Addison Duling

Luiz Carlos Trabuco Cappi Becomes The President Of Bradesco

Luiz Carlos Trabuco Cappi has served Bradesco Bank for more than forty Years. He started working with Bradesco as a clerk. Recently, the Board of Directors of Bradesco Bank appointed Luiz Carlos Trabuco Cappi as its President after the former President, Cypriano became too old for the task.

Trabuco was serving in the role of the Executive Vice President of the bank before his appointment. His predecessor turned sixty-five years making him unfit to take the executive duties of the highest post in Bradesco. He, therefore, needed to be replaced by someone with zeal and experience. Bradesco had kept the best spot as the largest private bank in Brazil, but it was recently beaten by Itau Unibanco. Itau Unibanco has high chances of achieving the record of becoming the best Brazilian multinational organization in the sector of finance.

Luiz Carlos Trabuco Cappi was waiting to be fully mandated in the meeting that was to be held in March. His name needed an approval. Trabuco’s predecessor had served the Bank for ten years. He had achieved much for the Bank including the purchase of ten banks among them are BMC, Boavista and Spanish BBVA. Under Cypriano’s management, Bradesco also opened several bank branches that resulted in doubling of the bank’s credit volume.

After taking over the Bradesco leadership, Luiz Carlos Trabuco Cappi made very significant moves to save the already beaten bank to get back to the leadership competition. The new President had ruled out about the engagement of the Bank in the race in an interview although his actions gave a rivalry signal. Trabuco had commented in an interview that his management was not aiming at leading the financial sector but to perform to the best they can in the capitals that the bank serves.

Luiz Trabuco utilized $5.2 billion to purchase the Brazilian Branch of HSBC in the largest Business in the year 2015 with the approval of the Board Chairperson, Lazaro Brandao. This purchase rejuvenated the competition for top spot in the private financial field. An addition of HSBC and Bradesco assets made Itau Unibanco lose its position in the leadership competition. President Trabuco was pleased with the deal, and he noted that the purchase of HSBC had relieved the Bank about year’s activity of tiresome efforts. This event incited the MONEY to choose Luiz Carlos Trabuco Cappi as the Entrepreneur of the Year in Finance.

Luiz Carlos Trabuco Cappi was born in the year 1951 in Marilia. Marilia is the city of origin of Bradesco. Trabuco studied philosophy at the University of Sao Paulo. He was in the faculty of science, philosophy, and letters.

Luiz Trabuco is the fourth President of Bradesco. The other and first three Presidents are Amador Aguiar, Lazaro Brandao, and Cypriano. Amador Aguiar is the founder of the Bradesco bank. Lazaro Brandao is the Chairman of the Board of Directors that appointed Luiz Carlos Trabuco Cappi. Mr. Cypriano is the former President who Luiz took over from.

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Igor Cornelsen Describes the Problems Brazil Is Facing

A top Brazilian banker and investment expert named Igor Cornelsen wrote an article for PRnewswire, and he had a lot to say about investing in Brazil as being one of the largest economies in the world and being an emerging economy at the same time. In his article, which can be found in its entirety by clicking here, he also discusses the many problems Brazil has, especially the problems that stemmed from the policies of two-term President Dilma Roussef. Additionally, Igor Cornelsen offered a few tips about investing in South America’s largest economy.

Igor Cornelsen seems to love Brazil, and he sees the potential for it. He sees a future where, if the country is properly managed, can become a highly influential nation on the world stage economics. Unfortunately, his article mentions quite a few hurdles to overcome before it can fully reach its potential. The immediate problem is broken political promises and quite possibly corruption at the presidential level. President Dima Roussef gave the country her word during her second campaign to change the policies she had when she ran as a far-left populist candidate. Unfortunately, her populist policies are still in place, and they look like they are going nowhere.

Another thing that is keeping local and foreign investors away are the financial scandals coming from Petrobras. There is not just one or two scandals either. There has been a string of scandals perpetrated by the energy company. They went to court in 2015, and the parties responsible faced justice. Afterwards, Petrobas had to adjust their balance sheet. This forced the market to slate and reflect the correction. The whole ordeal has been devastating to the Brazilian economy.

Minus the scandals, there is a lot of interest among investors as far as Brazil is concerned. As stated before, Brazil has a huge economy, population, a sizeable market and land mass full of valuable natural resources. Additionally, there are over 200 million people in Brazil, and it has a track record for multinationals finding it to be a great market. Read the full article to see the three tips for prospective investors.