Luiz Carlos Trabuco: Bradesco Appoints New President

In Sao Paulo, Banco Bradesco S.A. recently announced the position of a new president. Octavio de Lazari Junior is replacing Luiz Carlos Trabuco who is currently President in the executive board.

Many believe that Trabuco will remain in the Presidency of the Council as well as the executive position until March 12th, when a general meeting will be held to make new changes. Lazari Junior, who has been quoted as one of the names to succeed Trabuco, left his past dream of being a footballl player to work in the bank unit. Lazari’s father was a client and used the relationship with the manager to help claim the position for Lazari Junior.

Upon completion of the test he was chosen for the job, but it was not in mind for him to be president. Contrary to previous accounts, Lazari used this opportunity to improve himself, study, as well as work through a multitude of different areas. Trabuco also mentions that Lazari still must indeed work hard, as this is the second largest bank in the country. Lazari will soon see this firsthand as he will hold a very important position within this bank.

Read more: Conselho do Bradesco escolhe Octavio de Lazari Junior para substituir Trabuco como presidente

This process of succession originally began in October and that was when Lazaro de Mello Brandao left the chairmanship of the bank’s Board of Directors. That was the reason Trabuco rose to the Chairman. The bank made the statement that at that time the new president would come from the current staff of the financial institution. Clearly Bradesco is a victor, as Lazari looks to continue as well as reinvigorate the legacy left by Brandao and Trabuco.

Knowing that Lazari would be one of 7 vice presidents, this was reason behind the depth of involvement in regard to his experience. The personal positives of Lazari Junior are praised by the companions and are deserving of all good press. He began working in the Credit area in the late 1990s, and from there he became director according to As director he was responsible for the Corporate, Small, and Medium Business and Retail segments. Promoted to department director in 2010, he became CEO in 2012. In 2017, Lazari Junior made the step up to executive director VP and President of Bradesco Seguros Group.

Although optimistic, both Trabuco and Lazari stress the importance of pension reform and the continuance of this review. Trabuco has been a champion of pension programs over his long career in banking and finance. He began his financial activities at Bradesco on April 17, 1969 and served as President of Bradesco Vida e Previdencia until 1998. Currently he is the CEO of Banco Bradesco S.A. and will remain in that position until March 12th when the general meeting is held in reference to the incoming CEO Lazari.

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