Trabuco Bradesco Continues to Flourish Amid Staff Changes

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Luiz Carlos Trabuco is the former President of Bradesco Bank (Trabuco Bradesco), which, as it stands, is currently the second largest private bank in Brazil in terms of equity and assets. Over the course of his career, Luiz Carlos Trabuco has risen from a clerk position, which he attained at the age of 15, to the position of president. While he still sits on the on the Board of Directors at Bradesco Bank, where he holds the position of Chairman, he recently relinquished his former position, and after a lengthy search, has been replaced by Lazari Junior. The entire process began in October of 2017 when Lazaro de Mello Brandao resigned from his position on Bradesco Bank’s Board of Directors and was replaced by Luiz Carlos Trabuco for an interim period. Despite being 91 years old, Lazaro Brandao’s exit from Bradesco Bank was a surprise to many, as he was just the second president in the history of the bank. Throughout the search for a new President of Bradesco Bank, it was stated that the new president would be hired from within the ranks, and out of the seven vice presidents considered, Lazari Junior seemed to be the prime candidate.

Luiz Carlos Trabuco began the Trabuco Bradesco connection in 1969, and throughout his tenure, has played a significant role in the growth and development of the private bank. He attended the University of Sao Paulo, and after completing his undergraduate studies, enrolled in the School of Sociology and Politics of Sao Paulo. Mr. Trabuco’s postgraduate studies played a considerable role in his forty-year rise within the ranks of Bradesco Bank, helping to spark the Trabuco Bradesco partnership. Prior to becoming the Chief Executive Officer, Mr. Trabuco sat at the helm of Bradesco Bank’s insurance division, Bradesco Seguros. During his time as with Bradesco Seguros, his role was substantial, as he took the organization’s market share from 23 percent to a full 25 percent, which is increasingly significant considering that Brazil is one of the top ten most highly populated countries in the world. Mr. Trabuco was also responsible for making Bradesco Seguros one of the most profitable divisions under the Trabuco Bradesco umbrella.

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