Luiz Carlos Trabuco: Legacies Left For Bradesco Bank

Luiz Carlos Trabuco Cappi has resigned from the position as the president of Bradesco Bank. He reached the compulsory age of retirement, and he left the post last March 2018. Octavio de Lazari Junior replaced him, and he stated that he is hoping for his successor to continue the legacies that he initiated within the company. Known for his reforms within Bradesco Bank, the former president of Bradesco Bank kicked off a new age in the company’s history. His greatest contributions to the company would be the changes in the rules and regulations concerning the welfare of the employees and the acquisition of several financial institutions all across the country.

As a child, Luiz Carlos Trabuco Cappi already showed interest in working for Bradesco Bank. When he became a teenager, he decided to apply as a bank clerk, and the company hired him. He was one of the youngest employees of Bradesco Bank, and he did his best to maintain his grades at school while working as a bank clerk. His passion for the job and the determination to succeed in life landed him a promotion 15 years after he joined the company. He was given the responsibility to promote a healthy environment between Bradesco Bank and the media. Right after his first promotion, Luiz Carlos Trabuco Cappi will be assigned to different departments within the company, holding several high-ranking positions, and transforming the company like never before.

Read more: Bradesco anuncia substituto de Trabuco

He was promoted to become the president in 2009, and the board of directors at Bradesco Bank chose him because of his contributions to the company and his impressive background. Luiz Carlos Trabuco Cappi had to do drastic measures that would ensure that Bradesco Bank would be back on track. He is facing the challenge to transform the company as the leading bank in the country, a recognition that is lost after the merger of Banco Itau and Unibanco in 2009 which paved the way for the creation of the Itau Unibanco according to istoedinheiro.com.br. As the new president, he looked for several ideas on how he could increase the assets and the investors working with Bradesco Bank.

One day, he had the idea to acquire the largest financial institutions in the country. He browsed all of the companies one after another, and the company that appealed to him the most was HSBC Brazil according to folha.uol.com.br. Luiz Carlos Trabuco Cappi started to speak with the executives working with HSBC Brazil, and he presented his contract with them, persuading the executives to join Bradesco Bank. However, the executives at HSBC Brazil made it tough for the president of Bradesco Bank to get their approval. The talks lasted for months, and the contract was revised several times. In 2015, both parties finally agreed to sign the $5.2 billion deal, and it was considered as a victory for Bradesco Bank.

Today, Bradesco Bank enjoys a higher value at the stock market, and more investors are developing an interest to work with the company. Thanks to the brilliant plans of the former president of Bradesco Bank.

Source: https://oglobo.globo.com/economia/bradesco-anuncia-novo-presidente-octavio-de-lazari-junior-vai-substituir-luiz-carlos-trabuco-cappi-22365414#ixzz56wDld69g

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