Bradesco Bank recently announced that Luiz Carlos Trabuco Cappi would be going down from his post and he will be replaced by Octavio de Lazari Junior, who served as the vice president of the Bradesco Bank and the president of Bradesco Seguros, one of the financial institution’s subsidiaries.
Luiz Carlos Trabuco Cappi wishes Octavio de Lazari Junior good luck, knowing that he would take the company into new heights. Octavio de Lazari Junior will be in charge of the whole operations inside Bradesco Bank, and he wanted to express his gratitude to those who believed in his skills in leading the company. Octavio de Lazari Junior was chosen by the appointment committee of the Bradesco Bank, and they have undergone formal process of choosing the next CEO. They also stated that his selection is based on his background and merit, and he was the most qualified out of all who tried to apply for the position.
Luiz Carlos Trabuco Cappi will stay as the chairman of the board of executive directors until March 12. After that, he will also have to go down from this post, as the next in line for the position will be revealed after their annual general meeting. Luiz Carlos Trabuco Cappi stated that the selection of Octavio de Lazari Junior followed a strict protocol, and the calendar of schedules had to be followed. He did not elaborate about the process, but assured the public that his successor is a man of integrity, and that he will also do everything that he can to alleviate the ranking of Bradesco Bank and to increase its value and investors.
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The announcement of Luiz Carlos Trabuco Cappi going down from his post was announced nationwide through broadcasting corporations. The changes in the leadership of Bradesco Bank are crucial because it is considered as one of the backbones of the Brazilian banking industry. Through the efforts of Luiz Carlos Trabuco Cappi, Bradesco Bank managed to become the second largest bank in Brazil, after Banco Itau and Unibanco which have undergone merging back in 2009. The total number of assets that the new CEO of Bradesco Bank would have to manage is a staggering Brazilian $1.3 trillion. He would also need to look after the Brazilian $493 billion worth of credit portfolio.
It will be a challenge for the new head of the Bradesco Bank to lead the company to the top. There should be an open communication between the departments to ensure that everything is in sync with what the company wanted to happen. There are many names which was submitted to become the next leader of the institution, but it was given ultimately to Octavio de Lazari Junior because the company believes that he can emulate the success felt under the leadership of Luiz Carlos Trabuco Cappi. Bradesco Bank continues to increase in value, and the addition of HSBC Brazil to their subsidiaries is a testament to the growing power of the company. Bradesco Bank is expected to become the largest bank in Brazil in the near future.
Check more about Luiz Carlos Trabuco Cappi: https://www.bradescori.com.br/site/conteudo/interna/default3.aspx?secaoId=572