Carlos Trabuco On The Past And Future Of Bradesco

Luiz Carlos Trabuco served as the Chief Executive Officer of Bradesco bank for several years before he passed down the responsibilities of bank leader to his successor. The banker reached the post of Bradesco CEO after more than twenty years of working at the bank. He started out at the lowest position and worked his way up to the top, his job quickly turning into his life’s passion.

Luiz Carlos Trabuco joined the bank after graduating from the School of Sociology and Politics in Sao Paulo with a postgraduate diploma in Social Psychology. He became a part of the Osasco office of the Bradesco bank in 1969. Starting at the lowest position, office clerk, and proving yourself worthy to take on tougher responsibilities is a long journey, especial in large institutions such as the Bradesco bank. Trabuco reached the post of marketing director 15 years after joining. That was a decisive step in his carer at the Bradesco bank towards leading positions and establishment. Luiz Carlos Trabuco solidified his expertise at the bank by achieving a significantly better sense of communication between the bank and the Brazilian media.

Read more: Bradesco anuncia substituto de Trabuco

In 1984, became the Chief Executive Officer of the Bradesco Seguros, leading eight companies at the Bradesco bank and started sitting at the Board of Directors. In 2009, Trabuco reached the peak of his career. He was promoted to lead the Bradesco bank as its CEO, President, and Chairman of the Board of Directors. He was the successor of former leader Lazaro de Mello Brandao, becoming the third Bradesco leader after his predecessor and Amador Aguiar, the founder of the Bradesco bank.

The Bradesco bank maintains the tradition of drawing leaders from its own pool of talent and promoting their own executives instead of bringing in people from the outside according to g1.globo.com. The corporation keeps its leadership full of people that have dedicated themselves to the Bradesco bank for dead son end, and that has made the bank a tightly-knit entity that maintains tradition and heritage through the generations of leaders and never forgets its own history and what it stands for.

Amador Aguiar established it more than 85 years ago in Sao Paulo. He was also a lifelong banker that found realization in the field of banking. Amador Aguiar created a straightforward direction for his Bradesco bank. The bank was to be a consistent and reliable service provider, always going forwards and taking the first step instead of waiting for others to create a walking path.

The Bradesco bank has a strong legacy that has survived through the generations of leaders. The structure and the bank chooses to do things have been the core of its success today. The current leader also feels a sense of duty to uphold this legacy and pass it on to his successor. Octavio de Lazari Jr is the fourth leader of the bank, and he will be taking the torch and passing it on when the time comes. Lazaro will be the next president of Bradesco. According to Luiz Carlos Trabuco, the Bradesco bank is in good hands.

Source: http://www1.folha.uol.com.br/mercado/2017/10/1926243-proximo-presidente-do-bradesco-saira-da-diretoria-do-banco-diz-trabuco.shtml

Luiz Carlos Trabuco Will Assume Another Top Leadership Position at Bradesco Following His Appointment To The Position of Chairman

Luiz Carlos Trabuco’s standing as one of the finest bankers in recent years in Brazil was confirmed by a recent announcement that he would be taking over as the chairman of Bradesco’s board. He took over the position from an equally legendary Brazilian banker, Lazaro Brandao. Having been in the banking industry for close to eight decades, Lazaro Brandao saw it fit to call an end to his illustrious career in October 2017.

The decision to have Luiz Carlos Trabuco take over as the next chairman was largely unchallenged as he has for the last few years served as Lazaro Brandao’s deputy on the board as well as the president of the bank. However, with Trabuco now confirmed as the chairman of the board, the position of bank president has once again become vacant. While there is little doubt that taking the reins at such a huge bank could be somewhat intimidating for the incoming president, he/she will take heart in the fact that Luiz Carlos Trabuco will be there to offer guidance.

Read more on g1.globo.com

Bradesco is one of the largest financial institutions in Latin America. The $400-billion company has since 2008 been the second largest private lender in Brazil, having previously been the largest one for more than five decades. The bank has a number of subsidiaries working in the key segments of the financial sector with the most prominent ones being Bradesco Seguros and Bradesco Vida e Previdencia. Given the size and the complexity of operations at Bradesco, the bank typically prefers to select presidents from among the senior executives that have been at the bank for a long time. This ensures that whoever is selected to take over in the position is entirely green as he/she at least has a competent understanding of the bank’s culture. This strategy has been followed when appointing each of the bank’s last three presidents and is again expected to be followed during the current succession process.

Some of the names being touted to become the next president are quite encouraging. Among these names is Mauricio Minas, who currently serves as the chief overseer of technology at the bank. Fellow vice president and chief risk officer, Alexander Gluher is also seen as a key contender. Current Bradesco Seguros president, Octavio Lazari is also hoping to follow the same journey to the top as Luiz Carlos Trabuco did. Lastly, retail banking expert, Jose Pancini is also seen as having a strong chance. All of these top candidates are currently vice presidents and have been with the bank for more than two decades.

The new president at Bradesco will not be selected for another four months. The appointment is expected to be done 30 days before the shareholders meeting set for March 2018. Until then, therefore, Luiz Carlos Trabuco will continue serving in his current capacity as president of the Brazilian lender. He will at the same time also fully assume the responsibilities of board chairman, thus following in the footsteps of his mentor, Lazaro Brandao who also concurrently held both positions for a few years.

The incoming president will find the most accommodating business climate in recent years as the Brazilian economy continues to recover following the worst recession in the South American nation in a century. The challenging economic climate had forced most banks in the country, including Bradesco to lower their interest rates according to economia.estadao.com.br. While such moves ensured Bradesco’s continued survival, they also placed significant pressure on its margins. Hopefully, in the coming months, however, the incoming manager will be able to boost the bank’s profitability significantly.

Search more about Luiz Carlos Trabuco: https://www.terra.com.br/economia/trabuco-assumira-presidencia-do-conselho-do-bradesco-banco-nomeara-novo-chefe-executivo-em-marco,9fb1d7fe927d7f26678a7543f82f02edw3u6oihm.html