Late last year, Luiz Carlos Trabuco was unanimously allowed to continue serving as the chief executive officer of Banco Bradesco. When the shareholders met, they knew that Luiz Carlos Trabuco had only two years left to serve and this would be a great loss to the company. The company had an age limit of 65 years for the chief executive officer. Following the vote, the age was raised to 67 years, and the company had enough time to choose a successor for Luiz Carlos Trabuco when time to retire comes. At the moment, Luiz Carlos Trabuco is 66 years old and has been with Banco Bradesco since 2009. The company has revealed that they will embark on a mission for a new chief executive officer in the next two years.
According to a close source, the age was lifted so that the company could enjoy the experience of the executive at this crucial time when the company has acquired HSBC Holdings Plc. This project is said to have cost the company $5.2 billion. Owing to the complexity of this deal, it caught the attention of the Brazil antitrust watchdog. However, the watchdog has since cleared this acquisition as everything was in order. Since Luiz Carlos Trabuco joined Bradesco, he has embarked on a mission of making it the best bank in Brazil. The bank had established a reputation for being the biggest bank in Brazil before it was overtaken by Unibanco when they merged with Banco Itau. At the moment, Luiz Carlos Trabuco works from the company’s headquarters that are located in Osasco. This is a city that is located in the Sao Paolo metropolitan.
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Since 2009, Luiz Carlos Trabuco has managed to open 38,500 expresso units for the Bradesco. He has also succeeded in opening 4,834 service branches and 5,300 branches. To make the expansion of the bank a reality, Luiz Carlos Trabuco has partnered with the business community in Brazil that includes retail chains, department stores and drug stores as well as supermarkets. At the moment, Bradesco ranks as the third largest bank in Brazil. This success goes back to the little things that Luiz Carlos Trabuco has implemented from a working corporate governance approach to a good working environment for its employees and customers. Through his ingenuity and creativity, the bank has incorporated an ATM biometric system that allows the use of hands vascular pattern to identify customers. With this serving as the password, it has helped reduce cases of fraud recorded by the bank.
Through his leadership, the bank has expanded its services to other financial services such as pension plans, insurance and credit card services. Through his help, it’s possible for the bank to cater for football fans affinity cards. The bank even offers bond services to its customers other than the normal leasing services and loans. This means that Luiz Carlos Trabuco has played a huge role in expanding the bank outside Brazil as they have branches in Grand Cayman and New York.
His leadership has also seen the bank establish subsidiaries in other parts of the globe such as Mexico, Tokyo, Buenos Aires, Luxembourg and London. Through his intervention, Bradesco has been listed in Madrid Stock Exchange and the New York Stock Exchange. A man of his expertise and experience has also embraced technology. This is why he can be found on social media as he has an account on Twitter, Facebook, Instagram and LinkedIn. Luiz Carlos Trabuco uses these platforms to inspire the young and inexperienced that they can also succeed in life. At the moment, Luiz Carlos Trabuco lives a private life and does not disclose his annual income.
Find more about Luiz Carlos Trabuco: http://epocanegocios.globo.com/Empresa/noticia/2017/08/trabuco-retomada-do-credito-depende-de-volta-do-pib-e-da-taxa-de-investimento.html