Luiz Carlos Trabuco Retains His Position as Chairman

Healthy financial systems underpin economic development and are vital to the banking system’s mission of alleviating poverty from the society and elevating prosperity. Besides, tapping into various capital markets cuts across as a needed factor that attracts sources to assist in global finance achievements.

Banco Bradesco of Brazil has been working with various financial services to improve the country’s economic situation by providing top notch services for clients. Thanks to the management that is well-versed with the challenges involved in supplying clients with the right financial services, the banking institution has vastly developed over the past years. At the same time, there have been changes in leadership roles with the most alarming being the resignation of Brandao de Mello, the initial president of the institution.

Background Look
When he resigned, Luiz Carlos Trabuco took over as the head cheerleader of the bank. For three months, he oversaw the entire managerial responsibilities. Recently, the board of directors held a meeting to discuss the way forward to electing a new president. Aligned with leading practices appended to corporate governance, they approved the appointment of Octavio Junior as the president.

Describing Octavio de Lazari
Lazari has been trusted to lead Brazil’s second largest banking institution with approximately R $ 1.3 billion as of end last year (2017). He takes over a bank that experienced financial crisis alongside the deterioration of assets but still maintained its position in the industry after acquiring HSBC. What is more, he began his career at a tender age, working as an office boy for the same banking institution. The 54-year-old vice president of Banco Bradesco and president of Bradesco’s Seguros Group started working at the bank as a continuum.

Lazari’s Education and Experience
For education, Lazari attended Fundacao Instituto and majored in economics and administrative sciences.

In the Case of Trabuco
Trabuco retains his position as the chairman of the board. He will continue to oversee the overall management of the institution. Moreover, he shall work closely with Octavio de Lazari not only as a colleague but a team leader as well. More than that, he still has the opportunity to shape his career in finance and management.

Early Life and Career
Luiz Carlos Trabuco grew up in Brazil. He pursued philosophy and has been able to apply people skills in his dealings with employees. Most importantly is the fact that he has often worked hard to earn an elevation. For starters, he first practiced as an office clerk. Even so, he did not hold back the enthusiasm for leadership as he put in a lot of work to succeed and earn a promotion working in the credit department. From that moment, he rose up the leadership ranks by accumulating Bradesco’s resources through hard work and wise investment strategies.

The Overview
As the chairman of Bradesco, Luiz Carlos introduced the company to media. That was an impressive sales strategy that has concurrently earned Bradesco a massive client base. As Octavio steps in, Bradesco is set to grow tremendously. Besides, Luiz will always be part of the team that streamlines the company.