Luiz Carlos Trabuco has served Bradesco as the Chief Executive Officer for many years. He was appointed to the position on March 10, 2009. He has also served the firm as the Executive vice president from March 1999. Bradesco has focused on leadership changes to give the organization a new face. The latest move was in the appointment of Octavio De Lazari Junior who was the current vice president to take over from Trabuco Bradesco. The appointment was backed by the relevant body in the organization. He is well respected by his colleagues due to his exemplary leadership that has enabled the bank to be competitive in both local and international markets. During a press briefing, Trabuco Bradesco did not disclose a lot of information on the succession plans. He said that the final decision was to be made by the bank’s top leadership. Some individuals anticipated that the new president would be named before the carnival. Learn more about Trabuco Bradesco at bloomberg.com.
Bradesco is one of the largest private banks in Brazil in terms of the customer base and their operations. The bank has assets with an estimated value of R $ 1.3 trillion. Its credit Portfolio is estimated at R $ 493 billion. Trabuco Bradesco was to retire in 2016. However, the bank increased the age limit for the Chief Executive Officers by two years. According to the new corporate structure of the bank, the president would not be part of the executive board. The information was provided by Trabuco Bradesco during an interview with one of the leading media stations. The bank is known to prioritize internal recruitment. He succeeded Brandao after his resignation. He had worked for the company for decades.
Mr. Trabuco was to hold two positions until a meeting that would approve his successor. Normally, no one is allowed to hold more than one executive position at the same. The practice promotes good corporate governance in the organization. The law requires the bank to inform the Central Bank of the new leadership changes within 30 days. Bradesco acquired HSBC as one of its expansion strategies in 2015. Read more at Ultimo Segundo about Trabuco Bradesco.