Bradesco Is Brazil’s Largest Bank In Acquisition Finance According To New Chairman Luiz Carlos Trabuco

     Brazilian companies aren’t wasting any time. Companies are going public in 2017 faster than anyone expected. IPOs on the Sao Paulo Stock Exchange are three times higher than the three previous years combined. The uncertainty surrounding the 2018 elections are prompting more financial activity, and that’s not a bad thing according to the new Chairman of the Board of Banco Bradesco, Luiz Carlos Trabuco. Trabuco isn’t a novice when it comes to IPO offerings and mergers and acquisitions. Bradesco is Brazil’s largest acquisition bank. Chairman and CEO Trabuco plays an important role in the bank’s attempt to become the largest bank in the country. Some Brazilians already think Bradesco is the largest bank because Itaú Unibanco, the country’s largest private bank, tends to focus on the international market. Bradesco has a strong international presence, but most of the new programs Trabuco’s executive team puts in place are programs Brazilians can use. A good example is the bank’s Next platform and the bank’s palm reading program for online banking.

Luiz Carlos Trabuco is the new Chairman of the Board because his friend and mentor Lázaro de Mello Brandão is retiring. Lázaro de Mello Brandão is only the second chairman in the bank’s history, so that makes Trabuco only the third man to sit on the bank’s board as chairman. Brandão is the 91-year-old banker who began his finance career with Bradesco when the doors of the bank opened for the first time. He is the godfather of Brazilian bankers, according to Bradesco’s executive team. Under his guidance, Bradesco is now one of the top ten banks in the world. But even though Brandão is retiring, he will still be available for consultations and advice. He may be stepping down from the chairmanship, but he’s not leaving the banking world, according to Trabuco. Brandão will still have a desk and a computer. The people who want to learn about the highs and lows that make banking such a fascinating and rewarding profession will still come to Brandão for advice.

One of the people who will still call on Brandão for advice is Luiz Carlos Trabuco. Even though Trabuco is a well-respected and competent banker, he still needs people around him that understand sound financial decision making. Trabuco banking career may not be as long as Brandão’s 73 years of service, but Trabuco’s 48 years with the same bank is pretty impressive. Trabuco got into the bank’s training program in 1969, and by 1984 he was one of Bradesco’s rising stars. When Seguros, Bradesco’s insurance division, needed a new president in 2003, the bank gave the job to Trabuco. And for six years, Trabuco was responsible for turning in 30 percent of the bank’s yearly income. In 2009, the board gave him the CEO position, and he didn’t disappoint the board. Bradesco makes billions of dollars a year thanks to Trabuco and his executive team. One of those team members will be the next CEO. That announcement will come at the beginning of 2018, right before the annual shareholders meeting in March.

The candidates for the CEO position are current executive team members. The list of candidates includes human resource manager Andre Cano. Insurance president Octavio de Lazari, and Mauricio Machado de Minas, the bank’s IT chief are also candidates. Investment chief Marcelo Noronha is also one of the board’s picks. But chief lending officer Domingos Figueiredo Abreu might be the next CEO, but no one is ruling out chief operations specialist Josué Augusto Pancini, according to some bank employees, But Alexandre da Silva Glüher, the man responsible for the 2015 acquisition of HSBC’s Brazilian operations, may be the best candidate for the job.

For more, please see