Current Chief Executive Officer Luiz Carlos Trabuco Cappi of Banco Bradesco S.A. is remaining in his executive position until the date of March 12, 2018. He has been involved in the Executive capacity of Banco Bradesco for the past 9 years, and has overseen some of the large increases in capital that the South American bank has experienced. The bank will be changing the head of this position soon when Trabuco steps down.
Currently Banco Bradesco is changing CEO’s, and Luiz Carlos Trabuco has tapped Octavio de Lazari Junior, as he will be taking over leadership within the bank. Both men have a great working relationship with the bank, but change was needed as it was decided Lazari will be the new CEO. Ending the year of 2017 with revenues in the amount of R $76.3 billion, there is no questsion that Banco Bradesco had a good year. Due to this increase in profit, this was a rise of 6.8% compared to 2016.
Growth in the financial sector was seen last yeah, however there is still a transition underway between Luiz Carlos Trabuco Cappi and Octavio de Lazari Junior. Many bankers feel very optimistic of the national economy for 2018, as low interest rates, calm inflation rates, and GDP growth between 2% and 3% makes a tough argument for change. Octavio Lazari also stresses how Bradesco must have a better year than the years before. All current transitions aside, Lazari and Trabuco both stress how important having good pension reform is for the overall benefit.
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Knowing that Lazari would be one of seven vice presidents, the choice was weighed by the many experiences that Octavio Lazari has for choice. Luiz Carlos Trabuco explains how the choice of the new president took quite some time to come to a final selection. 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.
Luiz Trabuco began his professional banking career and professional activities at Bradesco on April 17, 1969. Trabuco served as the Managing Director of Banco Bradesco S.A. back in March 1999 and after success in that department he went on to various positions throughout the bank. A major involvement in Private Pension plans, as he was the President of the National Association for Private Pension Plans from August 1994 to August 2000, gave him reason to stress the continued commitment to pension reform. Currently his days as CEO will finally come to a close as Octavio de Lazari Junior will accept the position on March 12, 2018.
Visit valor.com.br for more information about Luiz Carlos Trabuco.