Come March 2018, Luiz Carlos Trabuco Cappi, will step down as the CEO of Banco Bradesco SA. Some of the in-house names that have come up to take over the CEO role at Brazil’s second largest bank in terms of market share are Mauricio Machado de Minas (58), Domingos Figueiredo Abreu (58), André Rodrigues Cano (59), Alexandre da Silva Gluher (57), Marcelo de Araujo Noronha (52), Octavio de Lazari (54), and Domingos Figueiredo Abreu (58). Banco Bradesco is known for promoting in-house top executives to bigger roles instead of outsourcing talent. The proposed individuals work in different departments of the bank that include the bank’s treasury and lending departments, branch network and high income segment, IT department, corporate and investment banking, human resources department, insurance unit and chief risk officer.
About Bradesco’s New Chairman
Luiz Carlos Trabuco Cappi pursued his undergraduate and postgraduate studies at the Faculty of Philosophy, Sciences and Letters of Sao Paulo and the Fundação School of Sociology and Politics, São Paulo, respectively. Prior to the resignation of Lazaro de Mello Brandao as the president of Banco Bradesco SA, he was serving as the CEO of the bank. He has, however, now taken up the role of chairman of the company, and will also serve as the CEO until March next year when a new CEO will be elected. Luiz Carlos Trabuco Cappi will, therefore, serve as CEO until 30 days to the bank’s shareholders assembly.
Luiz Carlos Trabuco Cappi started his career in the banking sector in 1969 at the age of 18 years. Since then he has risen through the ranks by taking up different roles within Banco Bradesco SA. He rose to the level of director in 1984 and moved to a vice president position in 1999, before serving as chairman of Bradesco Seguros Group from 2003 to 2009. From here, he was promoted to the CEO position of the Bradesco Organization companies in 2009. Given that Brandao has officially handed in his resignation as the chairman of Bradesco’s board of directors, Luiz Carlos Trabuco Cappi is set to take up the chairman position, taking up the top-most job at the company.
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Other Positions Held
Over the years, Luiz Carlos Trabuco Cappi has worked in different capacities at different organizations. This has earned him the requisite knowledge and experience to help him secure the chairman role at Bradesco. He has previously worked with the likes of the National Association of Private Pensions, Odontoprev SA,the Brazilian Association of Publicly-held Companies, Bradesco Vida e Previdencia, and the Insurance Group, among others. He continues to grow hone his business and leadership skills by currently also working for organizations such as Elo Participacoes SA where he is the chair of the board of directors. Additionally, Luiz Carlos Trabuco Cappi is the current vice chair of the Bradesco’s board of directors, and also sits on the boards of the Strategic Committee of Vale SA and the Brazilian Federation of Banks. He also offers his services at the Brazilian Confederation of Financial Institutions (CNF) as chairperson of the executive board and the board of representatives.
Luiz Carlos Trabuco Cappi takes over Bradesco’s top leadership from Brandao, who at the age of 91 years is one of the oldest banking leaders in the world. Brandao exits the top leadership role at the firm but still gets to keep other roles at Bradesco’s holding companies according to valor.com.br. During a session with journalists, Brandao confirmed that he willingly resigned from his position and that his family welcomed his resignation. Brandao will be remembering for fostering a culture of in-house promotions to top executive positions at Banco Bradesco SA over the 25 years he was in charge of the bank, instead of hiring talent from outside the firm.