Luiz Carlos Trabuco: Bradesco’s Topmost Employee

Luiz Carlos Trabuco made a revelation of Bradesco’s plans following the resignation of Lazaro Brandao. Luiz Carlos Trabuco stands as the bank’s incoming chairman of the board of directors. He adds that the bank’s decision to have him fill in Lazaro’s gap was a plan that was in progress for some time and was executed when the time was convenient. Previously, Brandao had proposed to the Board to have Luiz Carlos Trabuco fit into the vice president’s shoe after a proper career followup. In the same light, Luiz Carlos Trabuco affirms that the firm will have its next president right from their very own personnel. This was a culture cultivated by his predecessor, and he was determined to keep it. The bank has a tradition of having its own house executives run the group as opposed to finding new blood.

At the age of 91, Lazaro de Mello Brandao had hit the record of being among the world’s oldest serving chairmen. He was glad to step down after having served Banco Bradesco SA for over 25 years. This steered a tight succession race in the company that was a high rank in Brazil’s market value. Eventually, Luiz Carlos Trabuco was considered perfect fit for the position and expected to hold the position of both chairman and CEO until a new CEO was elected. Luiz Carlos Trabuco started his service at Bradesco at the age of 16 and will be the proud holder of the chairman title, being the second person in Bradesco’s history to hold the title. Similarly, his position as CEO has only been held by three other members.

Luiz Carlos Trabuco steps in with a major task lying ahead of him: the appointment of a new CEO. He says that the board will keep in mind the importance of respecting Bradesco’s talent pool, therefore, focusing on their very own. Luiz Carlos Trabuco believes that the government is crumbling and labor reforms are a necessity to bring back Brazil to its feet. He later adds that though it will take time, they are willing to put in necessary efforts to maintain the country’s social harmony thereby establishing tranquility and certainty. Luiz Carlos Trabuco recommends a keen observance of foreign-directed investments which plays a major role in the Brazilian economy and political process. Brandao later reveals that the bank seeks to expand its board of directors, an issue to be addressed later .

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About Luiz Carlos Trabuco

Luiz Carlos Trabuco has held the CEO position of Banco Bradesco S.A as from March 10, 2009, while equally serving as the Executive Vice President. Mr. Luiz Carlos Trabuco also serves as the CEO as well as Bradesco Previdencia e Seguros’ Chief Executive Officer. He has held several positions in Banco Bradesco S.A which include serving as a Managing Director, Vice President, and Departmental Director between 1984 and 1992. Luiz Carlos Trabuco was part of ArcelorMittal Basil’s management board. He kick-started his career at Bradesco back in 1969. He started off as Bradesco Vida e Previdencia’s president until 1998 before moving to a similar rank in Grupo Bradesco Seguros, in 2003.

Luiz Carlos Trabuco has been of service at Odontoprev S.A as the chairman and director since December 23, 2009. He is the director of Bradespar S.A and still serves as Banco Bradesco S.A’s internal director. Throughout his career, Luiz Carlos Trabuco has served in several ranks of top posts. He was a one-year non-executive director of Banco Espirito Santo SA and the National Association for Private Pension Plan’s president from 1994 to 2000. Luiz Carlos Trabuco holds degrees in Philosophy, Arts, Sciences, and Languages from the University of Sao Paulo. He also earned a postgraduate degree in Sociology and Politics from the same university.

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Banco Brasileiro De Descontos S.A.’s CEO Luíz Carlos Trabuco Is A Successful Career Banker

Banco Brasileiro de Descontos S.A., better known as Bradesco in Brazil, and around the world, is the second largest private bank in the largest country in Latin America. Bradesco was the second largest bank before Banco Itaú and Unibanco got together in 2009.

The 66-year-old CEO of Bradesco, Luíz Carlos Trabuco, has a long history in the banking world as well as an excellent reputation. When Bradesco was looking to expand its banking services in Brazil, Trabuco was instrumental in bringing HSBC’s Brazilian division into the Bradesco family. Trabuco knew the acquisition of HSBC for R$17 billion would put the bank in contention for the number two spot again. Bradesco now has more than 5,000 bank branches and thousands of ATMs all over the country.

Brazil is trying to get its economic mojo back after four years of a devastating recession. Bradesco and the other Brazilian banks have been lucky in terms of yearly profits during the recession. The banks in Brazil rely on bonds, insurance, and government plans to keep investors happy during the hard times. Bradesco is still producing record profits, and many people believe Luíz Carlos Trabuco is the reason Bradesco is an apple in the eye of Wall Street once again. Bradesco’s stock is up 29 percent so far in 2017. The recent inflation report should help the bank’s efforts to attract more foreign investors.

Successful banks need strong bank directors as well as a considerable amount of assets under management. But banks also need strong executives. They need executives who can act as well as react to the forces in a global economy. Trabuco is one of those executives. Luiz doesn’t like to be in the limelight, but his track record in the banking industry is as good as any executive in the industry.

Mr. Trabuco didn’t start his banking career with an MBA in finance or accounting. Luiz has a philosophy degree from the University of São Paulo. He did postgraduate work in psychology, and when he left school, he found a job at his local bank. Trabuco is a native of the small city of Marilia in the State of São Paulo. Luiz found that banking job in 1969, and he never left. Rather than jumping from bank to bank, Trabuco took another route to the top. He put his education to work. He went from one bank position to another until the bank gave him the title of Director in 1984.

In 1999, Luiz got another promotion. He was Vice-President Luíz Carlos Trabuco that year. Four years later, the bank had another position for him. In 2003, Luiz was the new president of Banco Seguros, the insurance arm of Bradesco. Five years later, Seguros was turning in unbelievable profit figures. Thirty percent of all Bradesco’s profits were coming from Trabuco’s division.

In the final months of 2008, The Bradesco Board of Directors brought Trabuco back to banking division as president. And that decision is one of the best decisions the board ever made. Trabuco is a bank CEO who cares about bank employees and the bank’s mission. He is also an active environmentalist who supports and oversees several social and environmental initiatives. The bank’s education initiative helps more than 100,000 students every year.

Trabuco is also the Vice-Chairman of the Board of Directors of Banco Bradesco, and the Chairman of the Board of Directors of Elo Participações, Plus, Mr. Trabuco is a member of the Executive Board of the National Confederation of Financial Institutions. Trabuco is on the verge of retiring from banking, but he is waiting until a new executive can fill his big banking shoes.