Luiz Carlos Trabuco will relinquish post as CEO of Bradesco

Over the last few weeks, it has been announced that major changes are coming to the upper management at one of the largest banks in Brazil. The upper management at Bradesco is undergoing a major shakeup that will see a new CEO appointed by March of next year.

Luiz Carlos Trabuco, the current CEO of the firm, will be stepping down from the position he has occupied over the last 8 years. He will be replacing outgoing chairman Lazaro Brandao as the head of the board of directors, a job that he has been personally selected to do by the longtime chairman.

It will be up to Trabuco to appoint his own replacement, which he will be required to do by March of 2018. He has stated that the selection of the next CEO is an extremely important step in ensuring the company’s continuity. Trabuco has stated that he will take his time in selecting his successor, making sure that the right person for the job is picked.

Brandao’s departure marks the end of a prosperous era

The changes started with the announcement of Lazaro Brandao that he would be permanently stepping down from all roles with the company. At 91 years old, he is one of the oldest actively serving chairpersons in the world. Brandao has been with the company since 1943, an incredible career that has spanned nearly 75 years. Over that time, he has presided over the period of greatest prosperity in the bank’s history.

Starting in 1981, he was appointed CEO of the bank. Between 1990 and 1999, he occupied both the position of CEO and of chairman of the board, the only time in the bank’s history that one person has occupied both positions on more than a temporary basis. Between 1990 and 2009, he oversaw the growth of the firm from small regional player to a major national powerhouse of finance. Over that period of time, the bank’s stock price increased by a factor of more than 300 times, one of the most spectacular instances of growth in market capitalization of any company in Brazilian history.

Now, even as Brandao approaches the age of 92, there are many stakeholders in the company who are less than enthusiastic about his retirement. Many cannot conceive of a Bradesco that is not, at least in part, under the leadership of the inveterate financier. However, Brandao has stated that there is no chance that he will give an encore performance this time around. He has stated that he would like to spend more time with his family. Brandao has also made it clear that Luiz Carlos Trabuco is the best man for the job and the only one who has a chance to fill the large spiritual gap left by Brandao’s absence.

Who will be the next CEO?

This leaves the question of who the next CEO will be. Trabuco has stated outright that he will not be looking outside the firm to recruit the next CEO, keeping in line with a long-established company tradition of only appointing CEOs from within the bank’s own ranks.

Many people close to the process believe that there is one person, in particular, who is the favorite to be selected as Trabuco’s successor. Mauricio Minas, the 57 year old chief technology officer for the firm has been responsible for a number of the bank’s recent successes, including the rollout of the highly touted Next banking platform, which has proven so successful that it has been spun off into its own company.

If Minas is selected to head up the company, it will be more confirmation in Trabuco’s bullish outlook on tech and innovation.

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Luiz Carlos Trabuco’s Professional Journey Is One Of Loyalty And Humility

Bradesco has a rich and diverse history. The Brazilian bank was founded 73 years ago and has consistently featured among the top banks in Latin America. Famed for its string and steadfast leaders, the bank’s most recent president is no different. Luiz Carlos Trabuco has been the bank’s CEO and president since 2009 and has built on the foundations laid by his predecessors to make Bradesco a brand to be reckoned with.

Professional Journey

Luiz Carlos Trabuco thrust himself into the banking industry in 1969 aged only 18. His first position was as a clerk at Bradesco, where he would go on to spend the rest of his professional career. 15 years later, he had risen through the ranks at the bank to the position of marketing. After serving in the position for eight years, he was again promoted to the position of president at Bradesco Previdencia. In 1999, after coming close to being named Bradesco’s president (Marcio Cypriano was the man named president), Luiz Carlos Trabuco was selected to be the executive vice president of Bradesco Seguros. Four years later he was promoted to become the organization’s president. He eventually left the insurer in 2009 to become the president of the Bradesco group.

Current Engagement

Bradesco is continuously engaged in expansion efforts. Consequently, has for the last seven years been building up on the expansion efforts initiated by Marcio Cypriano before him. Through a combination of organic growth and acquisitions, Luiz Carlos Trabuco has been able to grow Bradesco’s branch network to over 5000 agencies distributed all around the country. The biggest acquisition undertaken by Bradesco with Luiz Carlos Trabuco at the helm was in 2015 when the bank bought the mid-tier bank, HSBC Brazil for slightly more than five billion dollars. Unfortunately, the lack of favorable acquisition opportunities has prevented Bradesco from using this strategy more often during Luiz Carlos Trabuco’s tenure. However, with the Brazilian economy experiencing some rejuvenation, he might just pull a few rabbits out of the hat and make Bradesco the biggest private bank in the country again.

Board Memberships

Given his unrivaled expertise in banking, Luiz Carlos Trabuco currently sits on the boards of some important organizations. He serves as the president of the National Confederation of Financial Institutions and is also a member of the International Association for the Study of Insurance Economics (also known as the Geneva Association). He also sits on the board at the Brazilian Federation of Banks (FEBRABAN) Further, in the past he has previously led the National Federation of Supplementary Health (FENASAUDE) and the National Association of Private Pensions (ANAPP).

Legacy

Having been with Bradesco for the last 48 years, Luiz Carlos Trabuco heading towards sunset of his career at Bradesco. He will, however, leave a strong impression on many at Bradesco and in Brazil’s financial sector. Among his most endearing qualities that he will likely be remembered for are his patience and loyalty. He has stuck with one single employer throughout his entire career, having to persevere when things do not go his way. He could have been heartbroken and decide to leave the bank when he was not named its president in 2009, but he instead decided to stay and learn as much as he could from Marcio Cypriano. In the end, he ultimately got the position and an opportunity to implement the brand of leadership he believes is best suited for Bradesco. His journey is a lesson to all aspiring bankers out there that learning and humbly waiting your turn can do wonders for one’s career.

For more information about Luiz Carlos Trabuco, just visit istoe.com.br

Investment Banking Involves More Than Just Opening Checking Accounts

The banking industry has various types of banking institutions. While most people are familiar with the traditional local banks where people do daily banking activities such as opening checking accounts, there are other types of banking institutions. One of the banking types that people may not be aware of but tend to hear about all the time is investment banking, which is also called corporate banking.

As one of its commonly used names suggest, corporate banking is known for establishing and maintaining banking relationships with corporations. Whether large or small, corporations tend to work with investment banks because the structure and functions of investment banks is more suited to handling corporate clients.

The investment banking structure consists of three primary areas. These areas are asset management, sales and training, and investment banking division. The three areas have some cross over but the areas are structured differently. Each area provides a unique range of banking services.

Any investment bank can use the various areas that comprise the investment banking structure. However, usually only large investment banks manage more than one investment banking area at one time.

Smaller investment banks usually focus on one investment banking area because the banks lack the financial and human resources needed to handle multiple investment banking areas. As a result, smaller investment banks generally focus on one particular investment banking area. The area that many smaller investment banks focus on is investment banking division.

Investment bankers are one of the key resources in any investment bank. A good investment banker can make an investment bank highly successful. The combination of talents and skills needed to become an investment banker make it hard for people to master the position. However, there are numerous successful investment bankers in the investment banking arena.

Martin Lustgarten is currently one of the most successful investment bankers. He is the founder and CEO of his own investment firm Lustgarten Martin. He has acquired a quality list of clients over the years, which includes both large and small corporations along with various individuals.

He provides his clients with a variety of investment banking services, but he also provides a risk taking approach to his services that gives his clients a unique blend of banking options.

Investing With Martin Lustgarten

Investment banking is a branch of banking where the sole mission is to raise capital for entities and governments. Offering advisory and capital-raising services entails their day to day activities which an investment banker is entrusted with. In investment banking, there are lots of services that can be offered to raise capital. These include; hedge funds, merger acquisitions, bond financing and equity financing, just to name a few.
In investment banking, the financial institutions help their client to create capital by acting as their agent in the issuance of securities. They also offer underwriting services for their client. Acting a middleman for the client who wants to buy and the company that are issuing the securities, the banks are able to achieve a win-win situation for both. Investment bankers are the financial advisors who enable a smooth transaction for both parties. They are essential useful in capital markets where one stands to reap a full harvest if directed and advised well.
Born in Venezuala, Martin Lustgarten is the perfect embodiment of what a business mogul should be like. He is a known global leader in investment banking who has been known to bring success wherever he touches. Like he saying goes, Martin turns everything he touches to gold. As the founder and CEO of Lustgarten, Martin based in the US, he has amassed quite the fortune for himself too.
The Austrian- Venezuelan takes pride in helping companies make money off the capital markets to raise funds. He gives sound and strategic advice in matters concerning finances which gear the company towards more profit and raising capital. In the years where he has offered his services, Martin has become synonymous with company growth and great profits. He has created a brand which is recognized internationally.
Martin is in his 50s and enjoys his spare time with his family. He has interests in collectibles as he also sells vintage watches which he personally collects. Follow Martin Lustgarten on Instagram to keep up with news and activity.