Luiz Carlos Trabuco Cappi On Bradescos New President

The next president of Bradesco will leave the bank’s executive board, said the current incumbent, Luiz Carlos Trabuco, in an interview called to detail the changes in the board of directors of the organization, said on Wednesday.

Respecting Bradesco’s tradition of choosing a name within its staff, the expectation is that the future president will be one of the seven current vice presidents of the institution.

Bradesco proclaimed the departure of Lázaro Brandão from the chair of the bank’s committee of directors. Brandão, who has been beside Bradesco for more than seven decades, will be replaced by Trabuco who leads as the chairman of the board.

Trabuco will hold both positions as CEO and chairman until March, when the first meeting of the board will take place after the shareholders’ meeting. The bank has a regulation that forbids the same executive to occupy both positions at the same time. The bank must give the Central Bank the new presidents name 30 days prior to the March meeting.

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According to Brandão, who had been in the position for 27 years, the succession had been maturing for some time. However, in order not to make any hasty decisions, he preferred to change the rule that would force Trabuco to leave the administration at the age of 65 to extend the executive’s term.

The extension took place to maintain the integration process of HSBC, bought by Bradesco in 2015 according to estadao.com.br. For him, the next president of the bank will have some challenges ahead, especially regarding the “literacy” of customers who are still far from the digital environment.

The bank should also extend its committee of directors, but this should not happen at the March meeting, according to Brandão. At this meeting, only the vacancy that is currently open should be filled. Trabuco, in turn, believes that one of the factors of the resumption of the Brazilian economy will be the consumption of the families. Regarding credit, Trabuco did not want to talk about the bank’s projection but said that the growth of the economy should have a multiplier effect on credit.

Luiz Carlos Trabuco is a native of Brazil’s Marilla. He attended the Sao Paulo University and majored in philosophy, science as well as letters programs. From school, he landed an employment opportunity at the tender age of eighteen. Other sources have documented this age as seventeen. Whatever the differences, it is factual that Luiz Carlos Trabuco started working at a tender age as clerk. This was unlike his peers who still enjoyed their childhood at the same period.

Search more about Luiz Carlos Trabuco Cappi: https://g1.globo.com/economia/negocios/noticia/sucessao-no-conselho-do-bradesco-foi-um-ato-planejado-diz-trabuco.ghtml

Luiz Carlos Trabuco Cappi: Taking Back The Top Rank

Luiz Carlos Trabuco Cappi is the current CEO of Bradesco Bank, one of the largest financial institutions in Brazil. He was chosen to become the new head of the company because of his hard work and perseverance, and the board of the company saw how he is dedicated to serving the company. Bradesco Bank was established in 1943 in the city of Marilla.

Luiz Carlos Trabuco Cappi was also born in the same city, and growing up, he developed the dream of working in the financial sector when he is old enough. Through the years, Bradesco Bank transferred their headquarters from the bustling city of Marilia to the highly active city of Sao Paolo. Because of the passion of the past executives working for Bradesco Bank, the financial institution became a global corporation, and they managed to spawn more than 5,000 branches around the world. Bradesco Bank offers a large number of services, which helps private citizens, small business people and even large corporations in dealing with their finances and investments.

In its initial years, Bradesco Bank is considered as the top financial institutions in the country. They frequently receive positive responses about their services, and their employees are well received because of their world class customer service. The bank is also the first in the country to offer bank accounts to teenagers and children who are still below the legal age. The leadership of the company focuses on knowing their clients personally, and they will be doing everything that they can to satisfy the requests of their customers. Because of this customer-centric approach, Bradesco Bank was known as one of the most reliable banks in the country. However, the distinction of being the leading bank in Brazil would later be given to its rival bank, Banco Itau, when they merged with Unibanco. The merging of the two banks sent them to the top rank. It is now the mission of Trabuco the bank he is serving, taking back the top rank that Bradesco Bank deserves.

Read more: PDV exceeded expectations, says Bradesco president

Luiz Carlos Trabuco Cappi has been working with Bradesco Bank for more than 40 years. When he was still a student, he decided to attend the Faculty of Philosophy, Sciences, and Letters, and he would also attend the Foundation School of Sociology and Politics where he would be earning his degree in Socio-Psychology. At the age of 17, he has been working with the Bradesco Bank, serving as one of its clerks. He would fall in love with the job, and he would be working hard day and night to climb the corporate later. After decades of working for the company, he was rewarded and was offered the position of becoming their CEO. As the newest head of the company, he is tasked to do something to beat the formidable alliance between Banco Itau and Unibanco. Having a brilliant mind, Luiz Carlos Trabuco Cappi thought of purchasing the Brazilian arm of HSBC, and he believed that this move would increase the value of the company.

The deal cost billions of dollars, and it pushed through. After Luiz Carlos Trabuco Cappi signed the papers, they announced that HSBC Brazil is now under the Bradesco Bank. Right after the announcement, the value of the company went up, and they managed to receive new customers. Bradesco Bank became one of the fastest growing banks in Brazil, and it is expected that they could beat Banco Itau and Unibanco in just a short amount of time. Luiz Carlos Trabuco Cappi is genuinely a fantastic leader because he did all that he can to excel.

Find more about Luiz Carlos Trabuco: http://economia.estadao.com.br/noticias/negocios,estamos-com-o-dedo-no-gatilho-para-emprestar-dinheiro-diz-presidente-do-bradesco,70002160257