As Luiz Carlos Trabuco Ascends Octavio de Lazari Junior Becomes The New President Of Banco Bradesco

Luiz Carlos Trabuco was the former President of Banco Bradesco. This is the second largest private bank and equity bank in Brazil. He was honored by the Isto É Dinheiro magazine in 2015 as the financial Entrepreneur of the Year. Luiz Carlos Trabuco became of the 100 most influential individuals in Brazil in 2009. In 2016 Forbes listed him as one of Brazils best CEO’s.

He attended São Paulo de Marilia and the Fundação School of Sociology and Politics. He earned a degree in Socio-Psychology. Luiz Carlos Trabuco Cappi was a bank clerk for two years, before moving to Sao Paulo in 1971, and was promoted to be the Director of Marketing.

Octavio de Lazari Junior has been announced as the new President of Banco Bradesco. He replaces Luiz Carlos Trabuco’s position on the Executive Board. This took effect at a general meeting on March 12th of 2018. In 2017 the net income for Bradesco increased to $19 billion. This was an 11 percent increase from 2017.

Lazari Junior was one of the individuals positioned to replace Luiz Carlos Trabuco. Lazari Junior gave up his dream to play professional football and has been working for the bank for 15 years. His father was one of the bank’s clients and helped his son gain employment. He took the required test and simply wanted to study, improve and work in different areas. He never dreamed he would one day become the President.

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The succession process for Banco Bradesco started last October when Lázaro de Mello Brandão resigned. He was the chairman for the Board of Directors. This enabled Luiz Carlos Trabuco to become the collegiate President. He intends to provide continuity and renew Mr. Brandão’s legacy. He explained it took months to choose the new President. Lazari Junior had a lot of personal merits that were recognized by his companions and showed he deserved the honor. The bank believes he will uphold the renewal and continuity so important for the prominent international and national position of the bank.

Lazari Junior started working in the bank’s credit area towards the end of the 1990’s. He advanced to the position of Director and became responsible for the retail, small to medium business and corporate segments. He received a promotion in 2010 to the Director of the department. By 2012 he was the Chief Executive Officer. He was promoted to the Executive Director President and Vice President last year for the Bradesco Seguros Group.

Lazari Junior will continue in his role as Bradesco Seguros President. He attended Osasco’s Faculty of Economic and Administrative Sciences where his specialty was Marketing and Financial strategies. He also attended the Fundação Instituto de Administração, Fundação Getulio Vargas and Fundação Dom Cabral.

Bradesco Seguros made an announcement last week that 2017 closed with a revenue of $76.3 billion. This was an increase of 6.8 percent from 2016. This provided the company with a 26 percent market share. This was the highest market share of the last few years. The bankers showed optimism regarding the 2018 national economy. The reasons included a low interest rate, inflation, no increase to the rate of unemployment and a GDP between two and three percent.

Find more about Luiz Carlos Trabuco: http://economia.estadao.com.br/noticias/geral,bradesco-anuncia-substituto-de-luiz-trabuco-na-presidencia-do-banco,70002178384

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