Brazilian Banking Sector Set To Experience Changes As Bradesco Taps Luiz Carlos Trabuco Cappi To Become The Chairman

Luiz Carlos Trabuco Cappi is the man to watch in the Brazilian banking sector. He has been working at Bradesco Bank, the second largest lender in Brazil for close to five decades. He was recently appointed to the top-most post in the bank. As the chairman of Bradesco bank, Luiz Carlos Trabuco Cappi is now tasked with overseeing the operations at the bank and providing guidance to the board of executives who are involved with the day-to-day running of the bank.

Luiz started serving as the chairman of Bradesco following the appointment by the former chairman, Mr. Lazaro Brandao. The former chairman stepped down from the post citing personal reasons. In his statement, Lazaro Brandao noted that he felt the time was ripe for Bradesco bank to choose another chairman to lead the bank into the future. By the time he was resigning, the 91-year-old Lazaro Brandao was the oldest serving chairman of a bank.

When Luiz was tapped to succeed Brandao, the bank started the process of recruiting the next president of the bank. The Brazilian banking regulations do not allow an individual to serve as the chairman and president of a bank at the same time. On this light, Luiz Carlos Trabuco Cappi was allowed to serve in the two offices until March this year when the bank announced Octavio de Lazari as the new president of Banco Bradesco.

Octavio de Lazari was tapped from a pool of seven vice presidents who had expressed their interest to lead the company’s executive board. Among them, Octavio de Lazari was the least favored, and many people including experts had not foreseen his appointment to succeed Luiz.

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On his part, Luiz defended the appointment of the new president saying that it was done on merit and Octavio deserved it. Octavio is also a long-serving employee at Bradesco bank with numerous years of experience working in various departments of the bank. He once served at Bradesco Seguros, the insurance division of the bank where he introduced a raft of changes.

Lazaro Brandao, the outgoing chairman of Bradesco Bank
Lazaro Brandao began working in Banco Bradesco in the early 1940s. He was among the few employees who started working at the bank when it was founded by Amador Aguiar. He has played a key role in pioneering many banking products in Brazil. When he served as the chairman, Bradesco bank acquired many smaller institutions, thus enabling them to dominate the Brazilian banking industry.

During his time as an executive at Bradesco, Mr. Brandao has nurtured many leaders, including the former CEO, Luiz Carlos Trabuco Cappi who just succeeded him as the chairman of the bank. Mr. Brandao accepted the application by Luiz despite having training in a totally different field. This is without considering that Luiz started working in the bank when he was just seventeen years old.

The former chairman will be remembered as a great leader with outstanding management abilities. He encouraged the growth of other employees by recommending them for promotion whenever an opportunity arose in the bank. Brandao’s influence resulted in more employees joining the company and working day and night to ensure the company’s success.

Find more about Luiz Carlos Trabuco Cappi: http://www.valor.com.br/financas/5153264/bradesco-novo-presidente-saira-do-corpo-executivo-afirma-trabuco

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