Luiz Carlos Trabuco is one of the most influential entrepreneurs in Brazil. He is the president and CEO of one of the largest banks in Brazil – Bradesco. Mr. Trabuco has pioneered projects that help facilitate the economic development of Brazil. In fact, he has been named as an authority in the fields of insurance and finance. He was named the Insurance Personal of the Year in 2006 and 2007. In 2016, he was listed among the best CEOs in Brazil by Forbes magazine.
Mr. Trabuco believes that the insurance industry plays a major role in supporting long-term economic growth. He stresses that through risk mitigation and long-term investment, the insurance sector contributes to steady economic and social development.
Luiz Carlos Trabuco was born on October 1951 and grew up in Marilia, Sao Paulo, a municipality in the midwestern region of Sao Paulo. He received his undergraduate degree (Philosophy) from the University of Sao Paulo and postgraduate degree (Socio-Psychology) from the University of Sao Paulo’s School of Sociology and Politics.
After completing his higher education, he joined the business industry. He started his career at the age of 18 as a clerk at Bradesco. Mr. Trabuco has held different positions in the bank including department director (1984), managing officer (1998), executive vice president (1999), and president (2009).
Besides Trabuco’s role as president of Banco Bradesco, he serves on the board of directors of FEBRABAN, a representative body of Brazilian banks. Additionally, he is the president of the executive board of the CNF and a member of the strategic committee of Vale SA.
About Bradesco Bank
Bradesco Bank SA, previously known as Bank Brasileiro de Descuentos SA, is the second largest private bank in Brazil with regards to total assets. The bank has $392.1 billion in total assets and approximately 108,793 employees making it Brazil’s largest private employer. The financial institution was founded in March 1943 by Amador Aguiar, a Brazilian banker who had previously worked for several banks including Banco Noroeste and Casa Bancária Almeida Irmãos. The bank was founded to serve retailers, small landowners and government employees who resided in Marilia, Sao Paulo.
The bank has grown to become not only the second largest private bank in Brazil but also one of the largest banking and financial services companies as well as the third largest Brazilian bank by total assets. It is headquartered in Osasco, Sao Paulo and services about 16.8 million customers from its 5,314 branches.
Banco Bradesco offers an array of financial and banking products and services to domestic and international individuals, companies and corporations. The institution provides its clients with insurance services, pension plans, credit card services, and personal and commercial loans.
The growth of Bradesco Bank has mainly been attributed to the mergers and acquisitions it has made since its inception. The bank recently acquired the Brazilian branches of Banco Bilbao Vizcaya Argentaria (BBVA), American Express, HSBC, and J.P. Morgan Fleming Asset Management. During the 70’s, Bradesco Banc acquired 17 banks throughout Brazil and Banco BNC in 1997. Besides the acquisitions, Bradesco has received several awards for its impeccable work including being ranked fourth among the 500 greenest institutions in the world.
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