Luiz Carlos Trabuco is the president of Banco Bradesco. He became president on March 10, 2009, after Márcio Cypriano retired at 65 years. Mr. Trabuco has held several positions within Banco Bradesco, including managing officer (1998), department director (1984), and executive vice president (1999).
Luiz Carlos Trabuco Early Life
Luiz Carlos Trabuco was born in Marilia, a small town in the state of Sao Paulo, and attended the University of Sao Paulo (USP) where he received his undergraduate degree. He received his postgraduate degree from Foundation School of Sociology and Politics of Sao Paulo.
Mr. Trabuco started his career at the age 18 as a clerk at Banco Bradesco. In the position, he was in charge of assisting the bank’s clients with their day-to-day transactions such as deposits, withdrawals, and loan payments.
Luiz Carlos is the president of the council of representatives of National Confederation of Financial Institutions, chair of the board of directors of Elo Participações S/A, member of the strategic committee of Vale SA, member of the board of directors of FEBRABAN and vice-chairman of the board of directors of Banco Bradesco SA.
Awards and Recognitions
Mr. Trabuco has received numerous awards throughout his career. In 2006, he was named Business Personality of Insurance by Association of Sales and Marketing Officers of Brazil. During the same year, Trabuco was named Insurance Personal of the Year. In 2009, Trabuco was listed among the 100 most influential Brazilians.
About Banco Bradesco
Banco Bradesco is a Brazilian-based commercial bank that was established in 1943 under the name Banco Brasileiro de Descontos S.A. The bank was founded in the city of Marilia by Amador Aguiar, a banker, an entrepreneur and a farmer. It was established to target retailers, small landowners and government employees who resided in Marilia. In 1948, Banco Bradesco experienced a period of rapid growth, which enabled it to become the largest private commercial bank in Brazil. The growth included the establishment of branch offices in both rural and urban areas in Brazil. In 1988, it merged with its investment bank, consumer credit, and real estate finance subsidiaries to become a full-service bank.
The Bank of Bradesco has grown mostly through the mergers and acquisitions it has made over the years. These include the purchasing of Banco BCN (1997), the Brazilian subsidiary of BBVA (2003), and the Brazilian subsidiary of American Express (2006). In 2016, Bradesco acquired the Brazilian unit of HSBC for 5.2 billion making it the bank’s biggest-ever buy. The $5.2 billion purchase allowed the Bank of Bradesco to increase its assets by 16 percent, the number of employees by 23 percent and the number of branches by 18 percent.
Today, the Bank of Bradesco is not only one of the largest private-sector banks in Brazil but also in Latin America. It is headquartered in Osasco, Sao Paolo and has more than 4,600 branch offices across Brazil. The bank is currently the third largest bank in Brazil by total assets ($392.1 billion). It is also worth mentioning that Banco Bradesco is Brazil’s largest private employer with over 108,000 employees.
Learn more about Luiz Carlos Trabuco: https://www.istoedinheiro.com.br/o-bradesco-de-brandao-trabuco/