Banco Bradesco South America has been one of the largest banks in America’s southern half for several decades. It grew to prominence just years after it was founded in the 1940s by Amador Aguiar.
Just two months ago, in October of 2017, Chairman Lazaro de Mello Brandao resigned from the responsibilities of the position. Although Mr. Brandao will be responsible for overseeing the functions of several smaller subsidiaries, Lazaro has effectively been cleared from being the head of Bradesco.
Chief Executive Officer Luiz Carlos Trabuco Cappi resigned from the position of CEO after Mr. Lazaro Brandao stepped down, although Mr. Trabuco immediately stepped into the role of Chairman. Another executive that’s spent several decades at Bradesco has filled the role of CEO, and will remain there until a new executive is selected.
Bradesco is selecting from a list of seven individuals, described as follows:
• Mauricio Machado de Minas is 58 years of age, and the freshest employee of Bradesco among this list. Mr. Minas has been at the helm of information technology at Bradesco since he was hired in 2009. he previously worked at CPM Braxis SA, an IT business located in South America, as its lead executive.
• Alexandre da Silva Gluher was hired in 1976. Along with the next candidate, Domingos Figueiredo Abreu, Mr. Gluher played a significant role in purchasing HSBC Holdings Plc.’s retail division in Brazil. Such a contribution to the bank is likely to make Gluher a prime candidate for hire.
• Domingos Figueiredo Abreu is responsible for treasury and lending at Banco Bradesco, and was hired in 1981. He’s currently 58 years of age.
• Marcelo de Araujo Noronha is responsible for investment banking, as the lead executive of Bradesco BBI, and was hired in 2003. Such makes him the second-newest hire of all candidates being considered for the spot of CEO, and is currently 52 years of age.
• Josue Augusto Pancini deals with high-income consumers and coordinates the expansive branch network of Banco Bradesco SA. He was hired by the bank in 1975, and is currently 57.
• Octavio de Lazari was appointed to Bradesco Seguros, the company’s subsidiary for insurance policies, in 2016. Mr. Lazari is responsible for a hearty share of income at the bank, and has been on board since 1978.
• Andre Rodrigues Cano is 59 years old and works for Bradesco’s human resources division. He was initially hired by the bank in 1977
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Luiz Carlos Trabuco Cappi was promoted to Chairman due to his lengthy career with Banco Bradesco. Hiring executives within the company’s ranks had been made tradition by Lazaro Brandao, rather than trusting outside candidates with zero in-house experience for such positions.
Mr. Trabuco began working for Bradesco in 1967, when he was merely 18 years of age. He first went to two colleges in Sao Paulo, where he’s lived throughout his life, earning both a bachelor’s and graduate degree. Although they were centered around philosophy and socio-psychology, respectively, both allowed him to understand humans more deeply, especially communication between opposing parties. Such unarguably helped him achieve the status he’s notched on his belt through 2017.
Luiz Carlos Trabuco Cappi was recently awarded the designation of 24th on Ultimo Segundo’s ranking of The 60 Most Powerful Of Brazil, largely due to his success at Bradesco Seguros, the insurance unit of the bank.
The board of directors hails from the family of original founder Amador Aguiar, former bank executives, and Luiz Carlos Trabuco Cappi according to infomoney.com.br. The group is slated to make a decision regarding the next CEO before March of 2018, according to Mr. Trabuco.
For more information about Luiz Carlos Trabuco Cappi, just visit terra.com.br