When different people talk about Luiz Carlos Trabuco, they don’t describe him only as an executive officer. That can be said to be part of a mythical dynasty. In the last 70 years with the history of Bradesco becoming successful, he is the fourth man that has occupied presidency position of the institutions. It was a lineage that had been started by Amador Aguiar. It is a position that has unquestionable power, which is the responsibility to lead the largest financial institution that is in Latin America. It has almost R $900 billion assets together with 27 million holders of accounts in approximation.
Luiz Carlos Trabuco, a man born in Marila. He is a graduate of Philosophy Faculty, Science, and letters from Sao Paulo. He also went for post-Graduation at Fundacao School that deals with sociology and politics and attained Socio-Psychology. He started his career working in 1969 at the bank when he was 18 years old. In the last four decades that are between his arrival and presidential nomination, he passed through diverse positions.
In 1984, he was made the director of the department and in 1998 made Managing Director Executive. He was then elevated to become executive vice president a year later. In 2003, he then took over Bradesco Seguros management a position that he maintained until the time he was promoted to become the president of the bank.
Read more: Bradesco anuncia substituto de Trabuco
During his management at Bradesco Seguros, the bank went to a higher level. In a period of six years, the organization had already doubled its size, from R $32 billion in 2003 to over R $78 billion of assets in 2008 fiscal year according to g1.globo.com. In the first year of his service the companies equity increase from 22% up to 29% which was a trend throughout its mandate. The rate never fell below 27% and Bradesco Seguros participation in the group resulted in increasing from 26% and went to 35%.
The performance leveraged Luiz Carlos Trabuco poster together with members of conclave who would elect replacement of Marcio Cipriano. The elect and voters had an enormous responsibility. The successor of the country’s that will be the most respected bankers, Lazaro Bradao.
During the long acquisition season, the management under Luiz Carlos Trabuco is notable for the organic growth. From 2009, the bank increased from 20 million account holders to 27 million a great achievement according to folha.uol.com.br. During the peak period, the get average of six thousand accounts that are opened every day. During that peak period again, saving accounts also raised from 377 to almost 500 million. He is the man who has also led an institution increased its service network from 3,500 to 5,000 agencies.
He once acted as the chairman of ABECIP Board of Directors and the sector Director. In addition to his career, he was a vice president when he was working at Febraban’s credit operations which was the portability governance committee. He was a man who worked in other positions in the sectors entities. He is the man who will retire after doing beneficial work for Bradesco.
For more information about Luiz Carlos Trabuco, just click here.