In Brazil, one of the most dynamic sectors has been at the center of ongoing and rapid economic development of the country is the banking sector. Luiz Carlos Trabuco Bradesco is a well-known name in the business and banking circles of Brazil as the President of Banco Bradesco since 2009. However, he has been associated with the financial and banking circles for over four decades and has played a critical role in the development of Banco Bradesco and its subsidiaries. One of Luiz Carlos Trabuco Bradesco’s focuses has always been the pension reforms as he feels that it is what would be the pillars of economic stability and sustainability in the long-term, ensuring that the economic growth doesn’t remain stagnant.
Luiz Carlos Trabuco said in an interview that if the government does not take pension reform seriously and approve it as one of the significant structural changes, the treasury of the country will continue to drain. Without the pension reforms, there would be economic uncertainty in the future that would be hard to contain. The demand for the credit in the country has already begun to rise, and it is the sign of economic instability that the people need to work on. Working capital has not been increasing in the past few years, and it shows a clear indication of why the government needs to work on reforming the economic measures that would pave the way for future growth.
In other development, Luiz Carlos Trabuco announced that his position as the President of Banco Bradesco would be taken over by Octavio Lazari Junior, who has been heading Bradesco Seguro for the past few years. The success of Lazari junior and his impressive knowledge of the banking and insurance sector is what pressed the board of directors at Banco Bradesco to select him as the next President. However, Luiz Carlos Trabuco didn’t shy away from announcing that as the President of Banco Bradesco, it is going to be busy for Lazari Junior as he has to work hard to maintain the success and the position of the bank in the country. As the world of banking continues to become more competitive and challenging than ever before, it is essential that Octavio Lazari Junior ensures that he keeps the bank competitive. See Related Link for additional information.
Luiz Carlos Trabuco Bradesco mentioned that even though he knew for sure that Octavio de Lazari Junior would make it into one of the seven Vice-Presidents to be announced, him becoming the President was decided eventually by the collective decision of the board of directors of the bank. Luiz Carlos Trabuco would continue to be associated with the bank as a senior executive. Luiz Carlos Trabuco has helped in the overall development and growth of Banco Bradesco in the past few years as its President and has ensured that the bank grows consistently. The primary focus of Luiz Carlos Trabuco has been the privatization of the state-owned businesses and ensuring that the working capital in the country grows. He believes that the funding of infrastructure development is the key to the long-term growth of the nation.