Changes are ahead for Brazil’s Bradesco Bank with the recent retirement of Lazaro de Mello Brandao as chairman of the bank and the elevation of Bradesco CEO Luiz Carlos Trabuco Cappi to the chairman position. The bank has begun a search of internal candidates to fill the position of CEO before the upcoming annual meeting.
Lazaro de Mello Brandao started working for the bank in 1943 as a 16-year-old bank clerk. He has served in multiple capacities in the bank, He was CEO of the bank from 1981 to 1999 and served as chairman for more than 25 years. At 91, he was the oldest bank chairman. He has turned over the reins of the bank to Luiz Carlos Trabuco Cappi.
Luiz Carlos Trabuco Cappi graduated from Fundação Escola de Sociologia e Política de São Paulo. Mr. Trabuco started working with Bradesco Bank as a clerk when he was 17 years old. By the age of 32, he had been elevated to marketing director for the bank. He developed a rich experience working in different facets of Banco Bradesco and by age 32 he had become marketing director.
By 1992, he was appointed CEO of Bradesco Vida e Previdência. He spent six years leading the private pension firm until he was appointed as the managing director of Bradesco Bank in 1998. By 2003, he was appointed President of Bradesco Seguros and spearheaded a successful listing of shares on the NYSE. Under his leadership, Bradesco Seguros became one of the largest insurers in Latin America.
In 2009, he became president and CEO of Banco Bradesco. In 2015, he led the takeover of HSBC Bank in Brazil. The deal was the largest banking deal in Brazil history. In 2016, Forbes Magazine named Luiz Carlos Trabuco Cappi as one of the top CEOs in Brazil. His work over the years has helped to build Bradesco into one of the most important banks in Brazil.
As bank chairman, Luiz Carlos Trabuco Cappi will continue to guide the bank forward in the future. Work is now afoot to find a new CEO. Bradesco will do as it’s done before and draw upon experienced internal candidates who understand the bank and the bank’s culture. The election and announcement for the new CEO will take place before the next annual meeting of the bank.
There are several candidates in the running for bank president and CEO and this list represents just a few of them.
– Alexandre da Silva Gluher: Mr. Gluher is the Chief Risk Officer for Banco Bradesco. He’s 57 years old and first joined the bank in 1976. He worked alongside Luiz Carlos Trabuco Cappi in putting together the landmark HSBC deal.
– Domingos Figueiredo Abreu: Mr. Abreu is 58 years old and first joined the bank in 1981. He worked with Mr. Gluher on the HSBC deal. He currently oversees Bradesco’s lending and treasury department.
– Mauricio Machado de Minas: He is a relative newcomer to the bank. He joined it in 2009 and currently heads up Bradesco’s IT department. The 58-year-old was instrumental in launching Bradesco’s digital bank.
– Josué Augusto Pancini: Mr. Pancini has been with the bank since 1975. He’s 57 and heads up the extensive branch network. He’s also in charge of the high-income client segment.
These are just a few of the qualified candidates for bank president. The rich talent pool available means that the bank has choices, depending on the path the bank wants to take going forward. When the announcement is finally made, any new directions will become very visible. While the bank’s leadership is changing, the bank will continue to be a leader in Brazil’s banking industry.
Find more about Luiz Carlos Trabuco Cappi: http://www.valor.com.br/financas/5194121/trabuco-apesar-das-incertezas-investidores-acreditam-no-pais