Banco Bradesco CEO Luiz Carlos Trabuco Cappi Takes Over As Chairman Of The Board

Banco Bradesco is more than a bank. It’s an insurance provider, an investment vehicle, digital banking leader, and an environmental champion. Thanks to Lázaro de Mello Brandão, the 91-year-old Chairman of the Board, the bank also has the oldest bank chairman in Brazil’s history. Becoming a Bradesco chairman is a rare opportunity. The bank has only had two chairman’s in its 71-year-old history.

But Lázaro de Mello Brandão is stepping down, and CEO Luiz Carlos Trabuco Cappi is moving up. Cappi will be the third chairman of the bank. Mr. Brandão began his banking career with Bradesco, and so did Luiz Carlos Trabuco Cappi. Cappi began his career in 1969. Brandão got his start in banking when the bank opened its doors for the first time. Both men are responsible for the growth of the bank and the success Bradesco is experiencing on Wall Street.

Even though Lázaro de Mello Brandão is stepping down as chairman, he will still have a desk, and he will still be available to help move the bank forward, according to a Bloomberg article. But Cappi will be the man who guides the bank through the rough Brazilian economic recovery. He has a successful track record for keeping the bank relevant in a country where relevance in governing and banking is a short-term experience. The government is making progress, but the country still has a long way to go before all the economic entanglements that came to the surface over the last three years are no longer out of the way. Cappi and his executive team are facing several challenges, but the main challenge at hand is finding a new CEO within the bank.

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Luiz Carlos Trabuco Cappi knows how to attack challenges. When he got the job as a banking trainee he knew his degree in philosophy would not be as useful as his graduate psychology studies, so he made up for lack of accounting and financial degrees by developing a people-friendly attitude and a solid work ethic. Cappi knew his open style and astute intuition would give him the ability to master all the tasks the bank put in front of him. Cappi was a trainee, a manager, then a director, and he became a vice-president in 1984. In 2003, Bradesco sent him to the bank’s insurance division, Seguros, as president, and for six years Trabuco Cappi put on a solid and profitable performance. At the end of 2009, the Board of Directors gave him the title of president and CEO of Bradesco.

But now it’s time for Cappi to find another CEO, and the plan is to promote from within the company. Seven candidates are in the hunt for the job. All the candidates have an impressive banking credential, so Cappi and the board have a tough decision to make. That decision will come in February 2018 right before the annual stockholders meeting in March.

Fifty-eight-year-old Mauricio Machado de Minas is the lead candidate for the job. Mauricio Machado de Minas is the chief IT manager, and he is responsible for putting the bank’s digital banking initiative, Next in play. Alexandre da Silva Glüher is another strong candidate. He put the HSBC acquisition together in 2015 and that deal is turning out to be a successful addition to the Bradesco family according to brasil247.com. The investment division head, Marcelo Noronha, is in the hunt for the job, and so is the current president of Seguros, Octavio de Lazari. Human resource manager, Andre Cano, and operation chief Josué Augusto Pancini also have a shot at the position. And so does Chief lending officer Domingos Figueiredo Abreu.

Learn more about Luiz Carlos Trabuco Cappi: http://epocanegocios.globo.com/Empresa/noticia/2017/10/trabuco-o-importante-agora-e-olhar-para-os-desafios-do-futuro.html