Octavio De Lazari Replaces Luiz Carlos Trabuco Cappi As The President Of Banco Bradesco

Bradesco Bank is a big player in the Brazilain banking industry. The company was established in 1959 by Amador Aguiar as the first privately owned bank focusing on serving public servants, farmers, and businesspeople.

Since its establishment, Bradesco bank has maintained the lead until it was overtaken by Banco Itau in 2009. However, the acquisition of HSBC bank in 2015 helped Bradesco bank to reclaim its position as the leading bank in Brazil with the highest number of branches, account holders and assets.

Lazaro Brandao announces his resignation from the bank
Many people aspire to become leaders at Bradesco bank, considering its position in the Brazilian banking industry. So, when the former chairman of the bank, Mr. Lazaro Brandao announced his resignation from his roles as the chairman of the bank, many individuals expressed their interests to fill in the post. However, Bradesco bank has maintained a culture where they give priority to individuals who have worked in the bank for a long time. Upon his resignation, Mr. Brandao appointed Luiz Carlos Trabuco Cappi to replace him as the chairman of the bank.

Read more: Lucilia Diniz e Luiz Carlos Trabuco curtiram virada do ano na Ilha de Comandatuba

The emergence of a new post at Bradesco bank
When Luiz Carlos Trabuco Cappi was appointed as the chairman of the bank, he also held the position of the President of Bradesco bank. But according to the Brazilian banking rules, an individual cannot hold the two positions simultaneously. Therefore, Luiz Carlos Trabuco Cappi was supposed to relinquish the position of the president of the bank within one month after his appointment to the chairmanship.

Several candidates lined up to fill the position of the president of the bank. Among them include seven vice presidents who serve in various departments within Bradesco bank according to terra.com.br. It was tough for the board to choose the new candidate but the hammer finally fell on Octavio de Lazari.

Many experts had not foreseen the appointment of Octavio de lazari as the replacement of Luiz Carlos Trabuco Cappi. Many analysts anticipated that Mauricio Minas would succeed Luiz Carlos Trabuco Cappi. While defending the appointment of Octavio de Lazari, Luiz Carlos Trabuco Cappi noted that the appointment followed due process as stipulated in the bank’s succession guidelines. Luiz defended Octavio by saying that his merits, that include educational qualifications and experience qualified him to fill the presidency position. Just like Luiz, Octavio de Lazari has worked at Bradesco bank for many years. before his appointment as the president of Bradesco bank, Octavio served as the CEO of Bradesco Seguros.

Learn more about Luiz Carlos Trabuco Cappi: https://oglobo.globo.com/economia/bradesco-anuncia-novo-presidente-octavio-de-lazari-junior-vai-substituir-luiz-carlos-trabuco-cappi-22365414#ixzz56wDld69g

Luiz Carlos Trabuco Cappi: Stepping Down From The Executive Position

Bradesco Bank is one of the largest banks in Brazil, and under the leadership of Luiz Carlos Trabuco Cappi, they financial institution managed to increase its value in the stock market and its profits rose. It was also the idea of Luiz Carlos Trabuco Cappi to purchase the Brazilian branch of HSBC for $5.2 billion. The deal has been published all throughout the country, and it was believed to be one of the largest financial transactions in Brazil.

The company executives support the decision to purchase the Brazilian branch of HSBC, and they have thanked Luiz Carlos Trabuco Cappi for the brilliant idea. Luiz Carlos Trabuco Cappi has been serving the Bradesco Bank since he was 17 years old, and through the years of working with the company, he managed to develop some of his skills, especially in the financial industry.

Growing up in the city of Marilia, Brazil, Luiz Carlos Trabuco Cappi witnessed how the Bradesco Bank transformed from its humble beginnings to become one of the leading banks in the country. They even snatched the top rank during their early years, but it soon waned after its competitors have either innovated or developed. Banco Itau and Unibanco are some of the competitors of Bradesco Bank, and the two banks decided to merge in 2009 to strengthen their position in the Brazilian financial industry according to infomoney.com.br. The merger of the two banks affected Bradesco Bank greatly, as they managed to dethrone Bradesco Bank from its pedestal. Working for the financial institution since he was a teenager, Luiz Carlos Trabuco Cappi developed a feeling of loyalty for the bank, and he vowed that he would do anything to return the glory it once had to the company. When he got promoted to the executive position as CEO, one of the things that he looked into is the possibilities on how the company could gain more investors and increase their assets.

Read more: Octavio De Lazari Junior será sucessor de Luiz Carlos Trabuco Cappi no Bradesco


Luiz Carlos Trabuco Cappi worked hard to find new investors who would finance the bank, and through his campaign to strengthen the bank nationally, more people have decided to put their deposits with Bradesco Bank. Luiz Carlos Trabuco Cappi has seen the result of his hard work in just a few months after he acquired the position of being Bradesco Bank’s leader. The company also experienced a surge in their performance under the leadership of Luiz Carlos Trabuco Cappi, but he would have to step down from his position in 2018 to give way to new leaders.

Earlier in 2018, Luiz Carlos Trabuco Cappi announced that he would soon be resigning from his post as the president of Bradesco Bank, and named Octavio de Lazari Junior as his successor. The board of directors has chosen Octavio de Lazari Junior based on his merit, and they thanked Luiz Carlos Trabuco Cappi for his service with the company. Luiz Carlos Trabuco Cappi will remain as the president of the board, but he will soon step down from this position. He thanked his colleagues for the support that they have given him through the years.

Source: http://www1.folha.uol.com.br/mercado/2017/10/1926243-proximo-presidente-do-bradesco-saira-da-diretoria-do-banco-diz-trabuco.shtml

Madison Street Capital Successful Execution of Financial Transactions for Its Clients Has Led It to the Good Books in the Investment Banking Arena

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About Madison Street Capital

 

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