Bradesco Group’s current CEO, Luiz Carlos Trabuco Cappi has had an impressive career as head of Brazil’s second largest financial and banking services conglomerate. Known for his unique talents, exceptional command, and experience, he is indeed an influential executive.
He was born in the same hometown as Bradesco’s founder Amador Aguiar, in 1951. Beginning his career as a clerk, he has ascended through various posts to its presidency. Today, he is the fourth president of the now 74-year-old company.
Luiz apprenticed under the wings of its founder as a clerk in one of its Marilia branches. Being the head of Brazil’s second largest financial services empire is no mean feat. For this reason, Trabuco deserves recognition for his efforts, accomplishments, and contribution to the company and the country as a whole. Before joining the ranks of its employees, he pursued a postgraduate degree in Social Psychology from the School of Sociology and Politics Foundation in Sao Paulo.
In addition to that, Trabuco has extensive professional qualifications in diverse fields such as accounting, economics, engineering, and management. His meteoric rise to the presidency of Bradesco reflects Bradesco’s growth and development. His personality is well disposed to the role of a banker and business executive. Trabuco rose to the helm of Bradesco at a time of intense competition from its main rival Itau Unibanco.
Even so, he was instrumental in making Bradesco a worthy competitor. This he achieved through the purchase of HSBC’s operations at a surprising sum of $5.2 billion. Through this deal, he shattered previous records of company buyouts. In turn, acquiring HSBC placed Bradesco at the top of the pack in the financial services industry. Besides, Bradesco outperformed Itau in the number of active account holders, gross investment funds, and branch networks.
His longevity within the company equips him with a unique understanding of the company’s operations, vision, mission, and potential. In turn, this results in increased productivity, developments, and growth beneficial to Bradesco’s stakeholders. In his first four years as its head, Trabuco was able to increase performance ratios and double its assets. For instance, Bradesco’s market share rose from 10% to 35% making it the biggest insurer in Brazil. His contributions were acknowledged, as he was awarded two Insurance Personality of the Year awards.
Besides that, he has been instrumental in helping the company attain new heights in other business areas. For instance, since becoming its CEO, its active insurance holders grew from 37.7 million to 50 million. Also, the number of active bank account holders increased by 7 million to 27 million. These achievements make apparent his resourcefulness and management aptitude. In the recent past, he has managed to help the company consolidate its position despite fierce competition from other industry players. Trabuco relies on an organic approach to grow and expand the company’s reach in the Brazilian market. His strategy, accordingly, constitutes the systematic acquisition of smaller banks into one big unit. As such, he recognizes the need for transforming the way Bradesco does business.
Being at the forefront of this pursuit, Luiz Carlos Trabuco Cappi understands what and how to do it. In relation to that, he takes the lead in driving Bradesco’s customer acquisition activities. In 2009, he initiated a drive to open 211 branches targeting an estimated customer base of 100 million by 2025. Also, he instituted financial overdraft products targeting Brazil’s high net clients via Bradesco Prime. It is expected that as the Brazilian financial market evolves, Bradesco will have to contend with new challenges. Having a capable head in Luiz Carlos Trabuco Cappi will help it remain productive, profitable, and capable of weathering problems.
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