Bradesco’s CEO Luiz Carlos Trabuco Said His Successor Will Come From A Group Of Internal Candidates

In 2016, Banco Bradesco raised its CEO retirement age from 65 to 69, so CEO Luiz Carlos Trabuco could stay in that position until 2019. The leading candidate to take CEO Luiz Carlos Trabuco’s position, Marco Antonio Rossi, the Seguros insurance executive, died in a plane crash last year. Recently, Mr. Trabuco let the press know his successor will come from a pool of qualified candidates within the Bradesco Group. Trabuco’s announcement came after the resignation of the aging Chairman of the Board Lázaro Brandão. Lázaro Brandão is another longtime Bradesco employee, and he is one of Brazil’s most powerful bankers. Mr. Brandão is well-known in the banking industry, He started his banking career the year Bradesco opened for business. Lázaro was CEO of the bank for 18 years, and he became chairman in 1990.http://www.camar.sp.gov.br/images/imagesnoticias/851/principal.html

Mr. Trabuco is starting a long-overdue internal management shakeup. While the shakeup is in progress, he will serve as the CEO and Chairman of the Board. Once his successor is in place, Trabuco will continue as chairman of the bank. The internal search for a successor will end 30 days before the March 2018 annual shareholder meeting. Bradesco is the second-largest private bank in the country, and one of Wall Street’s favorite stock picks for 2018. The bank’s stock recently closed at $11.59 a share. The bank’s stock continues to amaze investors because the stock was not a candidate for a “buy” rating while it was in the $7.40 a share to $9.50 a share range. Once the stock hit $10.50 a share, investors who didn’t want to invest in Brazilian assets because of the economic and political situation in the country started to see Bradesco as a moneymaker even in the bad times. Trabuco knows he is facing several challenges. One challenge is developing a strategy for the 5,000 bank locations that serve local markets. The bank is scaling back its branch network after acquiring HSBC’s Brazilian division in 2015 for more than $1 billion.

Bradesco is in a position to make a real impact on web-related banking. The bank has 60 websites where millions of Bradesco clients do their banking. That’s why outgoing Chairman Lázaro Brandão is serious about changing the internal structure of the bank branches and thousands of service centers around the country. Brazilians are using the Internet to buy merchandise and to surf for new companies that offer them what they want when they want it. Trabuco, the longtime philosophy and psychology student, knows the bank must incorporate more client-friendly banking programs into their business model, but that takes time, and time in Brazil is on steroids right now. The country is exploding out of a three-year recession, and the political uncertainty is forcing Brazilians to look for alternatives that save them money and time.

The Brazilian government is trying to incorporate a new pension plan and President Michel Temer is negotiating new bilateral trade agreements with the U.K., China, and the United States. But the political turmoil is taking a toll on the new president, so it’s unclear what will happen to him over the next year. Former presidents Dilma Rousseff and Lulu are back, and they are talking to the press. Plus, Lulu appears to be running for office again. Even though Lulu was one of the most popular presidents in Brazil’s history, his personal track record is not the best.

In spite of the political fiasco, CEO, and now Chairman, Luiz Carlos Trabuco is doing what he knows how to do. He is expanding the reach of the bank online, and he is making sure more than 5,000 bank branches make it easier for clients to borrow money and take advantage of other bank services.

 

Luiz Carlos Trabuco Was Destined To Become Bradesco’s CEO

D3
October 2, 2017

Luiz Carlos Trabuco has frequently exercised his influence on the Brazilian financial market throughout the years. One of the main reasons for this is that Trabuco was lined up to be Bradesco’s fourth CEO. Luiz Carlos Trabuco was strategic for the success of a number of Bradesco’s most significant credit negotiations. Trabuco has often released statements to the media, which frequently make the covers of magazines and newspaper headlines as well. Throughout Luiz Carlos Trabuco’s decades at Bradesco, many important business executive and political leaders have adhered to his forecasts and reaped advantages from them. This has played a part of Bradesco’s financial success throughout his time in working for the Bradesco.

Bradesco has reaped several benefits from Luiz Carlos Trabuco’s influence on several occasions since he is one of the bank’s most influential and important leaders, which was imperative to opening doors in the financial market to Bradesco. Trabuco definitely holds the merit for Bradesco’s great performance as the second largest private bank in Brazil, and not far behind Itaú-Unibanco, as the largest private bank in Brazil. Luiz Carlos Trabuco will definitely maintain his strong influence within the financial market in years to come.

Luiz Carlos Trabuco was chosen to be Márcio Cypriano’s planned successor, who was Bradesco’s third president since Bradesco’s first president Amador Aguiar, the bank’s founder when Bradesco became a bank in 1943. Luiz Carlos Trabuco was developed and prepared to take on this role for decades while working in different roles and areas to fully understand Bradesco’s culture. Since Luiz Carlos Trabuco was successful in different areas of Bradesco this was decisive to becoming its leader. When Trabuco started to work for Bradesco, he quickly climbed the corporate ladder. When Luiz Carlos Trabuco turned 47, he accepted the role of vice-president of the bank. Before his role as vice-president, Trabuco was successful in managing Bradesco’s private retirement funds and its marketing area as well. In managing Bradesco Seguros Bradesco’s Insurance branch, Luiz Carlos Trabuco produced results that favored his recognition as a valuable leader. Trabuco increased Bradesco Seguros’s market share from 23% to 25%. Bradesco Seguros market share growth became the source for 35% of Bradesco’s financial results. Bradesco Seguros financial results had previously only accounted for 26% of the bank’s income prior to Luiz Carlos Trabuco’s leadership.

An interesting fact is that both, Luiz Carlos Trabuco and Amado Aguiar, who founded Bradesco were both born and raised in Marilia, in the state of São Paulo. Luiz Carlos Trabuco had three children and is married to their mother. Trabuco holds a degree in Philosophy from USP (Universidade de São Paulo). Luiz Carlos Trabuco is considered to be a very outgoing individual, and frequently displays a large smile which he is well famous for and also for his considerable sense of humor. Luiz Carlos Trabuco does not fit the stereotypical banker since he does not hold a degree in Accounting, Business Administration, Economy, or even in Engineering. Luiz Carlos Trabuco holds a Philosophy degree as well as a Social Psychology degree from the School of Sociology and Politics of São Paulo (Escola de Sociologia e Política de São Paulo).

Luiz Carlos Trabuco put great effort into making Bradesco reach a modernized status. Trabuco started by reshaping Bradesco in the mid-80ies, while he was the head of the marketing area. Luiz Carlos Trabuco is also to credit for improving Bradesco’s once disturbed relationship with the media with revolutionary marketing strategies.

Prior to Trabuco re-inventing Bradesco, Amador Aguiar had established uniform services for all clients. Trabuco re-created Bradesco’s banking service concepts. Trabuco was also responsible for the introduction of overdraft protection to clients that qualified. Luiz Carlos Trabuco was also essential in creating Bradesco Prime agencies, which are directed toward high-income clients.

Learn more about Luiz Carlos Trabuco: http://www1.folha.uol.com.br/mercado/2016/09/1810520-bradesco-quer-manter-trabuco-na-presidencia-por-mais-dois-anos.shtml

Does The World Really Know Who Kyle Bass Is?

D3
March 24, 2016

If the name Kyle Bass sounds familiar its because he’s the man credited with correctly predicting the subprime mortgage crisis that took place in 2008. For a while, many looked at him as a genius who could do no wrong. They literally coveted his every word when it came to market analysis.

But that quickly changed as people started to realize Bass was just another scum bag looking to make a quick buck anyway he could. He would get on TV and share is so called analysis for the sole purpose of increasing his bottom line. His fund performance continued to go down as his TV appearances went up.

In addition to making some very questionable calls, Kyle Bass has also been known to have quite a few ethical lapses in recent years. Let’s start with his relationship with Argentinian despot Cristina Fernández de Kirchner.

Bass on the other hand can’t stop singing her praises. In 2014 her country defaulted on their sovereign debt yet again. This was the second time it happened in the last thirteen years. And while most would consider this an indefensible action, Bass defended it and even tried to rationalize it.

For whatever reasons he is constantly championing her even though her economic policies are irresponsible and often times unethical.

But it gets even worse. The way Bass handled the general motors situation is beyond disgusting. When several people were killed in car accidents due to non-deploying airbags and faulty power steering, Bass had the nerves to get on TV and blame everything on the victims.

He even went as far as to say they were drunk and didn’t put their seatbelts on. So now the question is why would Bass do such a thing.

So instead of being an honest man and calling out General Motors for knowingly letting people drive cars that were not properly equipped to handle an accident, he put blame on the victims.

The sad part is this is just a few of the many questionable things Kyle Bass has done in recent years. We haven’t even mentioned the big scam he had with pharmaceutical firms. That one scam has led to thousands dying because they were unable to get the medication they needed.

Its safe to say Kyle Bass is a very troubled man who doesn’t seem to care about anyone or anything but his money.  http://usefulstooges.com/2015/08/24/kyle-bass-the-frantic-investments-of-a-desperate-gambler/ has the full story.

Martin Lustgarten’s Investment Banking Strategy to Wealth

D3
March 23, 2016

When you think about trying to create wealth over the long run, there are many ways to attempt and do it. However, when you think about the most tried and true ways of creating legitimate earnings over the long haul, you need to realize that investment banks are literally at the top of the list when it comes to institutions who create wealth.

While investment banks may have taken a reputation hit over the last decade or two, the fact of the matter is that now more and more individuals are starting to rejoin the investing market, and the top method of choice has once again become investment banks. However, people aren’t just going to the biggest names because of their reputation. Individual investors and major firms alike are seeking out the investment banks that have the best reputation when it comes to advising clients and walking them through the overall process. This idea is nothing new in general when it comes to the service industry, but when it comes to investments where an individual may be putting hundreds of thousands, millions or even more of their hard earned dollars into a fund and a decision, for one reason or another it never seems to materialize as the popular trend that investments at high levels involve significant hand holding.

That has all changed for some investment bankers thanks to the ideas of Martin Lustgarten. While Martin has always been a technical whiz who truly understands the financial markets, he has made a career out of the relationship that needs to be established. Instead of just looking for the dollars and cents, Martin has made sure that his (and his clients’) financial decisions make actual sense. There is one thing about chasing profits, but there is another about going against the grain and bearing too much risk in the name of catching a few dollars more.

When it comes to true investing, there will be investment bankers in the future as there always have been who only look at bottom line figures. For some like Martin Lustgarten, this is a tremendous opportunity to build a long term financial relationship. Find Lustgarten on Facebook to learn more about his career and personal life.