Bradesco Appoints Octavio De Lazari Junior Following Luiz Carlos Trabuco’s Move To The Position of Chairman

Banco Bradesco SA’s Board of Directors recently confirmed that Octavio de Lazari Junior had been approved to take over the bank’s executive duties as their new chief executive officer, replacing Luiz Carlos Trabuco, who has since moved to the position of chairman, presiding over the bank’s board of directors. Currently, Lazari is serving as the executive vice president of Banco Bradesco until his appointment as CEO. Additionally, Lazari holds the position of president with the Bradesco Seguros Group and will continue to hold that position for the foreseeable future.

The new executive management composition of Bradesco will be finalized on the 12th of March, 2018, following the election of the company’s new board of directors via a meeting of the bank’s shareholders. This new executive management board will be referring to Lazari’s appointment as the chief executive officer, at which time he will take over the position. Until Lazari is appointed, the position and duties of the chief executive officer will be retained by Luiz Carlos Trabuco. Following the new board’s first meeting, Lazari will take over the position, with Luiz Carlos Trabuco being able to fully dedicate themselves to the role of chairman.

The bank has recently released a statement acknowledging the accomplishments of Lazari, stating that their personal merits have been recognized among their fellows according to valor.com.br. The bank’s statement cites Lazari’s distinction among their peers due to their role in maintaining the bank’s line of continuity and renewal, which will serve to aid them in their continued operations, and serve to further ensure their prominent position both locally as well as abroad.

Read more on valor.com.br

Octavio de Lazari Junior; Serving Bradesco With Distinction for Decades
Octavio de Lazari Junior first began his career with Banco Bradesco at the age of 15, working as an office boy at one of the bank’s locations in Sao Paulo’s Lapa district. Eventually, he became an agency manager in the area, before transferring to the credit department in 1998, and eventually becoming a director within the department. As director, he accounted for multiple segments of Bradesco’s credit operations, including small and medium business, retail, and corporate operations. Eight years ago, he was made director of the loans and finances department, before being appointed to the executive board two years later. Last year, he was appointed as the vice president, executive director, and CEO of the Bradesco Seguros Group, and this month, he will be appointed as CEO of Banco Bradesco proper. Octavio de Lazari Junior currently holds a degree in economics. This degree was earned from Osasco’s Faculty of Economic and Administrative Sciences. Additionally, he specializes in financial strategies and financial management.

Luiz Carlos Trabuco, Chairman of the Board of Directors, and Prior Chief Executive Officer
Luiz Carlos Trabuco has maintained his position as CEO of Banco Bradesco SA since March of 2009, almost a decade ago. Prior to his appointment as CEO, he served with Bradesco as Executive Vice President. He worked as managing Director in Bradesco. He currently holds a post-graduate degree, which he earned from USP’s School of Sociology and Politics. He graduated from the University of Sao Paulo’s Philosophy, Sciences, Languages, and Arts Faculty.

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

After Serving Bradesco for 48 Years, Luiz Carlos Trabuco Cappi Ascends to Presidency

At 91 years, many in the banking industry knew it was a matter of days before Lazaro de Mello Brandao leaves the bank he had worked for seventy-five years. Besides, the Board he presided over had already appointed Luiz Carlos Trabuco Cappi as the Vice President and Chairman of the Board to prepare him for the Presidency. The decision to resign was therefore well anticipated, and so was the replacement to the presidency. What has triggered speculation, however, is the Chief Executive Officer position that needs to be filled following the ascension of Luiz Carlos Trabuco Cappi to Bradesco’s Presidency.

While Luiz Carlos Trabuco Cappi attempted to calm speculative activities by stating the selection procedure, industry analysts and Brazilian finance media have stopped at nothing. The speculation now revolves around seven names of senior executives working for the bank. In line with the appointment culture of the bank, the next CEO will be appointed from the bank’s talent pool. That has even intensified the speculation since the bank has lots of human capital. It has helped analysts zero down on a few individuals. Going by the look of things, however, it will be difficult to have a different individual appointed outside those identified by the media. A new Chief Executive Officer will be named by March next year.

Some of the high profile executive officials identified include Mauricio Machado de Minas, a bank executive who has been in charge of Banco Bradesco’s Information Technology. Mr. Domingos Figueiredo Abreu, a fifty-eight-year-old who has been the head of Treasury and Lending departments of the bank is the second name. Thirdly is Mr. Alexandre da Silva Gluher, the current Chief Risk Officer of Bradesco, and who together with Mr. Domingos Figueiredo Abreu oversaw the acquisition of HSBC in 2015. Mr. Octavio de Lazari who is in charge of the company’s insurance unit responsible for a third of Banco Bradesco’s profit is the fourth candidate. The fifth prospective CEO of the bank is Mr. Marcelo de Araujo Noronha who is the current head of the bank’s Corporate and Investment Banking unit. Lastly is Mr. Josué Augusto Pancini who is in charge of the bank’s branch network and its high-income segment. The list of probable individuals is compounded by Mr. André Rodrigues Cano who heads the human resource segment at the bank.

As speculation continues, what is not in doubt is the fact that Luiz Carlos Trabuco Cappi is qualified to take charge as president at Bradesco Bank. Between now and March, he will continue to juggle the two responsibilities of President and Chief Executive Officer. Luiz Carlos Trabuco Cappi is one the most distinguished officials of the bank. He has served the bank since 1969. When he joined Bradesco as a junior bank teller, the bank was still a small entity with growth prospects. Luiz Carlos Trabuco Cappi’s career has grown alongside the bank’s growth.

Between 1969 and 1983, Luiz Carlos Trabuco Cappi held positions such as Branch Manager, District Manager, and Regional Manager. In 1983, he was appointed a marketing director of the bank where he received credit for having standardized the bank’s communications and enhanced media relations. After 8 years in the role, Luiz Carlos Trabuco Cappi was tapped to take charge of the Banco Bradesco’s pension firm a position he held until 1998. This time he was made the Managing Director of the bank, and in 1999 he was elected Executive Vice President.

It is in 2003, however, that he took over career testing responsibilities, heading Bradesco Seguros where he solidified its market leader position in Brazil and Latin America. When Márcio Artur Laurelli Cypriano retired as CEO, Luiz Carlos Trabuco Cappi had almost no competition for the top job. Nobody had more experience in the Bank’s operations than him; he had served for 40 years in various positions at the bank. Learn more:http://www.hoovers.com/company-information/cs/marketing-lists.banco_bradesco_s_a.294a878ad3b224d4.html?oid=2462417000000000&cid=96010000000000