Luiz Carlos Trabuco is a renowned name in Brazil and across the globe due to his outstanding record in the insurance and banking industry. Just like other executives’ journey to the top, Luiz Carlos Trabuco started his career as a clerk, but because of his commitment and dedication, he rose fast to become the Vice President of Bradesco and later the president.
Trabuco Bradesco actively involved in great government projects which have revealed his competence in the provision of excellent services.
Achievements at Bradesco
Luiz Carlos Trabuco has been working at Bradesco for over 40 years. It is interesting to note that he started off working at the company as one of its clerks. Through the years Trabuco Bradesco proved to be a diligent employee with hope and confidence in all his responsibilities. For this reason, he had been promoted as the vice president of the company and later become the president, replacing Cypriano who had retired at 64. Through his leadership, Luiz Carlos Trabuco has managed to take Bradesco to greater heights.
After taking charge as the president in 2009, Luiz Carlos Trabuco commanded a productive staff that became responsible for 40% of the company’s overall success. He has engaged in making high-risk decisions which have seen growth in Bradesco. In , he led the company towards the acquisition of HSBC, Brazilian branch, for a cost of $5.2 billion. The deal has played a key role in influencing the company’s ability to rejoin the leadership position in the private banking sector. Luiz Carlos Trabuco had revealed that with the acquisition of HSBC, the market shares of the company had increased greatly. In fact, Banco Bradesco was able to surpass its major competitor, Unibanco, in three major operational areas: total investment funds, account holders, and branch networks.
In addition, Luiz Carlos Trabuco’s professional managerial skills have allowed him to adopt a bottoms-up approach form of leadership at Bradesco which has improved employees’ innovation levels. Because of his leadership skills and competency at the Brazilian Banking Industry, Luiz Carlos Trabuco has been able to receive several awards and acknowledgments. In 2015, he was named the Business Person Of The Year by Dinheiro after he executed the HSBC business deal.
For those who know Luiz Carlos Trabuco, he is one person who is dedicated to his duties. He puts his work first before anything else in the business world. Unlike other executives, Luiz Carlos Trabuco always arrive at the company by 6.00 AM and be the last to leave his office at 7.00 PM. Sometimes he extends his businesses to dinner meetings just to ensure that all the business operations are running smoothly. The leader also prefers autonomy among his employees; he gives every individual and opportunity to make decisions at the company.
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Trabuco Bradesco reputation is of great impact in the Brazilian Banking Industry. He has remained one of the brainchildren to several financial projects of the government of Brazil. With his dedication and success, Bradesco will continue to expand its territories.