Luiz Carlos Trabuco: The Leader Helping Bradesco Succeed

Luiz Carlos Trabuco has played an essential role in the improvement that Bradesco has been witnessing over the past nine years. The company has transformed beyond what it used to be and has been able to take over the essential number one spot in the banking industry. Over a decade ago. Bradesco always came in second place among the best banks in Brazil. The companies leaders had been eagerly waiting to develop the services that the bank provided, but the company still always fell short.

However, when Luiz Carlos Trabuco took over as the President of Bradesco in 2009, he knew that he would have to try and take a different approach as compared to what was previously being done. He knew that one of the reasons Bradesco always faced competition in the industry is because of its territorial reach. Often, the bank services that Bradesco provides aren’t able to reach those who live in the remote parts of the country, thereby thinning out the customer base according to folha.uol.com.br. Because of this, Trabuco decided that the route that he would take would be to improve the number of Bradesco banks that are currently situated throughout the country. He wanted to make the services that the bank provides as accessible as possible, which got the bank a large number of customers who were now achieving their financial goals with them.

Through his years of standing as the President of the company, Luiz Carlos Trabuco implemented some changes that were important for the growth that Bradesco was aiming for. He proved to be an incredible leader to the company who could understand all aspects of the business. He spent the next few years helping the company progress into the future of the Brazilian banking industry.

Read more: Conselho do Bradesco escolhe Octavio de Lazari Junior para substituir Trabuco como presidente

During the latter months of 2017, Luiz Carlos Trabuco was asked to step in as the chairman of the company. The person who previously held this position at the company was retiring, thereby leaving this important position within the company vacant. According to oglobo.globo.com, the board of directors at the company wanted to select someone who was familiar with the workings of the company and who understood Bradesco right from its very core. Because of the work that he had already done, and the contribution that he has had, Trabuco was considered to be the best choice for the company. After a few months, Trabuco was all ready to take on this new position that he was offered at the company.

Luiz Carlos Trabuco’s journey with Bradesco started at a young age as clerk, which is when he was working to support himself and his family. The banking industry seemed like a good place to start, which is why Trabuco decided to get a job there. He knew that he would have to face an upward climb if he wanted to reach any notable position within the company, which is something that he eagerly worked towards. Before taking up the place of Chairman or President of the company, Trabuco held the post of CEO of Bradesco.

Check more about Luiz Carlos Trabuco: http://www.meioemensagem.com.br/home/ultimas-noticias/2018/02/05/bradesco-anuncia-substituto-de-trabuco.html

Mike Baur Helps To Change The Face of Switzerland’s Economy

Mike Baur was born in Switzerland earning an Executive MBA from Bern University and an MBA from the University of Rochester. After college, his working career began in the banking industry which turned into a lucrative 20-year experience. Mike worked at banks like the Union Bank of Switzerland and the Bank Clariden Leu. During his varied banking careers and promotions, he met young entrepreneurs who could not get financial support or interest into any of their projects. It was these encounters that led Mike on a course to start his own business to help young tech entrepreneurs.

 

Mike Baur is currently the co-founder of Swiss Start-Up Factory located in Zurich. The goal by Mike Baur for the Swiss Start-up Factory is to teach young entrepreneurs how to introduce their products to the industry. Mike Baur mentors, coaches, and gives a network platform for their digital start-ups. When the young entrepreneurs enter the Swiss Start-Up Factory program they enter an intense three-month training course. They learn how to market their services or products, they learn how to network with other tech giants and entrepreneurs, and they are taught how to get funding from investors and various financial entities.

 

During the climate of the country’s financial environment, Mike Baur says that his company is very different from other developmental companies. Swiss Start-Up Factory is different because it is independently owned and operated. Mike said that the word factory is part of his company’s name because people work hard in this environment and so does his entrepreneurs and the staff. It is Mike’s belief that working hard is the key to success. In addressing the banking industry in Switzerland, Mike believes that banking is encountering too many regulations and scandals, interest rates have fallen, and there are lessening profits.

 

Switzerland has always been seen by the world as a country where you could safely store your money, however Mike says this has changed. One remedy suggested by their President is to take more risks and to support the entrepreneurial spirit. However, the country’s banking industry is not supporting their own suggestion. As such, employment numbers have fallen in the banking industry, the construction industry, and the real estate industry.

 

Mike Baur with his business acumen saw this happening and took advantage of it. He invited talented individuals from these sectors to join his enterprises to formulate better career contingencies. Mike Baur believes in his businesses giving back to the country that he loves. Mike and his partners promise to continue to work to impact favorably within the Swiss business community and through Swiss Start-Up Factory, to produce great business men and women who will contribute to the Swiss economy.

Bradesco’s New Chairman Of The Board Luiz Carlos Trabuco Wants To Change The Bank’s Business Model

If you are Brazilian, and you bank in Brazil, you know about Luiz Carlos Trabuco. Trabuco is a bank celebrity in Brazil. He’s been a Bradesco banker for the last 48 years, and during that time Bradesco has hit the banking jackpot in terms of annual revenue and assets under management. Trabuco is not an ordinary bank executive. His impressive record verifies his unusual but effective approach to banking. He’s not a financial genius, but he is a people’s person, and that’s the mantra he uses to motivate his executive team.

Banking is all about people, according to Trabuco, and that is the main reason he is taking the emphasis away from the 5,000 Bradesco bank branches and putting it on digital technology. Luiz knows how to go with the flow in Brazil, and the flow is all about banking online. Trabuco knows his degree in philosophy and graduate degree in psychology are helpful now that he is the new Chairman of the Board. But he also knows he will need a strong new CEO to continue what he started.

Trabuco is the new Chairman of the Board because 91-year-old Lázaro de Mello Brandão is retiring. Brandão is a legend in Brazil’s banking industry. He got a banking job with Bradesco in 1943, and he is one reason Bradesco is now the second largest private bank in the country.

Trabuco is the perfect replacement for Brandão. Luiz knows what the bank needs to do in order to continue to grow. One thing the bank needs is a strong and competent new CEO and there are seven candidates in the running for Trabuco’s old job. One of the top contenders for the CEO position is Mauricio Machado de Minas. Minas is the bank’s top tech executive. He is the man who put the digital banking franchise, Next, together.

Read more: Bradesco to Choose Board Member as New President, says Trabuco

Next is going to give the Fintech’s some serious competition in 2018. The other top candidate is Alexandre da Silva Glüher. Glüher is the man who put the 2015 acquisition of HSBC’s Brazilian operations together, and he is also the bank’s chief risk manager.

The other candidates are all responsible Bradesco bankers. Josué Augusto Pancini is in charge of the bank’s 5,000 branches, and he is a prime contender, but some people think Trabuco needs him where is. Domingos Figueiredo Abreu is the current chief lending officer. The bank’s loan portfolio continues to grow thanks to the economic recovery in Brazil and Abreu’s leadership, so he is one of the dark horse candidates. The same is true for Marcelo Noronha, Octavio de Lazari, and Andre Cano. Those three executives have a shot at the CEO position, but they are not the top candidates. Cano heads up human resources, Octavio de Lazari is the president of Banco Seguros and Marcelo Noronha is Bradesco’s chief investment banker.

Mr. Trabuco will continue as CEO and Chairman until February 2018. That’s when the bank will fill the CEO position. Trabuco is capable of performing both positions, and that will ensure Wall Street keeps the “buy now” status in place. Even though Brazil is still not completely out of the recessionary woods, Mr. Trabuco continues to impress foreign investors thanks to an excellent 2017 performance. According to a news release, the first nine months of 2017 were recording breaking revenue months for the bank. And the total assets under management in September 2017 was R$1.3 trillion.

Bradesco may not be the largest bank in Brazil, but Bradesco is the bank most Millennials in Brazil want to do business with. And if Trabuco and his new CEO continue to revamp the bank’s business model, Bradesco could take over the number one position in domestic banking from Banco Itaú sooner than most people think.

Learn more information about Luiz Carlos Trabuco : https://www.brasil247.com/pt/247/economia/321809/Trabuco-assumirá-presidência-do-conselho-do-Bradesco.htm