Luiz Carlos Trabuco: Career In The Brazilian Banking Sector

Luiz Carlos Trabuco is the president and CEO of Banco Bradesco, Brazil’s second-largest bank. He was born (October 6, 1951) in Marília, Sao Paulo. Luiz received his undergraduate degree from the University of Sao Paulo and postgraduate degree from Foundation School of Sociology and Politics of Sao Paulo.

After completing his higher studies, he joined the business industry. He started out his career as a clerk at the prestigious Bradesco Bank. Luiz has held different positions in the bank over the years. He was appointed department director in January 1984, a managing officer in 1998 and an executive vice president in 1999. In 2009, Luiz was appointed the president and CEO of Banco Bradesco.

There were sky-high expectations for Mr. Trabuco when he became the president of Bradesco. He did not disappoint. During his tenure as CEO of Banco Bradesco, the bank doubled its size in terms of the total assets. The bank’s assets increased from R $ 32 billion in 2003 to R $ 78 billion in 2010. Additionally, the bank’s insurance company increased its performance from 25% to 35%.

Besides his role as president of Banco Bradesco, Mr. Trabuco is a member of the board of directors of FEBRABAN, the vice-chairman of the board of directors of Banco Bradesco SA, president of the executive board of the CNF and member of the strategic committee of Vale SA.

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About Bradesco Bank

Banco Brasileiro de Desconto S/A, famously known as Bradesco, is one of the oldest and largest financial institutions in Brazil. The bank’s history dates back to 1943 when Amador Aguiar, a famous Brazilian businessman, banker, and farmer, opened up a banking institution in the city of Marilia, Sao Paulo. The bank was set up to target small land owners, government employees, and retailers who resided in Marilia. A few years later, the bank grew to become one of the largest private banks in Brazil. It was during this growth period when the bank moved its headquarters to Osasco, Sao Paulo.

Today, the bank serves more than 16.8 million domestic and international clients in its 5,314 branches. Additionally, it employs more than 95,248 employees making it the largest private employer in Brazil.

The bank’s growth is attributed to the acquisitions it has made since its inception. Bradesco’s first acquisition was in 1997 when it bought Banco BCN, a commercial bank that was based in Sao Paulo. The bank has also bought other institutions such as the Brazilian subsidiary of BBVA, the Brazilian subsidiary of American Express, Banco Mercantil de São Paulo and Banco do Estado do Maranhão. In 2016, the bank bought the Brazilian unit of HSBC Bank. The $5.2 billion purchase enabled the bank to add 5 million new clients and increase its assets by 16 percent.

Bradesco Bank serves the Brazilian household and international corporations with a broad range of banking and financial services. These include personal banking, receipt and payment processing, insurance services, issuance of credit and debit cards and asset management among others. The bank’s insurance segment is currently the largest insurance provider in Brazil.

Learn more about Luis Carlos Trabuco: http://www.istoedinheiro.com.br/noticias/negocios/20151218/luiz-carlos-trabuco-cappi-empreendedor-ano-nas-financas-2015/327856

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