Luiz Carlos Trabuco Stepping Down As Bradesco President

While Luiz Carlos Trabuco remained the President of Bradesco until the general meeting happened on March 12, the new president has been announced as Octavio de Lazari Junior who is also the president of Bradesco Seguros.

Octavio starting working at Bradesco after working at another bank for 15 years. The previous bank was located on one of the most popular streets for shopping in Sao Paulo. Before working at the bank, he was playing football for Palmeiras but gave up that dream to get into the banking industry. He actually got the job because his father was a long time client and was able to get him the job by using his relationship with the manager.

Lazari Junior talked about how he was chosen for the job after taking a simple test and never though he would be president. He just saw an opportunity to improve his situation and took it. He also talked about how he had plenty of time working to get retirement but didn’t actually need it.

The entire process of choosing a new president for the bank started in October. This is when Lázaro de Mello Brandão stepped down from the bank’s Board of Directors. At this time, Luiz Carlos Trabuco moved up into the presidency. Lazari Junior talked about wanting to ensure that he continued doing the same good work that Lázaro de Mello Brandão and Luiz Carlos Trabuco did.

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

Luiz Carlos Trabuco then talked about how they knew that the new president would be one of the 7 vice presidents, but they wanted to ensure that they picked the correct one. After looking at everything, Lazari Junior was the obvious correct choice.

When Lazari Junior first started at the bank, he was employed in the Credit sector. He quickly became the director for this sector and was in charge of the Corporate, Small and Large Businesses, and Retail areas. He was then promoted to the department director of the Department of Loans and Financing in 2010 according to oglobo.globo.com. In 2012, he moved up to the chief executive officer of the same sector. Finally, he became the executive director, vice president, and president of the Bradesco Seguros Group.

He has an Economics degree that he got from the Faculty of Economic and Administrative Sciences of Osasco. He also specializes in Financial Strategies and Marketing, which he got from the Fundação Instituto de Administração, Financial Management, which he got in Fundação Getulio Vargas, and Strategies in Finance, which he got from Fundação Dom Cabral.

Since Bradesco closed 2017 with a revenue of R $ 76.3 billion, they are very optimistic that they will do even better this year. With that being said, both Lazari Jr and Trabuco stress the importance of having pension reform. It’s the best possible thing for everyone involved. They need everything with the bank to increase without having to worry about the unemployment number increasing. They expect GDP to go up around 2%-3%, interest rates going lower, and inflation to remain the same. In short, they need to be sure that this year is one of the best they’ve ever had.

Luiz Carlos Trabuco started as clerk in Bradesco bank when he was 17. Due to his hardworking and dedication, he hold different executive positions within the bank. He has vast experience in banking industry.

Check more about Luiz Carlos Trabuco: http://www.meioemensagem.com.br/home/ultimas-noticias/2018/02/05/bradesco-anuncia-substituto-de-trabuco.html

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