Brazil’s second largest private bank, Bradesco, is making global headlines thanks to strong 2017 financial numbers. Bradesco is bringing investors back to Brazil, and the news that the Brazilian economy is finally on the plus side is helping that quest too. Brazil needs foreign money to kick-start the economy, and Brazil President Michel Temer is trying to make that happen, but political issues still hinder his progress, according to some Brazilian economists.
But Banco Bradesco doesn’t have political issues. Bradesco’s internal political structure is changing, and Wall Street is hitting the bell to show it approves. Long-time Chairman of the Board Lázaro de Mello Brandão is finally stepping down, and Chief Executive Officer Luiz Carlos Trabuco Cappi is taking his place. Wall Street calls that a win not because Lázaro de Mello Brandão is 91-years-old. and one of the oldest employees in the bank’s history. Wall Street is happy because Luiz Carlos Trabuco Cappi gets things done, and those things produce a lot of profit. In fact, under Trabuco Cappi’s leadership, Bradesco’s stock in on fire. And net income is way up over last year.
Luiz Carlos Trabuco Cappi is not the kind of banker who sits back and lets the nature of Brazilian banking do its thing. Trabuco Cappi is a hands-on executive. He’s a winner in the eyes of his executive team. Now that he is chairman of the bank, his executive talents will be in full view on the global banking stage. Trabuco Cappi is a winner because he treats employees like family, and he makes excellent business decisions. He’s not a typical bank executive. The list of his accomplishments is impressive by any banking standards. His banking career began in 1969 after graduating from the University of Sao Paulo with a degree in philosophy. Trabuco Cappi did his time as a bank teller, apprentice, manager, director, and vice president of Bradesco. In 2003 he went to Banco Seguros the insurance division of Bradesco as president. In 2009, Seguros was responsible for 30 percent of the bank’s bottom line profits. That same year, the Bradesco Board of Directors gave him the title of Chief Executive Officer.
Read more on valor.com.br
For the last eight years, Trabuco Cappi has demonstrated an uncanny knack for making money. But he doesn’t take all the credit for Bradesco’s recent success. Former Chairman of the Board Lázaro de Mello Brandão did his part in the bank’s success, and so did the top tier executives who work side by side with Trabuco Cappi every day. Some of those executives are in line to become the next CEO of the bank. That announcement will come in February right before the annual shareholders meeting in March 2018. The candidates for the job have impressive banking credentials. The top contenders are Mauricio Machado de Minas. Minas is the executive who put the Next franchise together. Next is the bank’s digital banking franchise. Alexandre da Silva Glüher is another VP who has a good chance of becoming the next CEO. Glüher is responsible for the 2015 acquisition of HSBC’s Brazilian operations. Glüher is also the bank’s chief risk manager.
The other names include operations VP Josué Augusto Pancini and chief lending officer, Domingos Figueiredo Abreu. Plus, the current Seguros President Octavio de Lazarim is on the list and so is chief investment banker is Marcelo Noronha. Human Resource Vice President Andre Cano is the last name on the list, but he does have a chance to fill the CEO vacancy. All the men on the short list have the right qualifications. Luiz Carlos Trabuco Cappi and the board will make the final decision the old fashion way. They will pick the person who they think can put more money on the bottom line.
Visit terra.com.br for more information about Luiz Carlos Trabuco.