Luiz Carlos Trabuco Cappi To Choose Replacement As CEO Of Bradesco

Over the last few weeks, the ground has been shifting under the executive suite at Bradesco, one of the largest banks in Latin America. It has been announced that the current CEO, Luiz Carlos Trabuco Cappi, will be stepping down and replacing the outgoing chairman, Lazaro Brandao in the latter’s position. Trabuco Cappi will be required to appoint his own successor in the CEO slot by March of 2018, a task that he has assured stakeholders that he will be taking his time with.

Who will be the next CEO of Bradesco? And what will it mean?

The grand strategy of Grupo Bradesco, now the largest banking group in Brazil, by various measures, has largely been set in stone by the events of the last few decades. This makes it unlikely that the new CEO will be faced with any major strategic challenges. Instead, it is anticipated that whoever ends up replacing Trabuco Cappi will be largely tasked with the daily operations and tactical means of continuing to cement the bank’s countrywide dominance.

But as late as the mid-2010s, there was still a great deal of uncertainty as to how Bradesco would proceed or if it was even capable of surviving at all. Trabuco Cappi himself has a somewhat rocky ride as CEO, at least at the beginning. He was appointed by the retiring CEO Mario Cypriano in 2009, and he inherited one of the most difficult situations in the bank’s history. While many in the business press as well as some shareholders have blamed Trabuco Cappi for the bank’s less-than-stellar performance throughout the early part of his reign of CEO, most acknowledge that the immense problems that he faced were largely structural and baked into the cake.

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When Trabuco Cappi took over, the bank was just coming off the most explosive period of growth in its history. Between 1990 and 2009, the company’s stock price had increased by a factor of roughly 300 times. This incredible growth was the product of a vastly improving Brazilian macro-economy, aggressively going after acquisitions of smaller banks and successfully promoting organic growth across all of its markets and product lines. But in 2009, a perfect storm threatened to catastrophically undermine all of these sources of the bank’s prosperity.

In that year, the country of Brazil first started really feeling the effects from the fallout of the global financial crises, which had been set off in 2008 by the real estate bubble popping in North America. By the middle of 2009, it was quickly becoming apparent that Brazil, with its complex economy based largely on foreign investment, was going to be hit unusually hard according to banco.bradesco. This caused a deep recession in the country from which it still has not fully recovered. Such an economic downturn was disastrous for a banking industry that is exquisitely sensitive to macroeconomic conditions.

Another problem that emerged was the one-two punch to Bradesco of rapidly dwindling acquisition targets as well as the merger of its two chief rival banks, Banco Itau and Unibanco. This merger slammed Bradesco back to a distant second place in the rankings of Brazilian financial institutions, making it vulnerable to being pushed around and priced out of markets by the now much larger Itau Unibanco, which could use its massive economies of scale against its smaller competitor.

Throughout the 2010s, the bank’s stock price slid to just 20 percent of its all time highs of 2009. But then, in 2015, Trabuco Cappi was able to complete the purchase of HSBC Brazil. This single transaction rocketed Bradesco back to the number-one position and turned the tables on Itau Unibanco.

Visit istoedinheiro.com.br for more details about Luiz Carlos Trabuco Cappi.

Roberto Santiago Creates Enjoyable Mall for Tourists

Brazil is a place that many tourists love to visit. It has become one of the most interesting places for people that want to experience some of the best possible weather and tourist attractions around. It is a heavy tourist attraction in Latin America, and Roberto Santiago knew that’s when he decided to create what is referenced as the largest shopping center in all of Brazil. This phenomenal Mega mall that Roberto Santiago owns is called Manaira Mall.

 

It has become a large tourist attraction because there are so many stores for shopping. People are able to get everything from clothes for infants to shoes and clothes for adults. There are toy stores and furniture stores. There are shops for accessories and jewelry. There are no limits on the number of potential stores that people have access to when they make a decision to shop at this extravagant mall environment that Roberto Santiago has managed to bring it to existence.

 

He has done some wonderful things in the business world. Roberto has definitely been able to provide people with a wide range of shops to consider, but this is just a small part of the mall environment that Roberto created. What he has really done that separates this mall from all other malls is the number of shops that are outside of the scope of a regular mall. There’s a food court here, but that is not that uncommon in the mall environment. What is uncommon, however, is the great amount of things like the bowling alley, the bar and the movie theater that is also part of this mall.

 

People are very impressed because they get the chance to hang out in this small environment even if they are not shopping. That may be the thing that sets it apart from so many other shopping environments in Latin America. There is even a concert hall and a huge room that can be used for things like receptions or conferences. It really has become the type of environment that people love because it is the epitome of one-stop shopping.

 

People have the ability to do all of their shopping, and they can come back and hang out after they put their bags away in their cars. They can reverse this and hang out first if they desired to do so and shop later. This is the type of environment that people can go to and literally spend the entire day because there are so many activities to engage in.

 

Roberto Santiago was really thinking ahead when he created a mall environment of this magnitude. He wanted people to enjoy themselves immensely, and the Manaira Mall is quite enjoyable for tourists.

 

Luiz Carlos Trabuco

There are many words that one could use to describe Luiz Carlos Trabuco. Some of those are: determination, persistence, hard-working, passionate. He has used each one of these characteristics to help move the nation’s largest insurance company into the place that it finds itself today.

Luiz Carlos Trabuco has touted the strength of the Brazilian economy in general and how this has helped promote a strong insurance sector of that economy in particular. He won the Insurance Personality Of The Year in 2007 for the second time ever. He used his speech at that award ceremony to continue to preach about how the economy in Brazil has helped the growth of the company that he heads.

This man has been a staple in the company for a very long time. In fact, he has had some involvement with Bradesco for thirty-eight years. He actually had to work his way up the ranks just like anyone else would. This meant that he got to see all of the nitty-gritty aspects of each part of the business. He was not just placed on the throne to make commands. Instead, he learned how those commands would translate down the whole chain of the business.

Read more on jusbrasil.com.br

Looking Forward

If you work in the insurance business, it is always a good idea to have an eye towards the future. That makes sense, and that is what Luiz Carlos Trabuco always tries to do. He has made the claim that the insurance sector is an extension of the State, and that it is necessary for the welfare of the social state in general.

He has put all of his chips in on the idea that insurance will continue to take on an increasingly important role in the Brazilian economy. It is an economy that is still growing and evolving. As such, insurance is starting to take on an ever-increasing role in the economy in general. Luiz Carlos Trabuco as a CEO and president is making a bet that this trend will continue into the future.

It is interesting that Luiz Carlos Trabuco has made waves not just in the world of business, but also has had his hands in philosophical issues as well. This maybe shouldn’t be as surprising considering that he graduated with a degree in philosophy from Sao Paolo University. He then went on to campaign in favor of Christ the Redeemer to be added to the list of the Seven Wonders of the World.

People like to pay a lot of attention to the words that Luiz Carlos Trabuco says. They care what he has to say because he has shown his thoughts and words to matter so greatly to the insurance market and just about everything that he has gotten involved in.

What The Man Means To His Insurance Company

It is difficult to overstate what Luiz Carlos Trabuco means to the insurance company he works for. He is actually personally responsible for about forty percent of the earnings that they bring in. If it were not for him, the company would be in a worse state than it is now by far.

As has been previously mentioned, it is not as Luiz Carlos Trabuco did this all overnight. He has worked very hard to make his way through the ranks. He also made sure to try out new ideas as they came to him. He is a firm believer in the insurance market, and that is what has helped him bring Bradesco back to some of its former glory.

Find more about Luiz Carlos Trabuco: http://www.istoedinheiro.com.br/noticias/negocios/20151218/luiz-carlos-trabuco-cappi-empreendedor-ano-nas-financas-2015/327856