There aren’t a lot of influential executives in the Brazilian economic life. That said, heading an institution like Bradesco puts the executives at the top of the country’s prominent positions. Such leaders pass through tight scrutiny on the credit operations since they partake some of the toughest and largest projects in the country. Their position is closely followed by political leaders and top executives in different industries, and that’s why their opinion is always captured on various media channels.
What’s in for Trabuco?
One of the people who enjoy such privileges is Luiz Carlos Trabuco since he is the president of Bradesco, which is one of the largest private banks in Brazil. He replaces Marcio Cypriano who leaves the institution after reaching the retirement age. Cypriano left a good track record given that in the ten years he was in office, he multiplied the Bradesco market value from 5 to 30 billion.
Luiz Carlos Trabuco comes in as the fourth president of the institution, and his appointment was undoubtedly a success, given his track record at the company. His efforts in achieving in the industry especially when he was the head of Bradesco Seguro caught up the eye of most people within the institution. During his leadership tenure, the market share rose from 23 to 25 percent of the total premium. Additionally, the insurer contribution raised the bank’s profit from 26% to 35%.
In his inaugural speech, Luiz Carlos Trabuco reiterated that the leadership wasn’t his goal but his main aim was to do the best to serve all people equally. Later in August of the same year, Luiz Carlos Trabuco made one of the boldest moves when he appointed Lazaro Brandao as the chairman of the board and also purchased HSBC for 5.2 billion dollars. The acquisition of HSBC was one of the greatest achievements given that it could have taken the banking industry about six years to achieve a substantial growth.
What the future holds
Luiz Carlos Trabuco started his banking career in 1969. Over the years he went through different hierarchical levels, but his breakthrough came in 2003 when he took over the leadership of Bradesco. After stepping into office, he created a corporate university and began to seek the renewal of the financial sector by speaking to bank executives from different levels.
Luiz Carlos Trabuco has always been optimistic about the future market. According to him, the insurance industry is an extension of the state and plays a fundamental role in the maintenance of the social welfare. He understands that the finance segment is of great importance and that there is a lot that needs to be done to ensure that the sector achieves the best.
His leadership has gained a lot of praise from many people, especially the impact of his leadership in the entire finance sector. Additionally, he thinks that it’s important for the government to understand the role that such institutions play in terms of the economic growth and the modern society.
Learn more about Luiz Carlos Trabuco: https://www.bradescori.com.br/site/conteudo/interna/default3.aspx?secaoId=572