Bradesco Is Home To A Brand New President – Luiz Carlos Trabuco Cappi

Assessing the importance of the role of President in a banking institution doesn’t take a rocket scientist – it’s unarguably more important than any other capacity served in any financial institution around the world. Learn more on Trabuco: Despite the uncertainties, investors believe in the country:http://www.valor.com.br/financas/5194121/trabuco-apesar-das-incertezas-investidores-acreditam-no-pais

What happens when a bank loses their President? Here’s what is going on with Banco Bradesco, a South American financial institution that’s home to Brazil.

Lazaro de Mello Brandao Steps Down

Lazaro de Mello Brandao had been the President of Banco Bradesco since 1990, the same year that Bradesco’s original founder, President, and Chief Executive Officer left the organization, citing health concerns as his sole reason for leaving the institution.

About six or seven weeks ago, Mr. Brandao and Luiz Carlos Trabuco Cappi held a press conference, with journalists unknowing of what was to come. Only when Lazaro de Mello Brandao and Mr. Trabuco Cappi formally announced his retirement from the rank of President did journalists and fellow bankers – with the exception of the institution’s board of directors – know what the conference was set to contain.

Brandao wholeheartedly deserved to relieve his duties, as the 91-year-old worked for Bradesco since he was only 16, remaining with the bank for quite literally the entirety of his working life. What’s even more impressive is the fact he was one of the initial employees to open the very first location, in the same city the future CEO, President, and a man of many other positions within the bank was born – Luiz Carlos Trabuco Cappi.

What’s Happening In The Interim? Who Will Step In For Open Positions?

At the time of the announcement, in the second week of October of 2017, Lazaro de Mello Brandao and Luiz Carlos Trabuco Cappi had left just one role open – that of Chief Executive Officer.

The moment Mr. Lazaro Brandao had formally stepped down, paperwork was already in place to promote Luiz Carlos Trabuco Cappi to President.

As such, Mr. Trabuco Cappi is currently the President, whereas the selected Carlos Alberto Rodrigues Guilherme to serve the banking organization’s team of executives as Chief Executive Officer

When Is The Hiring Process Slated To Be Finished?

In March of every calendar year, Banco Bradesco hosts a shareholder meeting. Mr. Trabuco Cappi has indicated that the new candidate will be selected for the role of CEO prior to March, 2018’s sharholder meeting.

The Relationship Between Trabuco Cappi And Brandao

Earlier last year, in the first week of October, Luiz Carlos Trabuco Cappi had turned 65 years of age. This is of importance because once the Chief Executive Officer – the role Mr. Trabuco Cappi was in – turns 65, he must immediately find a replacement and step down.

However, Mr. Lazaro Brandao has worked alongside Mr. Trabuco Cappi to change the aforementioned rule prior to his 65th birthday. Brandao was able to get the internal legislation enacted into the organization’s bylaws and guidelines prior to Mr. Trabuco Cappi’s 65th birthday, formally extending the maximum age of CEO to 67. This change happened less than one calendar year ago, as recently as September of 2016.

Brandao had planned on stepping down at an ideal time to keep Luiz Carlos Trabuco Cappi in an important role throughout Banco Bradesco’s team of executives.

Such suggests the relationship between the two longtime executives was objectively strong, especially when compared to relationships between others working for Banco Bradesco.

The Background Of Trabuco

Luiz Carlos Trabuco Cappi began his 40-plus-year tenure in 1969, as an entry-level teller. Mr. Trabuco Cappi was invited to its HQ in 1971 – all’s uphill from there. Visit:http://www.infomoney.com.br/mercados/noticia/6024599/frases-luiz-carlos-trabuco-sobre-economia-brasileira-davos

Why Trabuco’s Appointment as Chairman of Bradesco Came as no Surprise

 

Historically, Banco Bradesco SA’s process of appointing either a new chairperson or chief executive officer is shrouded in secrecy. After the first chairman and president, Amado Aguiar, Bradesco’s appointments in the mentioned offices have come to many as a surprise. The names that dominate the mainstream media, publications, and the internet as the likely names to occupy the high offices always have never been the names that Bradesco settled on. Case in point: the appointment of Lazaro de Mello Brandao in 1981 to take over the presidency of the bank came as a surprise as his name had not featured widely in the names pundits thought were best suited to succeed Aguiar. Ten years later, Brandao got appointed to succeed Aguair as the chairman of the bank owing to the dilapidated state of health of Aguiar. Again, his appointment raised an eyebrow as he was seen as an underdog in the succession battle. Brandao is now retired having served the bank for over 74 years. He relieved himself of the chairmanship duties on October 11. Check more on istoe.com to know more about Trabuco Bradesco.

However, many experts expected Luiz Carlos Trabuco to take over the chairmanship of the bank last month, and he did. But no one thought he would be Marcio Cypriano’s successor as CEO in 2009. Trabuco, who is the serving CEO of the bank, was talked about less as José Luiz Acar Pedro’s and Roger Agnelli’s names too the center stage. Once again pundits were proven wrong when Trabuco was started serving as the CEO of the bank in March 2009. After eight years as CEO, Trabuco was set to retire, and probably leave Bradesco early next year. Not any more as he is now the new chairman representing the Bradesco Foundation, the controlling shareholder of the bank, on the board of directors. It is safe to assume that Trabuco’s tenure as CEO is likely to be as lengthy as Brandao’s tenure which spanned over 25 years.

According to Bradesco’s bylaws, a new CEO is supposed to be elected soon, and heshe will assume office in March next year when Trabuco’s term officially comes to an end. As was the case in the previous instances of successions, the most talked about professionals currently seen as the overdogs in Trabuco’s succession talks include:

  • Mauricio Machado de Minas
  • Alexandre da Silva Gluher
  • Domingos Figueiredo Abreu
  • Josué Augusto Pancini
  • Marcelo de Araujo Noronha
  • Octavio de Lazari
  • André Rodrigues Cano

Who are they? The bank in its past appointment of professionals to occupy the high office has shown bias in favor of its employees. In fact, in a media event covered by Bloomberg, Trabuco was categorical that Bradesco would not venture out in search of a new CEO—Bradesco would instead appoint one of its own to lead the bank. Who among the seven will succeed Trabuco?

As indicated earlier, Trabuco’s appointment to succeed Brandao came as no surprise as people had speculated the same. The speculations arose from the view that having served the bank for over 48 years, Trabuco understands Bradesco like the back of his hand, and he would continue the institutions’ culture like he predecessors would have done. But make no mistake, Trabuco is a revolutionary leader who is not scared to push the boundaries even if they are somehow against what his predecessors advocated. While Aguiar was against segmentation, Trabuco was and is still a proponent of segmentation. In fact, Bradesco has successfully implemented segmentation under Trabuco’s stewardship. Also, Trabuco is in support of the bank’s culture of appointing its staff at the expense of professionals from other institutions, but he remains open-minded to the concept of scouting for talent from outside Bradesco. Visit:http://www1.folha.uol.com.br/mercado/2017/10/1926043-lazaro-brandao-sera-substituido-por-trabuco-no-conselho-do-bradesco.shtml

 

After Deservedly Getting to the Top of Bradesco Seven Years Ago, Luiz Carlos Trabuco is Now Consistently Delivering

 

It is often said that getting to the top is easy while remaining there is the hard part. Nowhere saying manifested better than in the business world. We have seen companies valued at billions of dollars fall into liquidation within only a few years. While such incidences have been difficult to witness, they have also enabled us to develop a greater appreciation for the businesses that have consistently remained at the top. One such business is Brazilian bank, Bradesco. For the past seven decades, the bank has formed part of the crème in the Brazilian banking industry. Looking forward, the bank’s continued stay at the top is almost guaranteed, thanks to the strategic management of current president, Luiz Carlos Trabuco. Having been with the bank for close to five decades now, his loyalty and consistent performance have not escaped the attention of many in the country.

Luiz Carlos Trabuco and Bradesco have always shared a bond that goes beyond the employer-employee relationship. The bank was launched by its founder, Amador Aguiar in 1943 in the small city of Marilia. Eight years later, in 1951, Luiz Carlos Trabuco was born in the same city. The year of his birth coincidentally turned out to be the same year Bradesco became the largest private bank in the country – much later, Luiz Carlos Trabuco would become the bank’s president in the same year it lost this number one spot. The paths of the two then crossed in 1969, when an 18-year old Luiz Carlos Trabuco was employed as a clerk at Bradesco’s branch in the city where they shared their origins, Marilia.

However, contrary to what has constantly been reported, the primary motivation for acquiring HSBC was not to chase down Itau Unibanco. Rather, Luiz Carlos Trabuco signed off on it because it made great financial sense to Bradesco. While reclaiming the number one spot would bring great pride to Bradesco, a bank has to look after the interest of its stakeholders first. The acquisition greatly accelerated the bank’s growth. Among the gains, it made from the deal was the addition of approximately one million high-value clients (individuals receiving in excess of R$10,000 a month) to its books.

The purchase of HSBC by Bradesco also revealed a high degree resoluteness in the bank’s culture that Luiz Carlos Trabuco has helped to maintain. Ironically, a decade prior, it was HSBC Brazil that was considering acquiring Bradesco. However, unlike its foreign competitor, Bradesco had greater belief in the Brazilian financial sector despite a few tumulus years and consequently managed to come out on top. With Luiz Carlos Trabuco being in charge of the bank during the 2008/2009 global financial crisis and the 2015/2016 economic recession in the country, most of the plaudits for Bradesco pulling through these testing periods unscathed and turning the tables on HSBC has to go to him.https://g1.globo.com/economia/negocios/noticia/sucessao-no-conselho-do-bradesco-foi-um-ato-planejado-diz-trabuco.ghtml

Traditionally, Bradesco has been known for looking after its own. After the HSBC acquisition, Luiz Carlos Trabuco ensured the continuity of this tradition by retaining most of the employees previously working for HSBC. In the past, the practice of retaining employees of the banks it purchases has paid significant dividends for Bradesco. For example, Bradesco’s third president and Luiz Carlos Trabuco’s predecessor, Marcio Cypriano joined the bank in 1973 after it acquired Banco da Bahia. In the medium to long-term, retaining these employees will be greatly beneficial to the bank as it will bring in fresh ideas and also foster competition. As per Luiz Carlos Trabuco himself, “it is an intangible gain of the purchase.”

Madison Street Capital Matching Businesses for Prosperous Growth

The business of Madison Street Capital has grown to operate on an international level, and it has been doing business for about ten years now. Madison Street Capital is an active provider of advisory services regarding acquisitions and mergers, counseling for executives and companies as a whole, and it also provides services to aid with corporate finance. Madison Street Capital also evaluated businesses and find ways in which they can improve to achieve a higher rate of success. Since the company started up, Madison Street Capital has had a clear vision of what it wants to achieve.The company strives to catapult businesses into the global market and to provide them with a solid stepping ground so that the businesses can flourish and expand on their own.

One of the latest clients of Madison Street Capital was Aes Security Corporation. It is a European company which has its headquarters set up in Vienna. Ares works in the industry of security software, and it is known for its proficient delivery of products and powerful software. It is used by some of the largest and most essential institutions in the world today. Madison Street Capital matched Ares Security Corporation with Corbel Structured Equity Partners (http://www.chicagotribune.com/business/promotions/chi-ugc-article-madison-street-capitals-chief-operating-offi-2016-04-12-story.html).The company is young – it was created in 2013. At the same time, the company has been growing fast, and up to date, it controls about 150 million in capital. The business of Corbel Structured Equity Partners works in the field of investments as well by making non-control investments. The company is known for its skilled team of strategists who seek out the most promising companies on the rise to invest in.

Madison Street Capital is a successful investment banking company that recently went through a successful partnership with ARES Security Corporation. Madison Street Capital has offices in multiple countries around the world, allowing the business to operate internationally on a global scale. The Company’s Senior Managing Director Reginald McGaugh expresses how it was a challenging task finding a suitable and mutually advantages partnership for the company giant, but also adds that the corporation took the challenge as an opportunity to improve further what the company has to offer. In the end, Reginald McGaugh has described the partnership with ARES Security favorably, saying how the collaboration between the two companies managed to provide highly advantageous benefits to all involved parties successfully. Company president of ARES Securities Corporation Ben Eazzetta also talked about how pleased he is with the results of the partnership with Madison Street Capital, having the business act as financial advisor for ARES Security Corporation. Ares Security Corporation and the Corbel Structured Equity Partner will be growing together from now on.

The partnerships of Madison Street Capital are always successful. The company has a bright future ahead of it marked with prosperous growth. Learn more: http://www.pr.com/press-release/700593