Luiz Carlos Trabuco Cappi is the chairman of the board of directors of Banco Bradesco which is the largest private bank in Britain. During an event, Trabuco explains that the capital market, whose development has been slowed by financing the private sector through subsidies, will be used in funding new infrastructural projects. He feels that the society does not accept privatization, so he saw it was elementary for private investment to be discussed. The former director of Brazilian Development Bank and Elena Landau, former chairman of the Electrobras board said that all companies owned by the state should be involved in the discussion. Like in the case of Caixa, where Gilbert Occhi took over the health sector instead of being president, Elena Landau believes that the state should not participate in the economy.
Luiz Carlos Trabuco Cappi Bradesco said that in choosing his successor, the process would involve one that would ensure the bank management model was preserved. He chose a 39-year-old, Octavio de Lazari Junior, who he says has a horizontal knowledge on banking and insurance and is optimist since he gives positive ideas based on his challenges throughout his career. In a news conference, Luiz Carlos Trabuco Cappi Bradesco recommended Lazari since he has developed managerial skills through consensus and gives connection to workplaces. After a shareholder’s meeting held on March 12, Trabuco claimed that the selection process was complex since there is skilled personnel in the banking sector.
Luiz says that not only has Lazari helped in increasing wealth in Banco Bradesco but also has work experience since he was a manager of agencies, director of the credit area and had a responsibility in the board of loans and finances which led to him being a negotiator of credit lines between Brazilian Development Bank and its customers. Luiz acknowledges Lazari to be the right leader and a good team builder. Three vice-presidents were nominated to the board: Domingos Abreu is a specialist in control, Alexandre Gluher who is a risk and audit expert, Josue Pancini who was an expert at network and income and Mauricio Minas, a technology expert. The sole reason for having this person added to the council was to prepare the organization for the future challenges. Despite the expected challenges, Luiz Carlos Trabuco Cappi Bradesco has great faith that Octavio is ready for them.
In a meeting with journalists, Luiz Carlos Trabuco Cappi Bradesco said that the government’s need of increasing public spending could be solved through pension reforms. He hoped that the government could approve before elections since if the reform is not approved, financing of the treasury would be an expensive and so fiscal condition of the country will go down. He indicates signs of the increasing demand leading to the traction of credit. Trabuco hopes that the year 2018 will be of success despite the elections. Visit This Page for additional information.
Bradesco announced a new president, Octavio de Lazari Jr, who is a 54-year-old and had been foretold to be Trabuco’s successor. Trabuco will remain in the presidency of the council until March 12 when an ordinary general meeting will be held. Lazari was a football player at Palmeiras but abandoned his dream so he could work at that bank which his dad was a client. Octavio denotes that he did not expect to be president but worked hard and although he could retire he did not require that benefit. The change of command happened in October where Lazari swore to continue with Trabuco’s work. Bradesco acknowledged that Lazari who has a degree in Economics from Osasco and specialist in financial strategies and marketing was the most outstanding successor to the rest of the workers. Lazari and Trabuco hoped for better years and gave stress on the pension reform.