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.
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