Longtime Chairman of Banco Bradesco, Lazaro de Mello Brandao, resigned from his post earlier this year, in the second week of October. To fill the void Mr. Brandao left behind, then-Chief Executive Officer Luiz Carlos Trabuco Cappi immediately moved into the role of Chairman.
Luiz Carlos Trabuco Cappi also served Bradesco as the Vice President of its Executive Board of Directors, a position he resigned from to fill Mr. Lazaro Brandao’s now-former position. Carlos Alberto Rodrigues Guilherme filled Mr. Trabuco’s vacancy as Vice President, and will remain in the role until a new CEO is selected sometime in the first quarter of fiscal year 2018.
Bradesco will announce the next candidate’s hiring at least 30 days prior to its yearly meeting of shareholders in March.
Banco Bradesco Is Considering Hiring From A Panel Of Seven High-Ranking Members Of Its Executive Staff
The bank has made official its intentions to hire from a bank seven individuals currently employed by the bank, their tenures ranging from upwards of 40 years to just 8 years.
Alexandre da Silva Gluher and Domingos Figueiredo Abreu both played important parts in the acquisition of rival bank HSBC Holdings, a deal finalized in early 2016. The two are more likely than other executives to be hired, although current information technology department head Mauricio Machado de Minas also stands a strong chance of promotion.
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The Basics Of Luiz Carlos Trabuco Cappi
Luiz Carlos Trabuco Cappi was born in Marilia, Brazil, in 1951. He attended the Faculty of Philosophy, Sciences, and Letters of Sao Paulo de Marilia and the Fundamental School of Sociology and Politics of Sao Paulo after finishing up secondary school, graduating from the latter program at the young age of 17.
That same year, he became a teller at Banco Bradesco’s Marilia branch. Although the bank wasn’t still in the stages of infancy, he joined early enough to play an instrumental part in its eventual expansion and maintenance as the largest private bank in the country of Brazil.
Just as longtime employee and executive Lazaro de Mello Brandao began the tradition of, Luiz Carlos Trabuco Cappi rose through the ranks of the bank internally. Following this tradition, the bank’s next Chief Executive Officer will come from within, particularly from Bradesco’s Executive Board of Directors.
The History Of Banco Bradesco
In March of 1943, Marilia, Brazil, became home to Banco Bradesco’s first institution. Amador Aguiar, who would go on to stay with Bradesco for several decades following its foundation, founded the bank in the name of entrepreneurship. Little did Mr. Aguiar know that Bradesco would soon become the largest financial services company in all of Brazil.
Thanks to the guiding leadership of Amador Aguiar and company, Bradesco quickly become the largest private bank in the country by 1951, a title it held up until 2009, when super bank Itau Unibanco was yielded from the merger of Unibanco and Banco Itau.
Over the years, Bradesco has had two Presidents – two until Luiz Carlos Trabuco Cappi took over in mid-October of this year – and four Chief Executive Officers.
Bradesco is currently traded on BM&F Bovespa, Brazil’s national stock exchange, the New York Stock Exchange, and the Madrid Stock Exchange, making it available as one of the most widely-traded stocks in the world.
Banco Bradesco has over 5,000 branches across its home nation of Brazil, although there’s one in New York City, New York, United States, two stowed away in Grand Cayman, and partnered financial institutions across the world, including in the cities of Tokyo, Hong Kong, and London. It remains the second-largest private financial institution in Brazil, the fifth-most populated country on planet Earth.
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