Luiz Carlos Trabuco is a well-recognized executive in the Brazilian banking industry. He is also an experienced banker and astute manager with a lot of knowledge and experience in the Brazilian financial market.
Since 2009, Mr. Trabuco has been the CEO of Bradesco Bank, Brazil’s second-largest private bank. Over the years, he has steered the company to a higher competitive edge and recently named the Chairman of the Board of Directors, after the resignation of long-serving Chairman, Lazaro de Mello Brandao. Trabuco will now serve in both capacities, as CEO and Chairman, until a replacement is chosen during an annual general meeting scheduled for March 2018.
The career of the Mr.Trabuco is decorated with several milestones achieved in more than three decades of service. Trabuco started his career as a clerk at around the age of 18, rising through the ladder to take various leadership positions in the process. He has also served in several positions in companies associated with the Bradesco conglomerate.
He rose to the position of executive director and president of Bradesco Previdência one of the companies owned by Bradesco. He held this position until 1998 when he took over as vice president of Bradesco Seguros, another subsidiary of Bradesco. He would later become the president of Bradesco Seguros in 2003.The company recorded tremendous growth under his leadership, growing in performance and becoming a national leader and commanding a 25% market share.
3. Trabuco is credited with realigning various structures within Bradesco and his efforts were recognized by various players in the banking industry. In 2015, Mr.Trabuco was awarded the entrepreneur of the year award by Dineheiro.
Among the milestones he is given credit for is the acquisition of HSBC Brazilian branch at a cost of $5.2. Trabuco is known for his commitment to work in which he puts more than ten hours of work including some work hours over Saturday.
Bradesco’s board of directors has proposed raising the age limit for holders of the CEO post from under 65 years to less than 67 years. Although Luiz Carlos Trabuco Cappi will be 65 years old next October, he may have an additional two years as the CEO, if shareholders elect him the Ordinarily Annual General meeting in March 208.
4. Trabuco has served as a board member for several associate companies including being a board member for Arcelor Mittal Brasil SA. He has also served as the President and Director of Odontoprev SA.
5. Trabuco holds a post-graduate degree from USP’s School of Sociology and Politics and a degree in Philosophy, Sciences, Languages and Arts from the same University.He has been a non-Executive Director of Banco Espirito Santo SA.
His other high ranking positions include serving as President of ANAPP( the National Association for Private Pension Plans ) between 1994 and 2000.His extensive knowledge in business management also saw him serve as a member on the managing board for the Brazilian Association of Listed Companies (ABRASCA), where he sat between 2000 and 2003.
As Bradesco bank realigns its management structure following the resignation of the 91-year-old chairman, eyes will be on executives such as Trabuco and a lot of responsibility will fall on them steering the company forward. One encouraging aspect, however, is that the bank is known for sourcing its leadership from within and promoting deserving individuals by merit.
It is clear that Luiz Carlos Trabuco has been instrumental placing Bradesco bank at a competitive edge within the Brazillian banking industry. His ability to balance between political demands, work and family has won him several friends and a wide-ranging network.