Banco Bradesco SA – most often referred to as “Bradesco” – is one of the largest banks throughout the fifth-most-populated country in the world, Brazil. Bradesco, being such a significant player in the world of finance across the entirety of South America – not just Brazil – finds its name spread across headlines in financial news media on a regular basis.
Bradesco’s longtime Chairman of the Board of Directors, Mr. Lazaro de Mello Brandao, stepped down from his position just short of one month ago, on October 11th, 2017. Mr. Brandao was first appointed to the role of Chairman in 1990, when Bradesco’s founder Amador Aguiar started experiencing problems with his health. Brandao held the position for the past twenty-seven years without any breaks, position changes, or any problems, a near-supernatural feat for anyone, even more so for someone that did such a good job from the time he started when he was 64 until his retirement date at the age of 91.
Although Lazaro de Mello Brandao didn’t inform any fellow employees of his decision to step down prior to his announcement on October 10th, 2017, his resignation doesn’t exactly come as a surprise to those within Bradesco’s many ranks, journalists and other members of financial news media outside of the financial institution’s boundaries, or Mr. Brandao’s family. After 74 years with Bradesco, everyone with a semblance of reason knew his time with the privately-owned financier was certain to end sometime within the next few years.
Luiz Carlos Trabuco Cappi has been the Chief Executive Officer of Banco Bradesco since March of 2009, when he took over the position for Marcio Cypriano. Mr. Trabuco is only the fourth such CEO to control Banco Bradesco’s operations since it was founded in 1943 by Amador Aguiar.
Another astonishing tidbit of information is the fact that Mr. Aguiar and Lazaro Brandao have been – as of October 10th, 2017, the last full day Mr. Brandao served Bradesco as its Chairman – the only two people to serve the financial institution in such capacity throughout its entire history!
Bradesco has traditionally rewarded its longest-tenured employees with roles in its team of executives. As a matter of fact, Luiz Carlos Trabuco Cappi has worked for the financial institution throughout the entirety of his career. Mr. Brandao and Mr. Trabuco share this characteristic, as they’ve both worked for Banco Bradesco since their teenage years.
Luiz Carlos Trabuco Cappi finished secondary school ahead of schedule as a teenager, moving hundreds of miles away from his hometown of Marilia — where he’d find a position at Banco Bradesco upon the completion of two separate degrees in metropolitan Sao Paulo. He first went to the University of Sao Paulo and earned a bachelor’s degree in Philosophy, then bagged a postgraduate certification in Socio-Psychology.
Mr. Trabuco has announced that there will be seven people contesting for the position of Chairman:
· Andre Rodrigues Cano – Joined in 1977, head of HR.
· Octavio de Lazari – Mr. Lazari was hired in 1978, head of Bradesco Seguros.
· Marcelo de Araujo Noronha – Youngest candidate, over I-banking.
· Josue Augusto Pancini – Mr. Pancini has been with Bradesco since 1975, and is the head of high-income banking.
· Domingos Figueiredo Abreu – Joined Bradesco in 1981 and is responsible for lending. Abreu and Gluher were involved in the acquisition of HSBC Holdings‘ Brazilian retail unit.
· Alexandre da Silva Gluher – Chief Risk Officer, first hired in 1976.
· Mauricio Machado de Minas – Mr. Minas is over information technology at Bradesco. Although he’s only been with the bank since 2009, his long history in IT equips him well for today’s tech-heavy world.
Learn more about Luiz Carlos Trabuco Cappi: https://www.brasil247.com/pt/247/economia/321809/Trabuco-assumirá-presidência-do-conselho-do-Bradesco.htm