The AGO (Ordinary General Assembly) meeting is scheduled for March 12th 2018. The Central Bank mandates the announcement of the new president of Bradesco be made 30 days before the meeting. Luiz Carlos Trabuco the incumbent president of Bradesco since 2009, closed a $5.2 billion deal with the acquisition of HSBC, which added another factor, making this transition somewhat of a hot topic among finance professionals. Luiz Carlos Trabuco the sitting president will be ending his stretch of almost a decade as president.
Beginning his career with a degree in philosophy from the University Of Sao Paulo (USP), Luiz Carlos Trabuco started with Bradesco in 1969 as a bank clerk. In 1971 Luiz Carlos Trabuco moved to Sao Paulo, where he was promoted to Director of Marketing. In 1984 with Luiz Carlos Trabuco as the director of marketing, he promoted a more transparent environment allowing more access by the media to the operations of the financial services company. In 1992, Luiz Carlos Trabuco had moved on to become the Executive Director and President of the Bradesco’s private pension company until 1998. Luiz Carlos Trabuco would later in 1999 became the Executive Vice President and the Chief Executive of Bradesco. Luiz Carlos Trabuco was appointed president in 2009. In 2015 with the approval of the Chairman of Council, Lazaro Brandao, Luiz Carlos Trabuco secured a $5.2 billion deal to buy HSBC. Luiz Carlos Trabuco was labeled by Money magazine, Entrepreneur of the year. The $5.2 billion deal was the largest of 2105.
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Luiz Carlos Trabuco, has confirmed the appointment of Octavio de Lazari Junior as the 5th President of Bradesco. Octavio de Lazari Junior attended the Faculty of Economics and Administrative Science of Osasco, where he earned his graduates degree in Economics. Octavio de Lazari Junior also obtained a specialization in Financial and Marketing from the Fundacao Instituto de Administracao. Getting his first opportunity to work with Bradesco in 1978, Octavio de Lazari Junior never stopped excelling throughout his career. Agency Manager was Octavio de Lazari Junior initial title during the early years of his career. In 1998 Octavio de Lazari Junior was the Director of Credit. As the Director of Credit, Octavio de Lazari Junior put more focus on retail segments, midsize companies and small companies. In 2010 Octavio de Lazari Junior was the Department Director of Loans and Financing, and two years later in 2017, he would be Executive Officer and Vice President of Bradesco.
Now that Octavio de Lazari Junior will no longer be the vice president, Luiz Carlos Trabuco needed to fill that position. Carlos Alberto Rodrigues Guilherme has worked with Bradesco since he was 13 years old, has been confirmed to be the vice president of the council. Lazaro Brandao the 75 year economist handed in his letter of retirement to the council, marking the sunset of his career with the company.
Luiz Carlos Trabuco assured the full support by the company, of the new president, and his ability to lead Bradesco to new endeavors successfully.