Luiz Carlos Trabuco is the latest president of Bradesco bank. He was born in San Paulo in 1951. As still a young person Luiz Carlos Trabuco started working at Bradesco bank immediately, he completed university. He finished college at the University of San Paulo in 1969.
He builds his career as a clerk, and as time goes, he got many promotions. He takes his time in investing the full effort to his career, and that is the reason why he was appointed the head of securities in the early 2000s.
Luiz Carlos Trabuco leadership skills, track record in the business field and drive for success made him be appointed the CEO of Bradesco Bank. Many top executives are envious of his success, but they also admit that he is among the few executives who are very influential and powerful in the whole of the Brazilian economy. Many individuals who attended prestigious institutions in Brazil acknowledge that Luiz Carlos Trabuco is an inspiring leader.
As a president of Bradesco, he increases the bank`s revenue and makes a bold step of buying HSBC Brazilian Branch for $5.2 million.
He looked for clients and strived in maximising customer`s satisfaction before buying this branch. When he was still working at Bradesco Bank, he successfully led Bradesco Seguros since 2003 until 2009. As a head of Bradesco Seguros, 30% of all total revenue collected from the bank came from his department. This is where Luiz Carlos Trabuco build a positive image of himself within Bradesco and also across the country.
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He succeeded Marcia Cypriano as the president of the bank. Cypriano left a good legacy within bank by growing revenue from $5million to $30 million. The rules guiding bank is that presidential seat is for employees less than 65 years of age and not based on numbers and hierarchy alone. One of the significant reasons why Luiz Carlos Trabuco was appointed was because of his reliability, invested work, drive, and merit. At the meeting where the presidential seat was nominated many of the people who attended mentioned his name several times because most employees believed in his hard work.
As a selfless leader who does not believe in followers alone, he takes a bold step to make Bradesco Bank executives more autonomous. Luiz Carlos Trabuco developing solutions and innovative ways as well as empowering executives have earned him various television appearances. He has also been presented in many articles in most Brazilian magazines.
Shareholders of Bradesco Bank recently meet on October 7 this year to propose for change in age limit. The current age limit is 65 years, but the proposals offer to 67 years. Bradesco expected to change president next year to succeed Luiz Carlos Trabuco who has been in a position since 2009. Luiz Carlos Trabuco by October will be 65 years. From the closest sources, the proposal will allow Luiz Carlos Trabuco to continue being the president of the bank for the next two years. The new age limit will allow those seeking for the post to learn professional experience from him especially during the integration of HSBC operations.
As the chairman of the Bradesco bank, he has fostered good management culture that favored top executives. The bank will pick among top seven executives to vie for the presidential seat to replace Luiz Carlos Trabuco. People who have a slight knowledge about who will succeed Luiz Carlos Trabuco are told to keep the discussion private.
Luiz Carlos Trabuco expects the new CEO to respect diverse pool of talent and respect laws and regulations guiding Bradesco Bank. For the time Luiz Carlos Trabuco will also hold the position as the CEO and the largest private lender after the resignation of Lazaro Brandao.
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