The Bank of Bradesco is amongst the largest banks in Brazil, and it was started in 1943 by an entrepreneur called Amador Aguiar who was said to be daring by launching such a venture considering the hard economic situation at that time. Banco Bradesco started its operations in Sao Paulo, Brazil. Although the bank was founded many years ago, it has experienced leaders who were influential in decision making because the bank has only had four CEOs and two presidents.
The Bank of Bradesco experienced changes when the former President who was called Lazaro Brandao stepped down, and that was in October 2017. At the time Lazaro was stepping down he was 91 years old, and that earned him recognition as the head of a financial institution who stayed in office until such an old age. Previously the founder of the institution had also stepped down due to health issues. After his resignation, Luiz Carlos Trabuco took the position of the president to fill the gap left by his predecessor. Mr. Luiz Carlos Trabuco, therefore, left the place of CEO empty but an executive member had to take the post before one of the candidates running for CEO was shortlisted and named when the bank will be holding its annual meeting of shareholders.
Mr. Trabuco started working at the bank in 1969, and since then he has managed to rise to the top because of his hard work and brilliance. He has achieved a lot especially in his role as the CEO and a member of the executive. At one time, Mr. Trabuco worked as the head of the Insurance Department in the firm, and it was called Bradesco Seguros.
Luiz Carlos Trabuco managed to grow the market share of the insurance segment to a quarter of the market, and this was a significant achievement considering the fact that Brazil has a high population and this also leads to a high number of individuals in the insurance sector. Through the hard work of Trabuco, the profits of the organization grew up to 35% of the net income of the company. Trabuco earlier started as a teller in one of the branches of Bradesco Bank.
At one time Mr.Luiz Carlos Trabuco was moved, and he took five hours to get to the office, but this did not demoralize him as he still served the organization efficiently. Luiz Trabuco has earned recognition throughout the Banking industry in Brazil, and all this was because of his dedication to developing the Bank of Bradesco which is one of the largest banks in Brazil.