Luiz Carlos Trabuco Cappi; What Next For Bradesco?

After serving Bradesco for 47 years, Luiz Carlos Trabuco has finally come to the point he is slated to hand over the mantle of leadership of Brazil’s second-largest bank. Trabuco has served the bank with dedication and has been loyal since his employment at the institution. He is expected to retire and pave the way for the new CEO, Mr. Octavio Lazari. Octavio is the current President of Bradesco Seguro. He has been selected from a pool of highly qualified candidates for the coveted position. He is slated to take over a bank with assets more than $1.3 trillion, and a credit portfolio more than R$ 493 billion.

The Timelines of Trabuco’s Exit

In a recent interview, Mr. Luiz Carlos Trabuco Cappi disclosed that the process of his succession is a well-planned and thought out matter. He stated that it is all on the bank’s calendar. It is expected that Mr. Trabuco will formally hand over the mantle of leadership at the bank on 2.03.2018 during the Annual Ordinary General Meeting.

Trabuco’s Road to The Limelight at Bradesco

Luiz Carlos Trabuco joined Bradesco over four decades ago. He served in various positions before he was selected to head the institution. He has seen many changes at the giant Brazilian bank. He is credited with having built the bank to its current respected status. Mr. Luiz Carlos Trabuco is noted to have helped the bank to register a record number of accounts, soon after he was appointed its CEO. It is reported that there were days when the bank registered up to 3000 new accounts. He was a reformist; thanks to his educational background that seemed to inform most of his decisions.

Read more: Bradesco anuncia novo presidente: Octavio de Lazari Junior vai substituir Luiz Carlos Trabuco Cappi

For instance, he introduced the human touch to customer service. He emphasized the need to have a personal connection with the customers of the bank. While it is not possible to link such an approach to the performance of the bank regarding profits, it is evident that during Luiz Carlos Trabuco’s tenure, the bank grew fast. It also recorded a low number of staffs turnover. His sociology background must have come in handy in matters relating to customer care and the human element in business transactions.

What Next for Bradesco after Trabuco

It is not easy to guess what will exactly become of Bradesco after Trabuco leaves. Indeed, the outgoing CEO will be missed by customers and staff alike. It is not an easy task to build a banks portfolio to the status that Bradesco holds currently. Octavio De Lazari, however, could be yet another pearl in the bank’s reserve of human resource according to ultimosegundo.ig.com.br. He is a well-experienced banker and administrator. He, coincidentally, also serves as the Bradesco Seguro president, a position that Mr. Trabuco also held before his being selected as the Banks CEO. Octavio De Lazari is an experienced man, nonetheless. He was chosen from a host of giants in the corporate sector. The selection board settled on Octavio’s name after sifting through the portfolios of many high standing candidates at the bank. In fact, De Lazari’s competitors were all Executive Vice presidents.

Learn more about Luiz Carlos Trabuco Cappi: https://istoe.com.br/octavio-de-lazari-junior-sera-sucessor-de-luiz-carlos-trabuco-cappi-no-bradesco/