Why Many Agree with Bradesco’s Choice of Trabuco to Command the Board of Directors

Many professionals yearn to work for high ranking institutions in any industry. Banco Bradesco SA is one of the leading banking and financial services firms in Brazil currently prospecting for a new chief executive officer. While many professionals in the banking industry are eyeing the position which will be declared officially open in March next year, Bradesco has not minced its words to the effect that it will appoint one of its employees to take the position as opposed to considering professionals from competing firms or related firms. Over the years, the bank’s culture regarding the filling of leadership positions is biased in favor of Bradesco’s employees. The current CEO, Luiz Carlos Trabuco stressed the bank’s position on the succession issue in a news event held on October 11. In the same news event, Lazaro de Mello Brandao, former chairman, announced his resignation, and the bank declared the vacancy filled with Luiz Carlos Trabuco announced the new chairman.

With the bank stating it will consider only its high ranking executives to succeed Trabuco, some Bradesco’s staff are seen as the front-runners in the race. They include Mauricio Machado de Minas, Alexandre da Silva Gluher, Domingos Figueiredo Abreu, Josué Augusto Pancini, Marcelo de Araujo Noronha, Octavio de Lazari, and André Rodrigues Cano. All of them are in charge of essential departments such as the human resources departments, the IT department, Bradesco Seguros, etc. They are not new to the company as most of them have served for a considerable period at the bank. The average time that the seven have been at the Osasco based bank is 31 years. Strikingly, they are all in their 50’s; clearly, Bradesco is not ready to appoint a “young” executive to preside over the day-to-day running of the institution.

Trabuco, whose term as CEO will end early next year, is currently serving as the CEO and chairman of Bradesco SA. He succeeded Brandao,91, who was categorical that his resignation was a personal decision to give room for the younger Trabuco—66—to preside over the board of the bank. Brandao joined the bank in the early 1940’s and discharged his duties in various capacities including presidency (1981-1999). At the time of his resignation, Brandao had served the bank for close to 74 years. Both as CEO and president, Brandao was a proponent of nurturing junior Bradesco’s staff to take over leadership positions of the firm as opposed to poaching leaders from other companies to fill such positions.

About the New Chairman, Trabuco

Many agree with Bradesco’s choice of Trabuco to command its board of directors as the executive has demonstrated excellent performance since he joined the bank in 1969. He was a mere clerk when the bank hired him. However, his performance propelled him up the corporate ladder. His first promotion was an appointment to serve as marketing director. He leveraged the position to modernize the bank’s communication and establish a closer relationship with the media.

After eight years as marketing director, Trabuco was appointed to lead the bank’s subsidiary, Bradesco Vida e Previdência. In 1998, he was named the managing director of Bradesco Seguros; a year later, executive vice president. And in 2003, he assumed the presidency of Seguros, an insurance subsidiary of Bradesco. His work as the president of the subsidiary earned him the overall presidency of Bradesco in 2009.

As president, Trabuco established the Unibrad Corporate University to enable Bradesco’s staff to achieve not only the bank’s goals but also personal goals. He also spearheaded the purchase of the Brazilian Branch of HSBC for $5.2 billion. The acquisition was meant to move the bank closer to its competitor, Itau Unibanco. Know more: http://insiders.morningstar.com/trading/executive-profile.action?PersonId=PS00003Y11&flag=Executive&t=XNYS:BBD&region=usa&culture=en-US&cur=

 

Luiz Carlos Trabuco Career Growth

The banking industry is constantly changing in Brazil. Many people in the middle class are interested in investing in real estate or starting companies. As the economy continues to improve, more people are willing to take on a financial risk.https://www.bradescori.com.br/site/conteudo/interna/default3.aspx?secaoId=572

Bradesco is a company that is benefiting from this increased economic activity. As one of the largest banks in Brazil, this is a company that is doing all it can to stimulate economic growth. Luiz Carlos Trabuco is the leader of Bradesco, and he has done a good job as the CEO. Although he has made plenty of mistakes as CEO, most of the people who work for him enjoy their job.

Real Estate Industry

The real estate industry in Brazil is rapidly increasing in price. Many investors from around the world see a major financial opportunity in this country. This is causing them to put a lot of capital to work in Brazil. This is great news for investors and for people who own real estate. However, this is not good news for people who are trying to purchase their first home. There are many young people who are struggling to find a home they can reasonably afford.

Bradesco has multiple loan programs for young borrowers. It is difficult to build a strong credit history early in your life. This is one of the major issues that young people are having to deal with. Many real estate experts believe that price appreciation is only going to continue in the months and years ahead. Luiz Carlos Trabuco believes that his company has a great opportunity to grow its customer base by appealing to young people.

Leadership

One of the biggest positive attributes that Luiz Carlos Trabuco has is his leadership style. When he first took over Bradesco, he had to make some major changes to keep the company competitive in the banking industry. Although it was hard work, he was able to implement some serious changes in the overall company culture.

Luiz Carlos Trabuco decided to start paying employees more. He saw that some employees were leaving to go to competitors because of pay differences. He believes that quality employees should be compensated fairly based on the market. Luiz Carlos Trabuco is excited about the changes that he has made. Bradesco now has one of the strongest workforces in the banking industry. This is a huge asset for the company.

Continuing Education

Luiz Carlos Trabuco is the type of person who is always learning. When he was young, he struggled in school because he had to work in order to support himself financially. Even though he is the CEO of a major company, he recently went back to school to get an additional degree in business. He wants to learn as much as he can about business and the banking industry. He also encourages employees to continue their education as much as possible.

Future Plans

Luiz Carlos Trabuco has many plans for the coming years. Not only does he want to continue leading Bradesco, but he is making investments in the local community as well. He is a strong believer in supporting people who need help.

Although Luiz Carlos Trabuco has made various mistakes throughout his career, many people in the banking industry value his advice on business.

Martin Lustgarten and Investment Banking In The Corporate World

Investment banking is a well known banking area in the banking industry. The focus of investment banking is generally different than most other banking areas. Investment banking is typically utilized more in business and corporate arenas where the focus is on financial transactions that are complex and involve large sums of money. Investment banking is a good source for financial transactions of this nature because the structure of investment banking is designed to handle financial transactions.

 

Overall investment banking has three areas that makeup the structure of investment banking. These three areas are asset management, sales and training, and investment banking division. Each area has a central focus and provides specific services that are very helpful to clients who need these particular types of services. While any investment bank can utilize all three primary areas, usually only larger investment banks employ more than one area in daily operations.

 

The reason why larger investment banks tend to be the only banks that utilize multiple areas is because the larger investment banks have the human and financial resources available to support multiple areas. Smaller investment banks typically have less human and financial resources because of the banks smaller size. Therefore, smaller investment banks focus on one primary area. The area that many smaller investment banks focus on is the investment banking division.

 

Martin Lustgarten is an investment banker who has climbed the ladder of success in the investment banking world. He is the CEO of Lustgarten Martin. The company is an investment firm that Martin Lustgarten started several years ago.
Martin Lustgarten manages the daily operations for his investment firm. He provides a variety of services such as recommendations regarding mergers, acquisitions, and financial transactions. Also, Martin Lustgarten has been and continues to be successful at building his client list. His client list includes notable small and large corporations. Find him on Facebook for more news and information.

 

Will Brad Reifler Change Wall Street By Serving A New Kind Of Customer?

The Wall Street consumers hear about on the news is driven by massive corporations, wealthy investors and investment banks. Nearly every investor who makes a difference on Wall Street is a millionaire, and qualified investors are those making upwards of $200,000 a year. The average American would love nothing more than to make that much money every year, but the reality is much different. CrunchBase shows that CEO Brad Reifler and Forefront Capital have a plan to change the way investment is done on Wall Street. There is just one fund today, but the new income trust fund from Forefront Capital will serve people who have incomes lower than those common on Wall Street.

#1: Why A New Fund?

Brad Reifler has industry expertise that allows him to create a fund that will support that money invested by people with modest incomes. This new fund will take more time to capitalize, and the fund will have a different target value. Brad hopes to build the fund into something that any American can invest in, and he is welcoming anyone regardless of their level of income.  His experience with the concept of diversifying your portfolio, and investing intelligently will lead this firm to success.

#2: How Will Brad Offer Customer Service?

Brad understands that customers around America get poor customer service from investment banks every day, and he has changed the way his company functions. All customer service interactions are aimed at the middle class, and his team has been trained to work with people who are investing small amounts of money in the Forefront Capital income trust. This change is the first on Wall Street, but it may not be the last.

Wall Street will not change its ways until someone takes a chance on small investors, and Brad Reifler has taken such a chance. His new income trust will help the middle and lower classes invest properly for the first time.