The current president of Bradesco, Luiz Carlos Trabuco Cappi has confirmed the various changes the banking and finance giant has endured over the past few months.

Bradesco, one of the largest banking enterprises in Brazil, has a very large impact on the economy, so there is lots of anticipation of how these changes may affect the country. Luiz Carlos Trabuco Cappi went into detail about the new president scheduled to take office in the next few weeks. Luiz Carlos Trabuco Cappi stressed the company taking its time in the selection process, especially considering the recent acquisition of HSBC.

Luiz Carlos Trabuco Cappi has been with the company for 40 years. Starting as a bank clerk in 1969 Luiz Carlos Trabuco Cappi, has had an impressive and successful career with Bradesco. From 1992 to 1998 Luiz Carlos Trabuco Cappi was the Executive Director and President of Bradesco’s Private Pension Company. In 1999 Luiz Carlos Trabuco Cappi was promoted to Executive Vice President of Bradesco, and Chief Executive. Luiz Carlos Trabuco Cappi, in 2003 was appointed to President of the insurance division Bradesco Seguros. Luiz Carlos Trabuco Cappi, acknowledge the fact that the new president must be announced 30 days before the AGO meeting scheduled for March 12th. The AGO meeting is the Ordinary General Assembly, and it is place the new president will officially be revealed. Luiz Carlos Trabuco Cappi confirmed the appointment of Octavio de Lazari Junior as the 5th president to take office. Luiz Carlos Trabuco Cappi also spoke on the retirement of Lazaro Brandao, the 91 year economic and financier, retiring after 75 years with Bradesco. Lazaro Brandao detailed the need for him to extend the age restriction to 67 two years longer than usual, due to the major transition Bradesco is experience he felt it was necessary.

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It should be noted the appointment of Octavio de Lazari Junior, was not welcoming news for all the board members. Octavio de Lazari Junior, has been with Bradesco since 1978 as an Agency Manager. In 1198 Octavio de Lazari Junior became the Director of the credit division of Bradesco and changed focus to small and medium size companies.

Octavio de Lazari Junior was promoted to Director of Loans and Financing in 2010 and two years later in 212 he was appointed to the Board of Director Officers. It was in 2017 Octavio de Lazari Junior became the Executive Officer Vice President and Chief Executive Officer of Bradesco Seguros Group.

Luiz Carlos Trabuco Cappi also detailed the new appointment to the Vice President of the council will be Carlos Alberto Rodrigues Guilherme. Carlos Alberto Rodrigues Guilherme began working at Bradesco back when he was only 13 years of age.

Lazaro Brandao, shared his take on the current climate of the economic situation in Brazil. Lazaro Brandao pointed to political infighting and the overall lack of unity is hurting the economic growth. Lazaro Brandao suggest the true solution, however is hard to do, but must be done and that is labor reform.

Find more about Luiz Carlos Trabuco Cappi: http://economia.estadao.com.br/blogs/coluna-do-broad/bradesco-deve-anunciar-sucessor-de-trabuco-antes-do-carnaval/

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