Banco Bradesco recently announced Octavio de Lazari as the new president to replace the outgoing Luiz Carlos Trabucco Cappi. Mr. Trabuco will however still serve as the President of the bank’s council and will retain his position in the executive committee until a later date when the general meeting will be held. Lazari Junior was one of the candidates speculated to succeed Trabuco.
Luiz Carlos Trabuco has worked in the company for more than 15 years. The succession process in one of the largest private banks in the country was initiated when Lazaro de Mello resigned from being the Chairperson of the Board of Directors and Trabuco became the collegiate president. The appointment of the new president followed a formal process of succession and it was fully approved by the Succession and Appointment Committee of the organization. The management council of the bank then announced that the successor would be selected among the staff working in the financial institution.
Luiz Carlos Trabuco went to the University of Sao Paulo and graduated from the institution’s faculty of philosophy. He also holds a postgraduate diploma in Social Psychology from the School of Sociology and Politics in Sao Paulo. After his graduation, Luiz joined Bradesco in 1984. He was made the Chief Executive Officer of the company in 2009 because of his knowledge and an experience of more than 40 years in banking. He was later on made the Chairman and the President of the company’s Board of Directors. He became the fourth president of the bank since its establishment in 1991 by Amador Aguiar. In the same year, Luiz joined the list of the Top 100 influential people in Brazil. He was also listed as one of the best Brazilian CEOs in 2016.
During his tenure as the president of Banco Bradesco, the bank doubled its size, expanded its operations, and maintained its leadership in the banking industry. Mr. Trabuco also led the company into hosting and sponsoring the Lagoa Christmas Tree in Rio de Janeiro for two decades. Luiz Carlos Trabuco initiated the acquisition of HSBC in Brazil. This acquisition was the largest in the history of the bank. Consequently, this acquisition saw him being named the Entrepreneur of the Year by the Isto E Dinheiro Magazine in 2015. Luiz Carlos has received several awards in his career including Insurance Person of the Year in 2007, Don Quixote Trophy in 2009, and Business Sector Leader in 2006.