It was an open secret that soon or later Lazaro de Mello Brandao will call it a day. Analysts had correctly interpreted the appointment of Luiz Carlos Trabuco Cappi as Vice President of the board earlier to mean the bank was preparing a transition. In any case, Mr. Brandao’s advanced age that made him of one of the longest-serving bank chairpersons in the world meant that retirement was long overdue. Banco Bradesco, however, is well prepared for continuity despite the exit of the Chairman. During the announcement of Brandao’s retirement, the bank also announced that Mr. Luiz Carlos Trabuco Cappi would take over from the retiring chairman.
While the transition period was long overdue, the timing was a bit unexpected by the industry watchers according to globo.com. The decision has automatically led to another one that will need to be made after a while. The bank’s announcement that Luiz Carlos Trabuco Cappi will take over both positions sought to calm down excessive speculation. That did not deter industry analysts from asking a few questions. Who will take over as CEO, is a common question right now in the Brazilian banking industry.
Luiz Carlos Trabuco Cappi has made it clear that the next leader will come from the current pool of the bank’s executives. The bank has made it a tradition to appoint senior leaders from one of its performing employees. The culture has immensely contributed to the growth rate that the bank has witnessed over the past several decades. It also ensures that institutional memory is leveraged to ensure continuity. This has seen the finance media zero on seven senior bank executives as possible successors.
A few names have been touted. These include Mauricio Machado de Minas who is the current head of IT, Alexandre da Silva Gluher the Chief Risk Officer at the bank who served in an important role in the acquisition of HSBC Brazil, Domingos Figueiredo Abreu the Bradesco’s head of treasury and lending departments, Josué Augusto Pancini who is in charge of the bank’s branch network, Marcelo de Araujo Noronha who is in charge of the banks corporate investment and card operations, Octavio de Lazari who heads the insurance unit, and André Rodrigues Cano who is in charge of the human resource department.
The availability of worthy talent at the bank is pretty much obvious. Since the Bank has indicated that the next CEO will come from this pool, it is reasonable to conclude that one of this individuals will take over. In the meantime, however, Luiz Carlos Trabuco Cappi will juggle the two position of Chairman and CEO. Having worked with the bank for 48 years, Luiz Carlos Trabuco Cappi knows the insides of the bank’s operations in every segment. For a transition, Banco Bradesco could not find a better person to take charge than Luiz Carlos Trabuco Cappi.
Luiz Carlos Trabuco Cappi started working for Banco Bradesco in 1969 as a bank teller. He was in his late teens at that time. Over the next 15 years, Luiz Carlos Trabuco Cappi held various positions such as branch manager, district manager, and regional manager. It was at this time that the Bradesco decided to tap him for bigger and more strategic roles. This got him appointed as a Director in 1984 as the first major senior management position he held. In 1999, he rose to the position of an Executive Vice President where he served to the year 2003. He then moved on to be the chairman of Bradesco Seguros till 2009. At the height of the financial crisis, Luiz Carlos Trabuco Cappi was appointed the CEO of Bradesco Bank. With the Brazilian banking industry facing a downturn, the bank needed a shrewd business leader to see it through. Luiz Carlos Trabuco Cappi steps up the peddle and by 2015 the bank was in its strongest position.
Visit istoedinheiro.com.br for more details about Luiz Carlos Tarbuco Cappi.