The current CEO of Banco Bradesco S.A. since 2009, Luiz Carlos Trabuco is going to remain in his executive position until March 12, 2018. He has been at the head of Banco Bradesco for the past 9 years as he has guided the corporation through some good and not so good times. The Bank will be introducing it’s new leadership officially when Trabuco steps down.
Undergoing a powershift currently, Banco Bradeso has recently announced that President Ocatavio Lazari Junior will be talking over the position of CEO from Luiz Trabuco. Both of these men have a long history with Bradesco, although this change is taking place very soon. Revenue in the amount of $76.3 billion Reals as 2017 came to a close shows that Banco Bradesco is on the right path. Hardly saying 2017 was a bad year, the amount in revenue happened to be 6.8% higher than 2016 according to estadao.com.br.
Showing growth is a plus in any financial institution, however, a transition is still underway between Trabuco and Lazari Junior. Many are optimistic of the national economy for the year 2018 as GDP growth, calm inflation, and low interest rates have set this current administration up for success in the coming years. In regard to the growth mentioned earlier, Lazari stresses the importance of ensuring they have a better year than the years prior. One thing is for certain, both Trabuco and Lazari are stressing the importance of having good pension reform.
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The explanation of the choice of the new president by Trabuco shows that it took some time for the final selection. Many felt as though Lazari would be chosen as one of the finalists, due to his many experiences within Banco Bradesco. Stemming from his work in the late 1990’s working in the credit area to his many promotions starting in 2010, this was a clear choice in regard to Luiz Trabuco’s successor.
Luiz Trabuco began his banking career and activities at Bradesco on April 17, 1969. He served as the Managing Director of Banco Bradesco S.A. back in March, 1999. He experienced much success in that department, and from there he moved on to various positions throughout the bank. As he was heavily involved in Private Pension plans, not many know that he was alo the President of the National Association for Private Pension Plans from August 1994 to August 2000. This is one of the many reasons Trabuco stresses the continued commitment to pension reform. His days as CEO will soon come to a close as Octavio de Lazari Junior will accept his new position as of March 12, 2018.
Learn more about Luiz Carlos Trabuco: http://www.valor.com.br/financas/5227979/sucessao-no-bradesco-deve-ocorrer-no-primeiro-bimestre-diz-trabuco