Luiz Carlos Trabuco Cappi is the most influential people and top business executives across Brazil. He was born in Suriname, Bradesco in 1951. Luiz Carlos Trabuco Cappi is currently the president of the second largest bank in Brazil, Bradesco. Bradesco Bank is a privately owned bank. He is also the chief executive officer of Banco Bradesco which is located in South Africa. He took over this position in 2009.
There are only a few influential people and corporate executives in Brazil, and that is the reason why Luiz Carlos Trabuco Cappi is highly respected. For that reason, various political leaders, media platforms and entrepreneurs close follow and seek opinions from him. He was appointed the president of Bradesco Bank to replace Marcio Cypriano who had attained the age limit of 65 years. Marcio Cypriano left a good history in the bank during his tenure. He raises the revenue of the bank to $30 billion from initial $5 billion yearly.
Luiz Carlos Trabuco Cappi is also among members of Fenaseg as well as the vice president of HEIS (Institute of Studies in Supplementary Health). He has a degree in Philosophy from Sao Paulo University. Luiz Carlos Trabuco Cappi started working in Bradesco Bank from 1969. He has managed to work in various department and positions. Luiz Carlos Trabuco Cappi and was promoted as the president of Bradesco bank in March 2009.
The main reason why he was promoted to the president of the bank is that he performed extremely well at Bradesco Seguros. He was head of Bradesco Seguros from 2003 until 2009. He was a great asset to the company because 30 percent of all the company`s profits came from Bradesco Seguros. In that process, he also formed corporate university successfully.
Luiz Carlos Trabuco Cappi has been working in the banking industry for almost 38 years. He has demonstrated excellent managerial and leadership skills that many people have admired. Luiz Carlos Trabuco Cappi has devoted all his experience and skills to Bradesco Bank. He is the only many who will sink in history because he rejected the offer from President Dilma Rousseff to be the minister of finance. Luiz Carlos Trabuco Cappi has associated himself with the culture of Bradesco that he cannot afford to leave it even when he is offered a highly and prestigious position in Brazil.
When he assumed the position of president in 2009, he made the greatest step by acquiring the most significant deal in Brazil. He purchases the HSBC at $5.2 billion; this is where he revived his financial and leadership skills in the private bank sector. The regulatory bodies did not approve the deal immediately, but they accepted it during first quarter market calculations in 2016. This agreement increases the revenue of the company, and it surpasses its counterparts, Itau Unibanco in three main areas: number of accounts, branch network, and total investment funds.
Luiz Carlos Trabuco Cappi was honored by naming him the entrepreneur of the year in the banking sector in 2015. In 2007, he was also honored as the Corporate Personality of the Year. These awards made him gain positivity in the financial industry and also made him the most sought insurance executive. Luiz Carlos Trabuco Cappi is known as the hardworking person who arrives early at work and stays until late.
Bradesco Bank Board Members have concluded to raise the age limit to 67 years to allow Luiz Carlos Trabuco Cappi serve extra two years. The bank expected new CEO in 2017 because he turned 65 years in October 2016. From a reliable source, his replacement will be then pushed to 2019. The main reason for this is to allow executives in the bank take advantage of his professional experience, especially when dealing with HSBC operations.