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Luiz Carlos Trabuco Cappi Becomes Banco Bradesco’s CEO

If 56 years ago someone told a 10-year-old Luiz Carlos Trabuco Cappi that he would one day head the 2nd largest bank in Brazil. Today, most probably, the 10-year-old would have scoffed at the person and ran back to play football.

Born in Marilia, 66-year-old Luiz Carlos Trabuco Cappi has achieved more than he could have dreamed of as a boy. At 18, he was already working at Banco Bradesco and later graduated from the Faculty of Philosophy, Sciences, and Letters of São Paulo de Marília. Later, he joined Fundação School of Sociology and Politics of São Paulo and graduated in socio-psychology.

In 1984 he became a department director at Banco Bradesco, and in 1998 he was appointed managing director. He was appointed as Executive Vice President a year later. Throughout Luiz Carlos Trabuco Cappi’s career, he has received several accolades and acknowledgments. Forbes listed him as one of the best CEO in Brazil and he is among the 100 most influential people in Brazil.

In 2015, he was acknowledged as the entrepreneur of the year in the finance category where he received the Don Quixote Trophy.

Banco Bradesco past, present, and future

With its headquarter in the Osasco City, the Banco Bradesco is the second biggest bank in Brazil. This bank was founded in 1943 by Amador Aguiar to offer services to civil servants, retailers, and small landowners. Over decades Banco Bradesco has grown to over 5,000 branches in Brazil.

Banco Bradesco was the first bank to introduce the ATM biometric reading system to its clients. Some of the services offered include savings bonds, pension, internet banking, annuities, insurance, and credit cards services. The bank has some branches abroad while its stock is traded on the Madrid Stock Exchange, BM&F Bovespa, and the New York Stock Exchange. Bradesco has been expanding through the purchase of other business.

Lazaro Brandao’s retirement

Over the years, the bank has had quality leadership. One of the people who has led the second largest bank is Lazaro Brandao. Brandao, who is 91 years, has worked in the bank for seven-decades. Lazaro’s departure from the board of directors came as a surprise, and there was no succession plan. Luiz Carlos Trabuco Cappi was after that appointed as the president of the board of directors.

Current president

The current president of the bank is Luiz Carlos Trabuco Cappi who is also the president of the board of directors. His age, 66 years, however, is one year short of the bank’s charter requirement where the bank’s president should retire at 65 years.

Luiz Carlos Trabuco Cappi won a waiver where he can hold his position until the bank appoints a new president by March 2018. However, Luiz Carlos Trabuco Cappi stated that the announcement might come earlier and that the person who will succeed him must be able to run a large, complex and segmented bank.

Future president

So, who among the seven vice presidents is most likely to take Luiz Carlos Trabuco Cappi’s place? Luiz stated that no particular individual has been chosen and that the process will be normal and fair. However, a section of analysts are trying to predict who might take over the CEO position. Here is a list of their top candidates.

  1. Domingos Abreu, 58, who’s responsible for lending and bank’s treasury departments.
  2. Mauricio Minas, 58, who’s in charge of the bank’s IT department.
  3. Marcelo Noronha, 52, who’s responsible for Bradesco BBI, corporate and investment banking, and card operation.
  4. André Cano, 59, who’s in charge of the human resources department.
  5. Octavio Lazari, 54, who’s responsible for the lender’s insurance unit.
  6. Josué Pancini, 57, who’s in charge of branch network and the high-income segment.
  7. Alexandre Gluher, 57, who’s the bank’s chief risk officer.

For more information visit:http://istoe.com.br/5442_NOVO+COMANDO/