Luiz Carlos Trabuco Cappi Takes Over The Chairmanship Of Bradesco As The Bank Seeks To Appoint A New CEO
Banco Bradesco SA ranks among the top 10 banks in Brazil. Bradesco, as it is widely known, is a private bank based in Osasco. Regarding total assets, Bradesco is the second largest private bank, after Itaú Unibanco. Bradesco began operations in 1943.
One of Bradesco’s longest-serving employees Lazaro de Mello Brandao recently stepped down. At the time of abdicating duty, Brandao was the chairman of the board of directors of Bradesco, representing the Bradesco Foundation—the controlling shareholder of Bradesco. Brandao, 91, had held the position since 1991 when the bank’s appointing authority chose him to succeed Amado Aguiar, the founder of Bradesco. Prior to becoming the chairman of the Osasco-based Bradesco, Brandao was the CEO of Bradesco, a position he ascended to in 1981. The appointment to preside over the board of directors meant that Brandao was in charge of the two topmost positions at the bank. He stepped down as president in 1999, remaining as the chairman until October 11, 2017.
Luiz Carlos Trabuco Cappi is the serving chairman and president of Bradesco. He ascended to the chairmanship of the bank upon Brandao’s resignation. Although Luiz Carlos Trabuco Cappi’s tenure as the chair of the board of directors just commenced, he is about to step down as the president of Bradesco. Luiz Carlos Trabuco was appointed the fourth president of Bradesco in 2009, following Marcio Cypriano’s exit.
Luiz Carlos Trabuco Cappi’s impending exit has triggered succession talks, with the bank’s high-ranking executives seen as forming the talent pool from which Bradesco will pick its sixth CEO. Bradesco has many executives in charge of its departments, subsidiaries, etc. They include
• Mauricio Machado de Minas
• Alexandre da Silva Gluher
• Domingos Figueiredo Abreu
• Josué Augusto Pancini
• Marcelo de Araujo Noronha
• Octavio de Lazari, and
• André Rodrigues Cano.
Luiz Carlos Trabuco Cappi, prior to his appointment as president, was in charge of Bradesco Seguros, Bradesco’s subsidiary in charge of the bank’s insurance interests. The subsidiary is currently under Octavio de Lazari, a front-runner in Luiz Carlos Trabuco Cappi’s succession contest.
More on Luiz Carlos Trabuco Cappi
The 66-year-old began his career at Bradesco as a clerk in 1969. He then rose up the ranks, being appointed marketing director 15 years later. Luiz Carlos Trabuco Cappi presided over the bank’s marketing department for eight years, modernizing Bradesco’s communication and nurturing a cordial work relationship with members of the media.
Over the years, Luiz Carlos Trabuco Cappi went over various assignments at Bradesco, culminating in his appointment as president in 2009. Luiz Carlos Trabuco Cappi’s presidency saw the bank accomplish significant milestones regarding inorganic growth. Just a year after he assumed office, Bradesco acquired Ibi Brazilian and Ibi Mexican. And in 2015, Luiz Carlos Trabuco Cappi spearheaded one of Bradesco’s significant acquisitions, the purchase of the Brazilian branch of HSBC for $5.2 billion. In addition, Luiz Carlos Trabuco Cappi established Unibrad Corporate University, which was GlobalCCU Awards’ “Best corporate university in the world” in 2017. The corporate university seeks to reach out to Bradesco’s employees regarding career growth and other professionals needs.
Learn more about Luiz Carlos Trabuco Cappi: http://economia.estadao.com.br/blogs/coluna-do-broad/bradesco-deve-anunciar-sucessor-de-trabuco-antes-do-carnaval/