Luiz Carlos Trabuco is one of the most respected business professionals in all of Latin America. His name is revered in the financial sector and he is renown for his integrity and attention to detail. He is currently the President of the Board of Directors for Banco Bradesco, the second largest bank in Latin America.
Luiz was the CEO for nine years before becoming the President of the Board. His predecessor, Mr. Lazaro Bandao stepped down in 2017, at the incredible age of 92. Many employees at Banco Bradesco stay with the company for their entire careers. Luiz for example has been with the bank for over 30 years and has risen through the ranks to the top spot.
Octavio Lazari Junior became the new CEO in March of 2018 after the first Ordinary Annual Meeting of the Board of Directors. The announcement came after Luiz Carlos Trabuco’s interim appointment as both CEO and President of the Board came to an end. The bank long ago decided that top executives at Banco Bradesco should only be allowed to hold one top-level position. Also, Luiz reached the maximum age limit a CEO can be at the age of 67. In 2016, the age limit was increased by two years and the bylaws changed due to extraordinary circumstances. Luiz Carlos Trabuco should have stepped down as CEO then, but Bradesco was undergoing its largest acquisition in its history with the $5.2 billion take over of HSBC’s Brazilian subsidiary. This move made Bradesco one of the most competitive banking firms in Latin America. Another reason Trabuco remained as CEO was due to the tragic death of his successor in a plane crash.
Luiz Carlos Trabuco attended the University of Sao Paulo, where he earned his undergraduate degree in Philosophy, Science, and Letters. Later, under the guidance of his mentor, Bandao, Luiz was encouraged to earn his Masters degree in Socio-Psychology. This would enable him to rise through the ranks at Bradesco rapidly. He was more qualified and more intelligent than most of the Bradesco employees.
Mr. Trabuco became CEO of Bradesco Seguros, CEO of the entire Banco Bradesco organization and finally President of the Board in less than 20 years. This is the quickest anyone has risen to the top since the founder, Amador Aguiar. The Bank was established in 1943, with the intention to boost the Brazilian economy and the standard of living for every one of its citizens. With the help of Octavio and the new President, Luiz Carlos Trabuco, Brazil can be sure to continue its success far into the future.