The third President of Banco Bradesco and current Chairman was born in San Paulo in 1951. A young Luiz Carlos Trabuco began his working life at Bradesco bank as a clerk after completing school at the University of San Paulo in 1969, he has spent over four decades at the giant financial institution and is today considered one most prominent and influential banking leaders in the world.
Luiz Carlos Trabuco tendency to take the initiative and his stellar track-record in the organization paved his rapid ascension to become CEO of Bradesco Bank; then he went on to become President before being named Chairman in March 2018 after being nominated for the position by the Succession and Appointment Committee of the Organization. Those close to Bradesco were expecting changes at the Bank, and he has already achieved significant milestones in the most critical areas according to istoedinheiro.com.br. A Pension System that almost crippled the bank has been resolved all thanks to his efforts and determination even against initial resistance to the changes he was pushing for. The pension reform was the first act, and it set the tone for the restructuring that was to come, now Bradesco is heralded as a market leader not only in Brazil but also globally.
When most Brazilians hear of Bradesco, they think of Luiz Carlos Trabuco, and the vice versa applies. This is not a statement meant to defame either, after all the time he has spent at the financial behemoth, this man has served in various departments and at different capacities. The nomination executive chairman has been widely expected due to his highly unique experience gained through a hands-on approach to the challenges that he had to face as he rose through the ranks. His success has been marked by, not only achievements attained at Bradesco but the recognition he received from various fronts, such as being named Personality of the Year in 2003 and again in 2007 as well as being named Entrepreneur of the Year in 2015. He is also ranked highly on “The 60 Most Powerful Of Brazil.”
His policies eventually saved Bradesco’s Pension system and this not only helped bring the bank firmly back into the front, but it also led to his involvement in the National Pension System where he introduced reforms that are expected to lower government spending in Brazil according to meioemensagem.com.br. It also rumored that he once turned down an offer to fill the position of Minister for Finance opting to remain within the company to which he dedicated his entire career. A while back, his name and that of Bradesco were dragged into a national scandal, but that was later cleared up when both he and the bank were cleared on all allegations.
Though much is known about the Bradesco head, little is known about his private life which he prefers to keep away from the spotlight that has been directed to a bright career. Luiz Carlos Trabuco is simple, calm and soft-spoken unlike a majority of his peers in similar capacities.
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