Luiz Carlos Trabuco Rhymes With Bradesco

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.

Read more: Próximo presidente do Bradesco sairá da diretoria do banco, diz Trabuco

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.

For more information about Luiz Carlos Trabuco, just click here.

Brazil’s Banco Bradesco Stock Keeps Rising In Spite Of Pension Worries According To Chairman Luiz Carlos Trabuco

Brazil’s President Michel Temer is not wasting any time trying to pull his country out of a devastating recession. But not all is economically bright and sunny in the largest country in Latin America. Some of Temer’s changes like pension reform are creating anxiety for many Brazilians. Stress and anxiety make Brazilians stop doing things they normally do, like investing.

Brazilians are big savers, more by necessity, than design. But Banco Bradesco’s new Chairman of the Board Luiz Carlos Trabuco thinks good planning, social management, and fiscal responsibility must always be part of the banking/savings equation. Trabuco is a different kind of banker. He’s a thinker, not a bank bean counter who squeezes eleven cents out of a dime.

Luiz Carlos Trabuco is more philosopher than accountant, and he’s not a picky financial banker.

Trabuco has a degree in philosophy from Sao Paulo University. Luiz is a one of those people who is not afraid to roll his sleeves up and start helping people in a number of different ways.

He is currently helping Lázaro de Mello Brandão prepare for retirement. Forty-eight years after starting his career with Bradesco, Trabuco in now the Chairman of the Board of the second largest private bank in Brazil. Mr. Trabuco did his time as a bank teller and management apprentice.

He spent several years as a director and then a vice president of the bank. In 2003, he got the chance to take over as president of Banco Seguros, the insurance division of the bank. In 2009, the board brought him back to Bradesco as President and CEO. Now that Lázaro de Mello Brandão is out, Trabuco will act as CEO and Chairman until a new CEO gets the nod.

Read more: Trabuco: Despite the uncertainties, investors believe in the countrycreditam-no-pais

Mr. Brandão will still have an office in the bank. After 74 years he deserves one, according to Andre Cano, the Vice president of Human Resources. Cano also happens to be one of the seven candidates for the CEO position. The man chosen will take over at the March 2018 shareholders meeting. Marcelo Noronha, the VP of investment division, and Chief loan officer, Domingos Figueiredo Abreu are also candidates. Josué Augusto Pancini, the vice president of bank services could be the new CEO, and so could Seguros president Octavio de Lazari.

The last two men on the list, Chief risk manager Alexandre da Silva Glüher, and Mauricio Machado de Minas are the leading candidates for the position. Mauricio Machado de Minas is the VP of IT. He is the executive behind the bank’s new digital banking franchise, Next. Next will give Brazilian FinTechs some competition in 2018, according to Mauricio Machado de Minas. Alexandre da Silva Glüher is the executive who put the 2015 HSBC deal together. Bradesco took over HSBC’s Brazilian banks. That deal was a great deal for Bradesco, but the addition of more branches is creating a new game plan where it comes to brick and mortar banking.

Trabuco knows his bank must stay one step ahead in the IT department if the bank wants to provide services and products to more than 69 million clients in a 21st-century banking type of way. That means online and mobile banking, according to Mr. Trabuco.

There is a lot going on internally and externally with Bradesco. Electing a new CEO is always a challenge, but in this case, the man who will fill that position is an insider. He knows how Bradesco systems work, and he knows how to get things done within those systems. Plus, Chairman Luiz Carlos Trabuco will be there to share his banking expertise and experiences.

Learn more about Luiz Carlos Trabuco: https://www.brasil247.com/pt/247/economia/321809/Trabuco-assumirá-presidência-do-conselho-do-Bradesco.htm