March 10

Octavio De Lazai Jr. To Succeed Bradesco Bank Leader Luiz Carlos Trabuco

Mr. Luiz Carlos Trabuco of the Bradesco bank was promoted to the positions of Chairman and Chief Executive Officer of the financial establishment by the former leader Mr. Lazaro de Mello Brandao before his retirement. Mr. Luiz Carlos Trabuco was at the post for a couple of years and has already elected his successor.

Luiz Carlos Trabuco is the new chairman of the bank. He started as clerk after graduating in Universtiy of Sao Paolo. Bradesco Bank is the second largest bank in Brazil. Luiz Carlos Trabuco holds different executive positions within the bank. He worked as department director and Vice President.

The next in line for the leadership of the Bradesco bank is Mr. Octavio de Lazari Jr. who is the Vice President of the Bradesco bank and the President of the Bradesco Seguros, a subsidiary. Mr. Octavio de Lazari Jr. will start on his new position n March 13 later this year while maintaining his current position as President of the Bradesco Seguros. The Bradesco bank announced the new leader along with a statement that the appointment of Mr. Octavio de Lazari Jr. is approved by the Succession and Appointment Committee of Bradesco Bank. His appointment is also a way for the back to maintain the continuity of its leadership n acknowledge the achievements of the bank’s own professional.

Read more: Conselho do Bradesco escolhe Octavio de Lazari Junior para substituir Trabuco como presidente

Mr. Octavio de Lazari Jr. achieved his higher education at the Faculty of Economics and Administrative Sciences of Osasco, Sao Paulo. He graduated in Economic Sciences and then move on to specialize in Financial Strategies and Marketing at the FIA. After that, Mr. Octavio de Lazari Jr continued to achieve specializations from different institutions. He graduated in Financial Management from the FGV and Strategies in Finance from the FDC. Later on, Mr. Octavio de Lazari Jr took part in the Advanced Management program which was taught by the renowned IESE Business School located in Navarra, Sao Paulo.

Mr. Octavio de Lazari Jr put a start to his career in 1978 at one of the Bradesco branches in Sao Paulo. He started out as an office boy and worked his way up to becoming the Agency Manager of that branch according to valor.com.br. The next step in his career was in 1988 when Mr. Octavio de Lazari Jr converted into working in credit. He became the Director of the department and worked with clients such as small and medium business, corporate clients, and more.

The next step in his career came in 2010 when Mr. Octavio de Lazari Jr received a promotion to the position of Department Director of the Department of Loans and Finances according to meioemensagem.com.br. A couple of years later, Mr. Octavio de Lazari Jr started working on Board of Executive Officers of the Bradesco bank. After a few more years, Mr. Octavio de Lazari Jrbcame the Executive Officer Vice President of the Bradesco Seguros Group as well as its Chief executive Officer. The Bradesco Seguros Group contains eight subsidiary businesses of the Bradesco bank.

Having started his career at the Bradesco bank at the age of 17, Mr. Octavio de Lazari Jr has worked his way up to the top of Bradesco bank, concluding his climb at the age of 54. He will start taking care of his new responsibilities as the leader in March and continue for a few years before he has to elect a successor.

Search more about Luiz Carlos Trabuco: http://economia.estadao.com.br/blogs/coluna-do-broad/bradesco-deve-anunciar-sucessor-de-trabuco-antes-do-carnaval/

November 10

Brandao’s Leadership Sentiments Likely To Influence Who Will Become The Next Bradesco’s CEO

Even with the retirement of the longest serving employee Lazaro de Mello Brandao, Banco Bradesco SA is under the able stewardship of Luiz Carlos Trabuco. Brandao, 91, served as the chairman of the Osasco headquartered bank for 25 years. He joined the financial institution at its birth in 1943. At the time, Brandao worked as a clerk, but he rose through the ranks to be the CEO (replacing the founder of the bank, Amador Aguiar) of Bradesco in 1981; he served in the position for 18 years.

Although the exit of Brandao came as a hard blow to the bank owing to his many years of experience, the chairmanship position will remain occupied as Luiz Carlos Trabuco will step into the breach. Before assuming the chairmanship roles, Luiz Carlos Trabuco was the CEO of Bradesco since 2009. In fact, he is still the CEO of the institution until the bank appoints his replacement who will take office beginning next year March.

As the CEO and Chairman, Brandao called for the nurturing of Bradesco’s employees to head various departments or even rise to be CEOs or chairmen of the bank. He vehemently opposed the bringing in of professionals from other institutions to come and directly exercise leadership over Bradesco or its employees. An analysis of many Bradesco’s leaders reveals a common trend: most of them have risen through the ranks to get to where they are currently. An example is Luiz Carlos Trabuco who joined the bank in 1969 as a clerk, and since then he has served Bradesco in different capacities before becoming the CEO and recently, the chairman.

As Luiz Carlos Trabuco prepares to hand over the presidency of the second largest private bank in Brazil, pundits are busy trying to figure out who might replace him. According to them, it is no secret that Mauricio Machado de Minas, Alexandre da Silva Gluher, Domingos Figueiredo Abreu, Josué Augusto Pancini, Marcelo de Araujo Noronha, Octavio de Lazari, or André Rodrigues Cano will replace Luiz Carlos Trabuco.

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Analysts considered Brandao’s sentiments regarding the appointment of leaders. Therefore, when they generated a list of the most likely candidates to replace Luiz Carlos Trabuco, they considered only Bradesco’s employees. Also, over the years, the trend by Bradesco to appoint CEOs who are in their early or mid-50’s was a factor in generating the list. In fact, the youngest professional in the group, Noronha, is 52 years. The average age for the group is 56 years. The oldest expert in the group, Cano, is 59 years and if appointed, he will serve for a maximum of eight years. Thanks to the new Bradesco’s by-laws which allow CEOs to hold office until they are 67 years old rightfully. The old laws ensured that Bradesco’s CEOs were 65 years and below. Going by the past by-laws, Luiz Carlos Trabuco, 66, would be unlawfully in office.

Luiz Carlos Trabuco was not handed the chairmanship of Bradesco on a silver platter. The professional who has been at the bank for over 47 years has put Bradesco on the map. For example, two years ago, he convinced the board of directors that it was imperative to acquire the Brazilian branch of HSBC Holdings Plc. The bank went ahead to buy the said financial institution for a whopping $5.2 million. The purchase was considered the most significant one in Brazil and Latin America in 2015. Also, the acquisition revived the bank’s hopes of becoming the leading private bank in Brazil; a tittle Bradesco continually held until 2009 when Itaú Unibanco came to life. Pundits concur that the, in fact, the acquisition put Bradesco ahead of its main competitor in certain aspects.

Visit terra.com.br for more information about Luiz Carlos Trabuco.