As the current Chief Executive Officer of Banco Bradesco S.A. since 2009, Luiz Carlos Trabuco Cappi is remaining in his executive position at least until March 12, 2018. Having been at the head of such a great establishment in Banco Bradesco for the past 9 years, change inevitably happened to occur roughly one year before his ten-year anniversary as CEO. The bank will be ushering in new leadership soon when Trabuco steps down.
Currently Banco Bradesco is undergoing a powershift, where newly announced president Octavio de Lazari Junior will be taking the reigns of leadership within the bank. As both men have a storied history with the bank, change was needed as it was decided there will be a new CEO. Closing 2017 with revenues in the amount of R $76.3 billion, it’s hard to say that Banco Bradesco had a bad year. Quite the contrary, this was a rise of 6.8% compared to 2016.
Although last year saw growth in the financial sector, there is still a transition underway between Luiz Carlos Trabuco Cappi and Octavio de Lazari Junior. Many bankers are optimistic of the national economy for 2018, as low interest rates, relatively calm inflation, and GDP growth between 2% and 3% it makes a tough argument for change. However, Lazari stresses how they must have a better year than the years before. One thing is for sure, Lazari and Trabuco both stress how important having good pension reform is for the overall benefit.
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Luiz Carlos Trabuco explains how the choice of the new president took quite some time to come to a final selection according to meioemensagem.com.br. Knowing that Lazari would be one of seven vice presidents, the choice was weighed by the noted experience that Octavio Lazari has. From his work in the late 1990’s working in the credit area to his many promotions starting in 2010, the choice was clear for Luiz Trabuco’s successor.
Luiz Trabuco began his professional banking career and professional activities at Bradesco on April 17, 1969. Trabuco served as the Managing Director of Banco Bradesco S.A. back in March 1999 and after success in that department he went on to various positions throughout the bank. A major involvement in Private Pension plans, as he was the President of the National Association for Private Pension Plans from August 1994 to August 2000, gave him reason to stress the continued commitment to pension reform. Currently his days as CEO will finally come to a close as Octavio de Lazari Junior will accept the position on March 12, 2018.