Luiz Carlos Trabuco is one of the most experienced bankers in Brazil. Due to his prowess in this field, his company recently held a meeting to amend the age limits of its chief executive officer. Initially, a CEO would retire at the age of 65. With Luiz Carlos Trabuco approaching this age late last year, the board of directors unanimously voted to extend the retiring age of a CEO to 67 years. This meant that the bank would have two more years to decide about its chief executive officer. The bank will embark on this mission later next year when Luiz Carlos Trabuco retires. Secret filings from the company said that the move was aimed at ensuring that they take advantage of the professional experience that Luiz Carlos Trabuco brings to the company. Through the advice of Luiz Carlos Trabuco, the bank recently spent approximately $5.2 billion on HSBC Holdings Brazil. This is a move that attracted the Brazil antitrust watchdog. The watchdog approved the deal.
Luiz Carlos Trabuco is a learned man as he even holds a post graduate degree. For his undergraduate degree, Luiz Carlos Trabuco went to the University of Sao Paulo where he majored in languages, arts, sciences and philosophy. His mastery of these subjects is a clear indication of his brilliant mind. He acquired his post-graduate degree from the University of Sao Paulo. However, he specialized with politics and sociology. Luiz Carlos Trabuco leads one of the biggest banks in Brazil. Before Unibanco and Banco itau merged, his bank was the biggest bank in the country. Through the guidance of Luiz Carlos Trabuco, the bank has managed to expand to over 5,300 branches and over 4,900 service branches. Luiz Carlos Trabuco is also credited with the opening of over 39,000 Bradesco Expresso Units in Brazil. To make this a reality, he has established partnerships with various retails chains, department stores, drug stores and even supermarkets. He is credited with the establishment of ATM biometric reading system for the bank. Through the biometric metric system, he pioneered a system that makes it possible to identify a customer through their hands’ vascular pattern. This system functions as a complementary password to the customers.
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Other services that Luiz Carlos Trabuco has pioneered
Luiz Carlos Trabuco is credited with a variety of services during his time with Bradesco. The bank has grown into an insurance provider, pension provider and credit card provider. The bank has also embraced internet banking thanks to the help of their CEO. The bank has also expanded its loan department since Luiz Carlos Trabuco became the chief executive officer. This means that they offer commercial loans and personal loans to more Brazilians than before. Luiz Carlos Trabuco has also ensured that the bank offers leasing services. Under the helm of Luiz Carlos Trabuco, the Bradesco bank has expanded its services to Grand Cayman and New York. It has also established subsidiaries with banks elsewhere. For instance, Luiz Carlos Trabuco has led to the establishment of affiliates in Hong Kong, London, Buenos Aires, Mexico, Tokyo and Luxembourg.
Luiz Carlos Trabuco rise with Bradesco has been gradual. He joined the institution in April 1969. He joined the executive board in January 1984 before he rose to become the president in March 1999. His rise with the company continued in March 2009 when he was named as the chief executive officer of the company. For a period of six years beginning from 2003, Luiz Carlos Trabuco functioned as the president of a branch of Banco Bradesco known as Grupo Bradesco Seguros. Luiz Carlos Trabuco has also worked with the National Confederation of Financial Institutions as a board member.