Banco Bradesco was established in 1943 by Amador Aguiar. Aguiar also founded the Bradesco Foundation, which provides vocational and education to over 100,000 children and adults. The organization is now comprised of over 40 schools all over Brazil. The bank has extremely loyal employees who dedicate their lives to improving the bank and perfecting their professional and personal lives.
In October of 2017, Bradesco bank announced the retirement of one of these loyal and committed employees, Mr. Lazaro de Melo Bandao. Bandao has been with the company since its inception in 1942. He has been President of the Bradesco board of directors for 34 years, served the bank for 74 years and is going to celebrate his 92nd birthday this year.
The top position in the company will be passed to its current CEO Luiz Carlos Trabuco. However, Luiz Carlos Trabuco has reached the bank’s age limit for a CEO, which is 67 years old. In 2016, Bradesco changed its bylaws, which stated the maximum age for the CEO is 65. This was due to Bradesco bank’s acquisition of HSBC’s Brazilian unit was taking place. In March 2018, the new Chief Executive Officer will be chosen from the board of directors, which is comprised of 7 Vice Presidents. These individuals are highly qualified and include prominent banking figures including, Mauricio Machado de Minas, Alexandre da Silva Gluhar, Domingos Figueiredo Abreu, Josue Augusto Pancini, Marcelo de Arujo Noronha, Octavio de Lazari, and Andre Rodrgiues Cano. A majority of these executives have been with the bank for over 30 years.
Read more on g1.globo.com
History of the Bank
Banco Bradesco is the first bank to introduce credit cards in Brazil. The banks traditions have always catered to the entire population of Brazil including the poor. Even if a segment was not the most profitable, but made the lives of its clients easier the bank continued the service. For example, at Bradesco, bank employees educate clients on every step in the banking process from depositing to even writing checks. The time, effort and attention to detail of every Bradesco client has led to it becoming one of the largest and most popular banks in Latin America. Luiz Carlos Trabuco maintains the culture of his predecessors in every aspect. He announced that his successor will be chosen using the banks usual process of promoting from within the company. This maintains loyalty and morale while ensuring the new CEO is well prepared and knowledgeable about the banks employees, clients and practices. The bank currently employs more than 100,000 individuals, manages over $60 billion in assets and is the second largest bank in Brazil.
Luiz Carlos Trabuco
Luiz Carlos Trabuco will take up the Presidency of the board of directors and mentor the new CEO. Luiz Carlos Trabuco was educated at the University of Sao Paulo where he earned his bachelor’s degree in Philosophy, Science and Letters. At the age of 18 he joined Bradesco and quickly ascended the ranks. In order to ascend even further he earned his masters in socio-psychology from the Foundation School of Sociology and Politics in Sao Paulo. In 2015, he was named “entrepreneur of the year” by Isto E’Dinheiro Magazine and in 2016 one of the best CEO’s in Brazil by Forbes Magazine. Luiz Carlos Trabuco’s incredible productivity and leadership qualities came from his ascension from within the company. He joined in 1969, and rose through the ranks from clerk to marketing director to CEO. He knows the ins and outs of Bradesco’s operations, employees and its clients. Today, Luiz Carlos Trabuco has ascended to the very top of the organization as President of the board of directors. He will be only the third man to reach the position in the banks 75-year history.
Find more about Luiz Carlos Trabuco: http://www.valor.com.br/financas/5153264/bradesco-novo-presidente-saira-do-corpo-executivo-afirma-trabuco