Bradesco is about to experience a change of guard in its top leadership. According to the available news, the current number two of the second largest bank in Brazil Mr. Octavio De Lazari Junior is poised to take over the leadership mantle of the financial institution. Octavio is also currently the president of Bradesco Seguros. This change of guard is particularly of interest given the portfolio of the financial institution. Bradesco is said to own assets to the tune of R$1.3 million.
Trabuco Leaves a Conspicuous Mark
According to laid down procedures, the appointment of the president of the bank is a process that includes nomination and an endorsement by the Succession and Appointment Committee. Octavio is obviously inheriting a large shoe. Mr. Luiz Carlos Trabuco was a respected corporate executive with lots of feathers to his cap. Luiz began his career 48 years ago. He studied philosophy at Sao Paulo. He also graduated with a master’s degree. He is known to have dedicated the whole of his career life to the service of Bradesco. He started working with Bradesco at the age of 18 in 1969. He rose through the ranks to become one of the most respected CEOs on the Brazilian scene according to valor.com.br. It took forty years before Luiz was nominated and crowned with the topmost position at Bradesco. He served as a department director in 1984. He became the Managing Director Executive in 1998. One year down the line, Luiz Carlos Trabuco became the Executive Vice president of the bank. He became the senior –most official of Bradesco Seguros in 2003. He proceeded to win the confidence of the Appointment Committee and became the full CEO OF Bradesco. He served for six years as the group CEO. Luiz is more of a mythical character in the Brazilian banking sector.
Luiz Carlos Trabuco’s Legacy
Trabuco is credited with increasing the number of the bank’s account holders from 20 million to a remarkable 27 million; In fact, there are times the bank opened over 6000 new accounts per day. Savings accounts are reported to have ballooned from 37 million to 50 million. Trabuco is credited with winning over a large service network; from 3500 agencies to over 5000. He is renowned for his down to earth approach to banking. He pointed out that banks miss out on the opportunity to know its customers. His approach did not yield profits in a direct way, but it is credited for winning the hearts of a large number of Brazilians. It is in the relationships that Luiz Carlos Trabuco found the gold mine that Bradesco came to be for its shareholders and customers. His style and approach to dealing with customers became identical with the Bradesco culture that has spread and is well known to many Brazilians with association with the Bank. Octavio comes in with a wealth of experience and the benefit of having worked with Luiz Carlos Trabuco at the Bank in various capacities and departments according to economia.estadao.com.br. It is not an easy challenge to succeed a person in Luiz Carlos Trabuco’s league.
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