Luiz Carlos Trabuco the respected economist
Luiz Carlos Trabuco has been with Banco Bradesco since 1969 and has held many titles from a bank teller to President and almost every title in between. Currently, the Chief Executive Officer and former President, Luiz Carlos Trabuco has made a big impact on the economy of Brazil and is a well-respected leader in the world if finance and banking. Elected president in 2009, Luiz Carlos Trabuco has played an instrumental role on many levels that have helped Bradesco maintain its position as one of the largest banks in the country. Prior to announcing the new president in 2017 to be Octavio de Lazari Junior, Luiz ended his tenure just prior to implementing a huge expansion by way of acquisition. Learn more about Luis Carlos Trabuco at bloomberg.com.
In 2015 two years before he stepped down, Luiz Carlos Trabuco closed a deal that absorbed 800 branches of HSBC’s Brazil division. The deal to buy up HSBC was valued at $5.2 billion, the largest finical deal that year, which earned him the prestigious, Entrepreneur of the Year, by Money Magazine. In fact, Luiz Carlos Trabuco was scheduled to step down two years prior, but with so many details regarding the new acquisitions, the at the time, Chairman of the Board of Directors, Lazaro Brandao increased the age term limits by two years, for the first time in the bank’s history. The official introduction of Octavio de Lazari Junior as the new president was made during the Ordinary General Assembly (AGO) meeting, which took place in March of this year.
At the AGO, Octavio de Lazari Junior’s appointment to become president was made public as well as the retirement of the Chairman of the Board of Directors, Lazaro Brandao was announced. This made Luiz assume the role of both Chairman and CEO. Carlos Alberto Rodrigues Guilherme was named the new Vice President also.
During this year’s World Economic Forum, Luiz shared insight on how the current economic situation should be interpreted. Luiz says we are in the very early steps on the road to economic recovery and need to allow much more time before we can really understand where Brazil is economically. Learn more about Luis Carlos Trabuco at Crunchbase.