Luiz Carlos Trabuco is among Brazil’s most wanted executives by foreign investors, and there are reasons why. Recently, Luiz Carlos Trabuco was named Bradesco’s chairman after the bank announced the resignation of Lazaro Brandao, the bank’s former chairman. Founded in 1943, Bradesco is among Brazil’s largest banking and financial services institutions. Before becoming Chairmanship of the bank’s board of directors, Luiz was Bradesco’s president and CEO.
Luiz Carlos Trabuco was born and brought up in Marilia, Brazil. He also studied in Brazil. He joined Bradesco as a bank clerk in 1969 after his studies, making Bradesco the only organization he has worked in all his life. He has extensive knowledge and experience in the banking and investments. Luiz has received numerous awards and recognition. In 2006, he was named a Business Sector Leader. He was also listed as Insurance Person of the Year in 2006 and 2007 consecutively. In 2009, he was listed among the 100 most influential Brazilians. He was considered the Entrepreneur of the Year in the finance category in 2015. One year later, in 2016, Forbes Magazine listed him as one of the top CEOs in the Brazilian market.
Luiz holds a Philosophy degree and a Socio-Psychology post graduate degree from the São Paulo University. The University Of São Paulo (USP) is the leading public university in Brazil, the biggest in Latin America, the country’s most prestigious educational institution, and one of the most sought after learning institution across the globe.
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Luiz started his banking career in 1969 as a bank administrator like mentioned before. He first joined Bradesco’s Marilia Branch in his hometown before joining the Headquarter Branch in São Paulo. He became a director in 1984 and a bank Vice President in 1999. Between 2003 and 2009, he worked as the chairman of the banks Seguros Group and was elected chief executive officer in 2009. Presently, he is serving as the President and CEO as well as Chairman until Bradesco appoints a new CEO.
Bradesco’s Next Step and CEO Succession Race
Headquartered in Osasco, Brazil, Bradesco is an international bank offering banking and financial products and services according to globo.com. Bradesco has expanded over the years and Luiz has significantly contributed to its growth and expansion. Now, with over 5,300 branches, over 4,830 service branches, and more than 38,400 expresso units, Bradesco operates through sectors including banking, internet banking, insurance, and pension plans, credit card services, bonds capitalization, loans, and leasing services.
In Luiz’s leadership and presidency, Bradesco has doubled in size and increased its total assets from 30 billion to 75 billion worth of assets. In 2011, among the world’s greenest 500 companies, Bradesco ranked fourth. The next important step for the Bank is to name a new CEO to replace Luiz. The new president will be selected from among the bank’s seven top-ranking executives. According to Luiz, Bradesco will choose a new president by March 2018 before its next shareholder’s meeting takes place.
Learn more about Luiz Carlos Trabuco: https://www.istoedinheiro.com.br/o-bradesco-de-brandao-trabuco/