Luiz Carlos Trabuco: Bradesco Appoints New President

Luiz Trabuco started his banking career and professional activities at Bradesco on April 17, 1969. He served as the Managing Director of Banco Bradesco S.A. back in March 1999 and after doing so well in that department he went on to many different positions throughout the bank.

A major supporter of Private Pension plans, he was the President of the National Association for Private Pension Plans from August 1994 to August 2000. This gave him reason to stress the continued commitment to pension reform. Currently his days as CEO will finally come to an end as Octavio de Lazari Junior will accept the position on March 12, 2018.

As the sitting Chief Executive Officer of Banco Bradesco S.A. since 2009, Luiz Carlos Trabuco Cappi is staying in his executive position until March 12, 2018. As the chairman of such a great establishment such as Banco Bradesco for the past 9 years, change inevitably happened to occur roughly one year before his ten-year anniversary as CEO. The bank will be bringing in new leadership as soon as Trabuco steps down.

Currently Banco Bradesco is undergoing a major shift, where newly announced president Octavio de Lazari Junior will be taking the reigns of leadership within the bank. Both men have a long history with the bank, however, change was needed as it was decided there will be a new CEO. Banco Bradesco closed 2017 with revenues in the amount of $76.3 billion Reals, so it’s hard to say that Banco Bradesco had a bad year. Quite the contrary, this was a rise of 6.8% compared to 2016.

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Although last year saw major growth in the financial sector, there is still a transition happening between Luiz Carlos Trabuco Cappi and Octavio de Lazari Junior. Many bankers are very optimistic of the national economy for the year 2018, as low interest rates, relatively low inflation, and GDP growth showing between 2% and 3%, it makes a tough argument for such changes to occur. Lazari does stress how they must have a better year than the years before. One thing is for sure, Lazari and Trabuco both remind us how important having good pension reform is for the overall benefit.

Luiz Carlos Trabuco touches points on how the choice of the new president took quite some time to come to a final selection. He knew that Lazari would be one of seven vice presidents, so this particular choice was weighed by the work experience that Octavio Lazari has done such an amazing job of. From his work in the late 1990’s working in the credit area to his many promotions starting in 2010, the choice was clear for Luiz Trabuco’s successor.

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

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