Luiz Carlos Trabuco: Bradesco’s Chairman And President For The Next Few Weeks

Early last month, Bradesco surprised the Brazilian financial industry by announcing a raft of leadership changes that were largely unexpected. Key among these changes was the resignation of long-serving chairman, Lazaro Brandao due to old age. The board then settled on the current president as the best fitting individual to take over from Brandao. This decision, in turn, left Luiz Carlos Trabuco’s old position – that of president – vacant and needing immediate replacement. The process of selecting a new president has, therefore, began in earnest at the bank.

Bradesco is expected to remain true to its long-held tradition of selecting presidents from within its top leadership ranks. This strategy has greatly worked in the company’s favor, during the last three succession cycles. Consequently, the bank’s current executive vice presidents are seen as being the most likely picks for the position. However, while the search for a new president has begun, the decision on who it is will not be made until March 2018 when the planned shareholder’s meeting is held. Therefore, Luiz Carlos Trabuco is expected to continue giving the bank guidance for at least four more months as both president and chairman.

Being named chairman is the culmination of over four decades of hard work at Bradesco for Luiz Carlos Trabuco. He joined the bank in 1969 when he was employed as a clerk at one of the bank’s branches. Right from the very beginning, Luiz Carlos Trabuco shared some peculiar similarities that led many to believe that he was always destined to finish his career at the organization. Bradesco was founded in Marilia, Brazil – Trabuco’s city of birth. Additionally, Bradesco became the largest private bank in the country in the same year of Trabuco’s birth: 1951. However, it is his concrete performance at every position he has been assigned that has led him to ascend the leadership ladder at the company with the haste that he has done.

Read more on folha.uol.com.br

A very successful six-year tenure at Bradesco Seguros is what made Luiz Carlos Trabuco known to the entire financial industry in Brazil. At the time he was joining the subsidiary in 2003, it was already the largest insurance company in the country and many consequently though he was going to have a muted tenure. However, he immediately asserted his desire to continue growing the company as soon as he took over by expanding its agent network. This move helped grow the number of policies held by the company to approximately 25 percent of all those in the market by 2009 – thus further increasing Bradesco Seguros foothold on the market. During this six-year spell, he was twice named the insurance personality of the year in recognition of his efforts to grow the insurance industry in the country.

For the last nine years, Luiz Carlos Trabuco has been serving as the president of Bradesco. His appointment was in 2009 and come immediately after his tenure at Bradesco Seguros. Despite facing a difficult economic climate in his first year of appointment, he managed to weather the storm and add more than 200 new branches to the Bradesco network. Six years later, he engineered the largest takeover in Bradesco history when the bank purchased fellow competition, HSBC Brazil for an estimated $5 billion. In addition to winning Luiz Carlos Trabuco the accolade of entrepreneur of the year in the finance category for 2015, it also drew Bradesco a lot closer to becoming the largest private bank in the country again.

Now as chairman and with the help of the incoming president, hopefully, Luiz Carlos Trabuco will guide Bradesco to finally reclaiming the top spot.

For more information about Luiz Carlos Trabuco, visit infomoney.com.br.

Orange Coast College – article recap

May of 2017 was an exciting time for the prestigious rowing team of Orange Coast College. They had been practicing almost daily since August for the upcoming rowing competition. Set to compete against four worthy larger universities, spirits of the OCC rowing team remained high. This team has already won this competitive and national title race a total of 11 times over their 60 year proud history. This is a feat that deserves attention, as Orange Coast College is a community college of smaller proportions than most other competitors. Small or not, OCC was ready for the challenge. This college has seen 10 of their better rowing team students go to world rowing championship events and even to the coveted Olympic Games.

 

The faculty of Orange Coast College all give something special to this college. Students are able to fulfill their dreams of a wonderful education in an intimate college campus that feels like home. The classes are each unique, and students are daily challenged to think outside the box. They have a stunning amount of outstanding career or vocation classes that prepare them for jobs and careers that they have long been dreaming about. The comfortable campus surroundings are conducive to the lessons taught by the instructors here. Learn more: https://www.facebook.com/orangecoastcollege/

 

Orange Coast College uses a holistic approach in their education programs. This was the vision of the school’s passionate founders decades ago. Today, this whole person educational system is seen as a modern idea. The results are proof enough that the process works. Most students do end up furthering their education at other fine universities around the country. These students then get jobs in the fields that they studied. The students enjoy a laid back atmosphere, and a nurturing environment. This Costa Mesa college has always given back to the community. Learn more: https://www.prnewswire.com/news-releases/denova-homes-hosts-orange-coast-college-architecture-students-300544974.html

 

The college has undergone some recent renovations. A stellar new science and lab facility now allows students an innovative learning experience. Orange Coast College plans to be around to teach new generations of students. In the years to come, it will be interesting to see how this college stays current.