Luiz Carlos Trabuco is the current proposed president of Bradesco Bank in Brazil. The bank has its headquarters in Cidade de Deus. Luiz Carlos Trabuco has a track record of performance and leadership. Since 2013 he served as the chair of the group insurer. He was the preferred candidate for the CEO position in Bradesco.
The skilled leader has risen through professional ranks for forty years serving in different capacities at Bradesco. He is honored to be a successor of a critical player organization in the financial institution. His predecessors have mentored him through his career.
Luiz Carlos Trabuco precursor Marcio Cypriano the retired CEO has left a recommendable track history. He obtained ten banks for the period he served at Bradesco. Marcio Cypriano served for ten years though could not practice his roles once he turned 65 years. His stepping down saw the nomination of Luiz Carols Trabuco who has to wait for endorsement by the council after the general meeting.
Bradesco is experiencing financial imbalances. Records obtained from Credit Cruise indicated a 2.1% drop in revenues to equity, relating 23.3% returns for 2008 and 21.3% attained in 2009. Luiz Carlos Trabuco is equal to the game, despite his capacity at a time of instability of Bradesco market position in the financial sector. The current economic status will delay Bradesco expansion plans.
Luiz Carlos Trabuco is a holder of a degree in philosophy from the University of São Paulo. He also has studied social psychology from School of Sociology and Politics of São Paulo. The leader has served in several positions in Bradesco since 1969. He started his professional career as a clerk in Marilla agency. The upcoming CEO was the marketing director at the headquarters of São Paulo back in 1971, promoted to the position of a senior director and president in Bradesco private pension company where he served for six years from 1992. Later in 1999, he was appointed executive vice president of the insurance unit; and 2003 promoted to the president.
Achievements in Bradesco
During his position as the marketing director, Luiz Carlos Trabuco created a rapport between Bradesco and the media. Through his advice and guidance, Luiz Carlos Trabuco implemented a strategy that encouraged separation and differentiation of units in Bradesco, improving service delivery and customer recognition with high- income stakeholders receiving special facilities. The insurance unit became the largest in Latin America, gaining a 25% market share, through the leadership of Luiz Carols Trabuco in 2003.
Luiz Carlos Trabuco serving in several leadership positions, have shaped his leadership skills. He has led the International Association of Economic Studies of Insurance, Bradesco Vida e Previdência SA, National Association of Private Pensions (NAPP), the National Financial Marketing Commission of Febraban (Brazilian Federation of Bank Associations), and Geneva. The deputy chair at Institute for Supplementary Health Studies (IESS) is also the leader of the newly established Fenasaúde and Fenaseg Council.
Luiz Carlos Trabuco has an overall experience, having worked in Bradesco for 40 years in several positions. His historic performance and achievements in the different divisions he served places him the preferred option for the CEO position for Bradesco. Luiz Carlos Trabuco remarkable contributions in the insurer group have extensively built his career and will correctly steer the development of insurance markets.
Luiz Carlos Trabuco heads the party that contributes approximately 40% of Bradesco revenue. Since the establishment of Bradesco, only three presidents have led the organization. Lázaro Brandão, the successor of the founder Amador Aguiar and predecessor of Cypriano who will be exiting the company in 2009 March. Lázaro Brandão is the present serving leader of the board of directors.
Read more on banco.bradesco