Bradesco’s Chairman Luiz Carlos Trabuco Cappi Has A Strong CEO In Octavio de Lazari

Lázaro de Mello Brandão, Bradesco’s oldest employee, retired in 2017. Mr. Brandão was around when Banco Bradesco was a small bank in a small town in Sao Paulo. In fact, Brandão and founder Amador Aguiar are responsible for the incredible growth of Bradesco, even though Brazil has been up and down the political ladder for the last 70 years. Brandão has a knack for hiring the right people.

He found Luiz Carlos Trabuco Cappi in 1969, and he hired him as clerk even though Cappi didn’t have the banking tools young bankers need to survive in Brazil’s fiery banking world. Even though Cappi didn’t have a formal accounting degree or any real financial experience, Brandão decided Cappi would make a great bank executive, and he was right. As Brandão moved up the banking corporate ladder, Cappi moved with him. Brandão and Cappi built a strong executive team, and the incredible growth of Bradesco is a testament to the banking ability of both men.

But 91-year-old Chairman Brandão, the oldest banker in recorded history in Brazil, is no longer a permanent fixture at Bradesco headquarters. Cappi is on his own now when it comes to leading the bank into the 21st-century. But he’s not really on his own. Cappi has a strong executive team in place now that he is sitting in the Chairman of the Board’s chair. Cappi was astute enough to put together a strong executive team over the last nine years, and most of those executives are still in decision-making positions. One of the executives, Octavio de Lazari, the former president of the bank’s insurance division, Seguros, took Cappi’s place as CEO, and Vinicius Almeida Albernaz is taking Lazari’s spot as the president of Seguros.

Read more: Octavio De Lazari Junior será sucessor de Luiz Carlos Trabuco Cappi no Bradesco


When Cappi and Brandão were looking for a replacement for CEO, Cappi they put a list of six executives together who he thought could do the job. Those executives were vice presidents in charge of various departments within the bank. Most Bradesco’s employees working in Sao Paulo though Mauricio de Minas, the IT vice president, would get the job, but Cappi liked Lazari. And the reason Cappi liked Lazari was Lazari did an excellent job producing profit for the bank while he was managing the insurance division, but he also liked Lazari because they have a long work history. Lazari joined the bank in 1978 while Cappi was still going through the management training program according to jusbrasil.com.br. Both men cut their banking teeth together, and both men were vice presidents at the same time.

Four of the vice presidents who were candidates for the CEO position are on the bank’s Board of Directors now, but they will still be part of Lazari’s and Cappi’s executive team. The shareholders decided the board needed fresh eyes and minds. Cappi’s team of executives have razor sharp banking vision, according to Mr. Lazari. Bradesco will continue to follow their business plan, according to Mr. Lazari. Cappi and Lazari want to close more branches in 2018, so the bank can increase their online banking presence.

Find more about Luiz Carlos Trabuco Cappi: http://economia.estadao.com.br/noticias/geral,bradesco-anuncia-substituto-de-luiz-trabuco-na-presidencia-do-banco,70002178384

Luiz Carlos Trabuco Cappi Takes Over As President Of Banco Bradesco’s Board

It is the end of an incredible 75-year era for Banco Bradesco and the beginning of a bright future. Luiz Carlos Trabuco Cappi the current CEO announced the retirement of one of the oldest and most respected members of the Brandesco bank. Lazaro Bandao is 91 years old and has been the president of the board of directors since 1990.

He has passed on the position to the current CEO Luiz Carlos Trabuco Cappi, but according to Brazilian law employees can only hold one executive position. As Bandao steps down, Luiz Carlos Trabuco Cappi will pass his position as CEO on to one of the seven Vice Presidents of the bank. Employees are Banco Bradesco are extremely loyal and remain with the company their entire lives. Lazaro Bandao was only the second President of the board of directors for the entire history of the financial institution. Luiz Carlos Trabuco Cappi is only the fourth CEO and has been with the bank for 48 years.

Read more: Bradesco to choose board member as new president, says Trabuco

According to the banks bylaws CEO’s must retire at the age of 65, but in 2016 the bank made some alternations that allowed Luiz Carlos Trabuco Cappi to remain as CEO until the age of 67, which is this year. In March of 2018, Luiz Carlos Trabuco Cappi will resign as the company’s CEO and the new Chief Executive Officer will be chosen according to the banks traditions of hiring from within the company. This improves employee morale, as there are more opportunities for advancement, merit-based promotions and increased teamwork. The loyalty and dedication of the banks employees creates a family environment that encourages productivity and efficiency. The promotion process is fair and merit based. For example, the accomplishments of the seven Vice Presidents include negotiating large acquisitions such as the banks $5.2 billion take over of HSBC’s Brazilian unit or creating a Bradesco banking division entirely online.

The seven Vice Presidents that are running for the position of Chief Executive Officer include:

• Josue Augusto Pancini has been with the bank since 1975 and is responsible for Bradesco’s high-income accounts.

• Alexandre de Silva Gluhar is the Chief Risk Officer and has been with the bank since 1976. He and Dimingos are the ones who negotiated one of Bradesco’s most lucrative and aggressive take overs of HSBC.

• The banks newest Vice President is Andre Rodrigues Cano joined Bradesco in 1977 he is currently the banks HR manager and was promoted in December of 2017.

• Octavio de Lazari is responsible for the banks loan insurance portfolio, which is Bradeso’s most lucrative division. Octavio joined Bradesco a year after Andre in 1978.

• Domingos Figueiredo Abreu is the banks treasurer. He is also credited with the HSBC acquisition. Domingos has been working at Bradesco since 1981.

• Marcelo de Arajuo Noronha is the corporate and investment banking manager. He is one of the newest Bradesco senior executives as he joined in 2003.

• Mauricio Machado de Minas is the newest addition to the Bradesco family. He is entirely responsible for developing the banks IT infrastructure and has created a Banco Bradesco division, which operates entirely online. He joined the company in 2009.

One of these qualified individuals will lead Banco Bradesco into the future with the guidance of Luiz Carlos Trabuco Cappi and the board of directors.

Luiz Carlos Trabuco Cappi has over 50 years of financial services experience and has been with the bank since he was 18 years old. He completed his bachelor’s degree at the University of Sao Paulo with a major in Philosophy, science and letters then, his master’s from the Foundation School of Sociology and Politics with a degree in Socio-Psychology. Luiz Carlos Trabuco Cappi joined Banco Bradesco in 1969 and quickly rose to the top. During his reign Banco Bradesco has seen a meteoric rise in the number of account holders and exponential growth that now includes over 5000 agencies and branches all over Latin America.

Find more about Luiz Carlos Trabuco Cappi: http://www.valor.com.br/financas/5194121/trabuco-apesar-das-incertezas-investidores-acreditam-no-pais

Andrew Rolfe’s Accomplishments in the Ubuntu Fund

The Ubuntu Fund is a program whose objective is to take care of the youth who are underprivileged in South Africa. Last May, they conducted a fundraising aimed to obtain $972,960, to be used at the Ubuntu Funds campus in Port Elizabeth. They are also planning to increase the number of children in the school so as to help as many lives as possible. The event took place through the entire night, but at least the target was achieved. Chairman of Ubuntu Fund, Andrew Rolfe, treated the 300 guests at the gala with tasty foods and delightful music presented by the renowned Xhosa band. Some of the previous students from the Ubuntu Fund were special guests at the gala and were given a chance on stage where they gave inspirational speeches.

In 1999, the Ubuntu Fund was founded as a small charitable trust which was focused on the availability of educational tools. They later realized more serious hindrances which prevented children from achieving their academic goals. Some of them include HIV, home instability, hunger, poor health, and nutrition among others. They, therefore, developed more measures aimed at eradicating these problems to enable maximum productivity. Sinesipho, an Ubuntu Fund Scholar, delivered a wonderful speech at the gala explaining how the foundation has assisted in her success and well-being.

Andrew Rolfe works at Towerbrook Capital as the Managing Director where he is the senior manager of food services, hospitality, and also the retail sector. He is also the head and Managing Director of Private Equity, where his role is to provide operational and strategic sustenance to the organization. Before attaining this position, he served at the Gap Incorporation’s Division from 2003 to 2006 as the President. He managed the firm’s strategies by identifying market and international extensions. He also contributed in the launching of a new franchise in Malaysia and Singapore.

He has served as CEO and Chairman of Pret A Manger where he transformed the firm into an international retailer. He has also worked at Operations Europe representing 1,300 Pizza Hut and KFC restaurants in 30 countries. Between 2007 and 2014, he served as Chairman of the Board of Beverages. He has also been in many other organizations after he completed his studies at Harvard School of Business. At Harvard, he received an M.B.A degree before moving to Oxford University where he acquired a B.A in Politics, Philosophy, and Economics.