Bradesco is Brazil’s second-largest bank, and it is showing signs that it would still grow in ways that no other bank can compete. With its new leadership announced March of this year to replace Luiz Carlos Trabuco as the company’s new CEO, there will be further changes in the company that will move the bank to areas never before explored.
The replacement of president is Octavio de Lazari Junior, the bank’s former vice president, and Bradesco Seguros’ president. The replacement would mean a lot of transitions to the operations of the bank, but Luiz Carlos Trabuco assures everyone that the same business values and culture would still be retained in the bank’s corporate affairs.
We already know that Luiz Carlos Trabuco would’ve finished his role as Chairman of the Board of Executive Directors on March 12, 2018. And this is after the extension of the age limit has already been rendered by Bradesco to extend Trabuco’s work. With such declaration, it is expected that Lazari would now lead the country’s operations regarding handling the $1.3 trillion in assets of the bank. There’s a lot of challenges that confront Bradesco today, especially after the previous leadership of the company that led to its difficulties. It is also necessary to say here that this new change in direction had long been expected when it was already anticipated that Mr. Brandao would have to resign.
We should also point out here that Luiz Carlos Trabuco’s role for Bradesco had transformed the company in ways that had never before anticipated. The background of Mr. Trabuco in Social Psychology from his degree at the University of Sao Paulo’s Sciences and Letters, and at its Graduate School would mean that he integrates social dynamics and the nature of human behavior in all his financial decisions for Bradesco. Right now, he serves as the Chairman of the Board of Directors for Odontoprev and a head executive for Confederação Nacional das Instituições Financeiras – CNF. Most importantly, he remains the leading Chairman that’s responsible for directing growth and expansion for Banco Bradesco SA.
Challenges of Brazil
We have a lot to cover if we need to discuss Bradesco’s involvement in Brazil’s economy, but one of the many things to discuss would be Luiz Carlos Trabuco’s analysis of Brazil’s recent recovery in its economic crises according to folha.uol.com.br. Mr. Trabuco believes that there are still so many loopholes in the government policies in Brazil that had to be fixed. Unless these issues are resolved, this recovery of Brazil is just provisional. It’s still subject to the fluctuation of the economic system and could change any minute from now.
With the background of Mr. Trabuco from the Faculty of Economic and Administrative Sciences of Osasco, he sees that there’s not that much reason to celebrate yet. Brazil could still be fragile and prone to hidden risks. Brazil’s private and public firms should go work hand in hand together to stabilize and sustain Brazil’s streak of recovery. Otherwise, the system could blow up.
Search more about Luiz Carlos Trabuco: https://oglobo.globo.com/economia/bradesco-anuncia-novo-presidente-octavio-de-lazari-junior-vai-substituir-luiz-carlos-trabuco-cappi-22365414#ixzz56wDld69g