Top Brazil Banker Luiz Carlos Trabuco

Luiz Carlos Trabuco is the current CEO of the Banco Bradesco (Bradesco Bank), also known as Previdencia e Seguros, the second largest private bank in Brazil. Along with that title, he is also the Chairman and President, Chairman of the Board of Representatives, President of the Board of Executive Officers and Member of the Deliberative Council. His current location is in Sao Paulo, Brazil, South America.

Luis Carlos Trabuco graduated from the University of Sao Paulo, School of Sociology and Politics and received his postgraduate diploma in Philosophy, Sciences and Arts Faculty. Before joining Bradesco, he served as Member of the Management Board at Arcelor Mittal Brazil Sa. In April 17, 1969, he joined Bradesco and began his professional activities there. He became an Officer for Bradesco in 1984 and in March 10, 2009, he became the Chief Executive Officer. He is currently to date, the Chief Executive Officer of Bradesco Subsidiaries.

Luis Carlos Trabuco also has former positions with various companies and associations worldwide. He served as Managing Director of Banco Bradesco SA and also served as Vice President since March 1999. He was Department Director since from 1984 to 1992. He then served as President of Banco Bradesco until 1998. Since 2009, he has been the Chairman and Director of Odontprev. He also served as non-Executive Director of Banco Espirito Santo SA from 2009 to May 2010. He was President of ANAPP, the National Association for Private Pension Plans from August 1994 to August 2000 and a member of the managing board from the Brazilian Association for Listed Companies (ABRASCA) from July 2000 to February 2003.

Read more: Próximo presidente do Bradesco sairá da diretoria do banco, diz Trabuco

After 75 years of the bank (as of December 10, 2017), Lazaro de Mello Brandao, who had been chairing the bank since 1990, ceded to the Presidency of the Board of Directors for Luiz Carlos Trabuco. At the age of 91, after 27 years in the Council and 75 years in the bank, Brandao, one of the most powerful bankers in Brazil, requested the waiver of his obligations and presented his letter of resignation. After this resignation, Trabuco would in turn transfer the day-to-day operations command to one of the seven current vice-presidents.

As of January 17, 2018, Bradesco was to announce the successor of the bank’s current President, Luiz Carlos Trabuco ‘without fail’ before Carnival. The depature of Luiz Carlos Trabuco from Bradesco’s management was delayed with extension of the age limit to exercise the position of Chief Executive Officer of the Financial Institution, which increased from 65 to a maximum of 67 years in September 2016.

Bradesco announced on Monday (as of May 05, 2018,) the replacement of Luiz Carlos Trabuco by Octavio de Lazari Junior as President of the Bank according to oglobo.globo.com. Trabuco will continue to stay in the Presidency of the Board and will carry out his current term of President of the Executive Board until the first meeting of the Board to be held after the Next Ordinary General Meeting.

Source: https://www.istoedinheiro.com.br/bradesco-deve-anunciar-sucessor-de-trabuco-antes-do-carnaval/

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