Nearly five months ago, Luiz Carlos Trabuco Cappi handed over the executive reigns of Banco Bradesco to Octavio de Lazari, a lifelong employee of the second-best private financial institution in all of Brazil who most recently worked under Bradesco’s Seguros subsidiary, a provider of life, auto, home, and virtually every other type of insurance someone could think of.
Luiz Carlos Trabuco Cappi might not still be responsible for making executive decisions on a daily basis, though assuming that Mr. Trabuco failed Banco Bradesco as Chief Executive Officer is silly. Although the sample size is objectively small, Mr. Trabuco has done greater things for the company than any other lead executive to serve Banco Bradesco.
From 2009 to 2018, Mr. Trabuco facilitated Bradesco’s ongoing success
In 2009, Luiz Carlos Trabuco Cappi was named the Chief Executive Officer of Banco Bradesco; at the time, Mr. Trabuco was just the fourth CEO to ever work for Bradesco. He was awarded the role after the then-current CEO Marcio Artur Laurelli Cypriano was forced to step down upon hitting the former age limit of 65.
Luiz Carlos Trabuco Cappi was on the forefront of long-ongoing talks between HSBC Bank and Banco Bradesco throughout his entire tenure as Chief Executive Officer. In 2016, just two years ago, Mr. Trabuco was finally able to leverage the acquisition of all Brazilian assets, personnel, rights, and everything else associated with HSBC Bank for Banco Bradesco.
Although the purchase price was a whopping $5.2 billion – as expressed in United States Dollars; the Brazilian Real was used to consummate the deal instead of the Dollar – Bradesco was able to pull away with a much-needed acquisition to place itself firmly among the top two spots on the leaderboard of the largest private banks in Brazil.
About Mr. Trabuco
Luiz Carlos Trabuco Cappi went to the University of Sao Paulo and studied under the supervision of the Faculty of Philosophy, Sciences, and Letters. Afterward, he attended the School of Sociology and Politics while working for Banco Bradesco as a teller. Today, Mr. Trabuco is the company’s Chairman.