Luiz Carlos Trabuco is well known in the country of Brazil. He was born in 1961 on October 6. He first began his career working in the banking industry as a clerk for Bradesco bank at the age of 17. Over the next 15 years, he served various roles for the bank.
By the end of those 15 years, he was a marketing director for the company. During his time as a marketing director for Bradesco bank, he was able to modernize the relationship of the bank with the media. He was in charge of the marketing department of the bank for eight years. In 1992 he became the chief executive officer of a privately owned company that was focused on private pensions. He served this role until 1998.
In 1998 he became the managing director of Bradesco bank, and one year later he was elected to the position of Executive Vice President. In 2003 he became the president of Bradesco securities which included eight other subsidiary companies. It was during this time period that he launched shares of the company on the New York Stock Exchange. During his time as president of Bradesco securities the corporation was able to double in size and became a national leader in market share. By the end of his tenure the corporation controlled over 25% of the market share of the country and the insurance company was able to increase its performance from 25% to 35% and in the process became the largest in the Latin American sector.
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Over his extensive, for four long career in the banking industry, he has a and awarded numerous awards and has a recognized as an entrepreneur of the year and the finance category. Despite his numerous accolades, Luiz Carlos Trabuco has decided that it was time for him to step down from the position of president of Bradesco bank. Earlier this year he announced that Octavio Lazari would be replacing him as president for Bradesco bank.
The expectation for the bank was that one of the bank’s current seven vice presidents would assume the role of president. While Octavio Lazari was not a crowd favorite in the runnings for the position of president Bradesco bank has assured consumers that he is more than qualified for the position. Until the time that Luiz Carlos Trabuco formally steps down from his position as president, he will continue to run the company. While there has been economic turmoil in the country of Brazil Luiz Carlos Trabuco believes that the new president for the company will help to usher in a new era of prosperity as Octavio Lazari is more than competent enough to lead the nation’s leading banking industry company to help the country grow in a positive direction. Luiz Carlos Trabuco did not have any specific statements to make however he has said that the growth of the economy will be able to help multiply credit within the borders of the nation of Brazil.
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