Brazil has one of the largest economies in the world. Well, that is given the fact that the economy is measured by the penetration of trade from exports and imports. Even so, Brazil’s large size is always explained through its ability to hoard information regarding its primary source of income. But after extensive research, it is clear that the banking industry controls most of Brazil’s economy.
Consequently, the government has been pushing most of the country’s banking institutions into an excellent performance. And Banco Bradesco is just one of them. As such, the leadership of Bradesco, Brazil’s major banking institution changed over late last year (2017) when Brandao de Mello, the then serving chairman and president resigned. In his resignation, he insisted on the value of maintaining the leadership portfolio of the company.
Among other factors that Brandao mentioned when resigning included his predecessor’s ability to lead when he steps down. Luiz Carlos Trabuco Cappi, the serving chief executive officer, was to step in for Brandao until Banco Bradesco elected a new president that could keep up the pace under which, the bank operated. Now recently, the board of directors held a meeting with the agenda of electing a new president like it was supposed to be. Mr. Octavio de Lazari is replacing Luiz Carlos Trabuco based on the actual initial agreement and the policies of the banking institution. This is because technically, Luiz Carlos Trabuco Cappi cannot serve two positions in the institution as chairman and CEO. Also important to note is the fact Luiz Carlos Trabuco Cappi has other responsibilities within the banking institution.
Well, over the years, Banco Bradesco has gone through extensive changes, and this is just one of them. With that said, Octavio de Lazari’s election was based on personal merits and his academic credentials. That is why after a series of meetings by the board of directors; Octavio de Lazari seemed like the best option as he was endorsed through a formal process that was also approved by Bradesco’s committee.
Far from that is the fact that Luiz Carlos Trabuco Cappi has led Banco Bradesco in many aspects. That explains why even as he steps down from the presidency, his input will still be intact and his legacy will continue to be revered. Having joined the company at the tender age of seventeen, Luiz Carlos Trabuco Cappi paved the way for his ability to lead the banking institution straight from when he graduated from college. He first worked as a clerk then earned promotion through legal means as his merits dictated his ability to lead.
Well, when he joined Bradesco, Luiz Carlos Trabuco Cappi did not focus on being the lead executive. In fact, he concentrated on being the junior employee for some time. However, his performance was highly lovable, and his input in the banking industry was admirable. Therefore, the board of directors rewarded him by promoting him to serve as an investment manager and a sales agent who oversaw the insurance department. Well, Luiz Carlos Trabuco Cappi was an excellent team leader. He landed impeccable deals that in turn, led him to accelerate Bradesco’s economic growth.
Moreover, he expanded the service scope of the bank by incorporating modern banking services. Luiz Carlos Trabuco spent most of his life growing Banco Bradesco’s portfolio of services. He was also instrumental in electing the leadership team of the bank. As such, following his great input, Luiz Carlos Trabuco Cappi gained numerous awards as well as citations including entrepreneur of the year award that was conferred by Money Magazine. At the same time, he earned numerous recognition as a team leader and a banking executive.