After more than 15 years with one of Brazil’s most prestigious investment banks, Luis Carlos Trabuco will be stepping down as President of Bradesco and getting closer to retirement. Trabuco has been with the bank all the way through his famed career and has risen to high level positions in many of Brazil’s banking authority associations. His stepping down as president is part of a Trabuco Bradesco policy that limits the age of the person holding that position to 67, a process that was changed a couple years ago to accommodate a special situation that required Trabuco to stay on a little longer. Stepping into the vacated president position will be current Bradesco Vice President Octavio De Lazari who has the backing of Trabuco Bradesco and was approved by the bank’s board of directors and shareholders. Learn more about Trabuco Bradesco at bloomberg.com.
The Luis Carlos Trabuco Bradesco story begins back in 1969 when he began at the investment bank as a regular clerk. He completed his formal education at the School of Philosophy, Sciences and Literature of São Paulo during this time, and in 1984 he became the marketing director of the bank. He continued to work his way through the chain of command and even helped launch a few business subsidiary companies of Bradesco including Bradesco Vida e Previdência where he has served as CEO since 1992. He officially became a managing director and vice president of the main Bradesco Bank in 1999, assumed the role of CEO of Bradesco Seguros in 2003 and grew its assets substantially, and then became elected to President and Chairman of the entire Bradesco Bank and its holdings in 2009. Read more at Ultimo Segundo about Trabuco Bradesco.
One of the biggest accomplishments of Trabuco Bradesco is making the largest acquisition in the bank’s history of HSBC. That same year he was named in Isto É Dinheiro Magazine as the top Entrepreneur of the Year. Trabuco has also been a board member of non-profit organizations such as the Foundation Institute for Digestive System and Nutrition Diseases and the National Academy of Insurance and Pension Plans. Trabuco also was given a Title of Meritorious Citizen of Marília in 2009.