Banco Bradesco Gets A New CEO In The Place Of Luiz Carlos Trabuco Cappi

The Brazilian banking major, Banco Bradesco was searching for a new CEO considering its current CEO, Luiz Carlos Trabuco Cappi, was promoted as the Chairman of the banking group in October 2017. He is currently holding both the positions but have to relieve from CEO role within six months considering the banking regulations of Brazil. Per the latest information, the bank has found an ideal fit for the role. The announcement made by the banking firm on February 5, 2018, confirms that Octavio de Lazari Junior was selected to the role, and he would take charge from March 12, after the new Director Board gives approval to the appointment.

Lazari Junior is currently a Vice President of the banking group and President of its insurance division called Bradesco Seguros Group. Interestingly, he will replace Trabuco Cappi as the President of the executive board of the firm as well. The announcement further confirms that he would continue to hold the leadership role of the insurance division of the firm for the time being. While coming to the appointments of Trabuco Cappi as well as Lazari Junior, the banking firm confirmed that both of them meticulously drew the distinction among others that gave them personal merits to hold the top positions in the firm.

Read more: Bradesco: New president to leave executive body, says Trabuco‚Ä®

The bank also expressed its hope that the personal stature, commitment, and professionalism of both the executives would help the firm to hold the prominent position of the bank in the national and international banking ecosystem. While coming to the career journey of Lazari Junior, it started at the age of just 15 as he worked at a bank branch of Banco Bradesco as an office boy on a contractual basis with an agency. However, in a few years, he became the manager of that agency. Lazari Junior was appointed as the Director of Credits at the bank in 1998 with responsibilities of SME, retail, and corporate segments.

Later, he was promoted as the Director of Department of Finances and Loans in 2010. Two years later, he was inducted into the Executive Officers Board. Last year, he was appointed as the VP of the bank as well as President of the insurance wing of the banking firm according to Apart from that, Lazari Junior was also associated with many industrial and governmental organizations in the country with a large majority of them were either operating or connected to the financial world.

Luiz Carlos Trabuco Cappi has almost a similar story as he started his journey at the age of 18, in 1969, as an office clerk at Banco Bradesco. He held a number of leadership roles inside the organization before being appointed as the CEO of the bank in March 2009. His years with bank saw many significant changes in its operations and approach to technology. Luiz Carlos Trabuco Cappi ensured intensive digital banking efforts in its services. Due to that reason, more than 50% of its customers are currently using the digital banking options to avail various services per the latest information. Trabuco Cappi also completed some significant acquisition transactions during the period.