Groupo Bradesco ranks as one of the largest private banking institutions in the country of Brazil. The bank currently has more than $400 million under management and has more than 5,000 local branches throughout the country. Since the 2015 acquisition of HSBC Brazil, Bradesco has gained a strong lead over all other banks in the country.
All of this is taking place under the wise leadership of Luiz Carlos Trabuco, one of the most renowned bankers in the entire country. Late in 2017, Trabuco announced that he would be finally leaving the post of the presidency of the bank. He said that he would be assuming the role of the chairman of the board of directors for the bank, replacing the outgoing Lazaro Brandao, who had been with the firm for more than 70 years.
As the chairman of the board, he has stated that he will continue providing the same quality of leadership that has won him so much respect and admiration throughout the banking community and in the country at large.
Under Trabuco’s leadership, Bradesco grew from a minor second-tier bank into one of the most important financial conglomerates in all of Latin America. He was able to win the Isto E Dinhiero 2015 Entrepreneur of the Year Award for the acquisition of HSBC Brazil, which turned out to be the largest deal ever put together in the history of Brazilian business. Also during his tenure, Trabuco oversaw a huge rebound in the stock price of the bank. At one point towards the end of 2015, the stock price was trading as low as $3 per share. But by the end of Trabuco’s presidency at the helm of the bank, the stock was back trading towards almost all-time highs. This represented an increase in the total market capitalization of the bank of billions of dollars.
He first came to work at Bradesco in the year 1969 when he was just 18 years old. Since then, he has spent his entire career climbing the corporate ladder at the bank, going from the lowliest position at the firm all the way to its most exalted office. This extensive experience has given he a first-hand appreciation for how the business should be conducted at every level of its operations. Simply put, there is no one with more hands-on banking experience in the entire country than him.
As he continues to lead Bradesco into the future, things are looking up for the bank.