Bradesco is one of the largest banking and financial service institutions in Brazil. For a long time, until 2009, it was the largest private bank in Brazil before Unibanco and Itau joined the market. The headquarters of the bank is in Osasco. Bradesco is the pioneer of the ATM biometric reading system in Brazil. The system enables customers to be identified using the vascular pattern of their hands while serving as a complementary password. The bank offers internet banking services, credit card, and pension plan services. The bank also provides personal and commercial loans alongside leasing services.
Luiz Carlos Trabuco Cappi took over the position of chief executive officer of Bradesco from Brandao when the outgoing CEO turned ninety-one. Luiz Carlos Trabuco Cappi told reporters that Bradesco is set to select the new CEO from its internal candidates, just like they did previously. He holds both the CEO and chairman position temporarily following the resignation of the company chairman; Lazaro Brandao. The bank is scheduled to announce the name of the new CEO in thirty days before its shareholder assembly.
Lazaro Brandao had performed impressively at the company for a long time, and his departure led to another decision to keep Luiz Carlos at the firm until 2019. The bank charter requires the president to retire at the age of sixty-five, which is only one year short of Luiz Carlos’s age, but he has been given a waiver for one year that will not be entirely exercised. The big question for the bank now is who will replace Luiz Carlos Trabuco Cappi as CEO. One of the names that have come up is that of Mauricio Minas who is popular in the market for leading an entire technological revolution of the company on terra.com.br. Another possible candidate is Josue Pancini who has served as the vice president of the company for a long time. Ideally, those who have served for a longer time would be considered first during selection, but this criterion was not given much weight when Luiz Carlos Trabuco Cappi was appointed.
Luiz Carlos Trabuco Cappi is likely to have a significant influence on the selection of the ideal candidate for the highly competitive position. There is an expectation for a fairly integrated transition because the company has many talented individuals who have been in leadership positions and the solid corporate governance of the bank. As much as no loud speculations have been made about it, there is an open dispute over the succession of Luiz Carlos Trabuco Cappi at Bradesco.
Notably, according to Luiz Carlos on infomoney.com.br, his successor has not yet been chosen, and there is no anticipation of who it will be. Instead, it will be a standard routine process that respects talent for exercising the functions of the organization. There is no defined profile for his deputy, but the desired qualities are those of leadership and one’s own light.
Luiz Carlos Trabuco Cappi was born on 6th October 1951 in Marilia. He is a graduate of the faculty of philosophy, sciences, and letters of Sao Paulo. He began his career at Bradesco in 1969 and was elected to serve as the Director of the bank in 1984 and later on became the vice president in 1999. Luiz Carlos was the chairman of Bradesco Seguros Group from 2003 to 2009 and was elected as the chief executive officer in 2009.
Luiz Carlos is one of the most sought for Brazilian executives. Foreign investors have shown a lot of interest in his services. Luiz Carlos Trabuco Cappi has participated in the world Economic Forum in Davos and believes that the return to economic growth in Brazil will not be chicken flight. Instead, it should have already reached 2.3% within the last twelve cumulative months from July last year.