The banking industry in Brazil is going through a lot of changes right now. With new technology entering the field, many banks are having to completely change the way that they conduct business. Now is a great time to see how banks are going to adjust to the new standards in the industry.
For many years, Bradesco was a company that struggled to make a profit on folha.uol.com.br. Although Brazil’s economy was growing rapidly, it was simply not translating to higher profits for Bradesco. Luiz Carlos Trabuco took over the company several years ago. Once he took over, Bradesco became more profitable. Luiz Carlos Trabuco deserves credit for a lot of work that he did.
However, Luiz Carlos Trabuco was not perfect as the CEO. He made some mistakes along the way. He has now decided to pursue other opportunities outside of the company. Although this is a loss for Bradesco, the search for a new CEO is going on internally.
Career of Luiz Carlos Trabuco
Unlike a lot of prominent business leaders in Brazil, Luiz Carlos Trabuco did not grow up with a wealthy family. Many business leaders went to fancy business schools and did not have to work hard for anything in life.
He actually grew up in a poor family of farmers. Although his parents worked as hard as they could, they were never able to offer him a quality education. There simply were no quality schools near his local area. He decided that he wanted to live a different type of life than his parents.
Luiz Carlos Trabuco decided to attend college in University of Sao Paolo after graduating from high school. College was a massive risk for him for several reasons. Not only did he have to borrow money to attend, but he had to move to a different part of the country. While he was in college, he studied business and began working at a local bank. After he graduated, he stayed in the banking industry and had a great career.
Bradesco has benefited from several market changes in Brazil over the past several years. As the economy continues to improve, more people have the ability to purchase homes. Few people have the cash in the bank to purchase a home without a loan. This has caused a huge increase in mortgages in various parts of the country.
Luiz Carlos Trabuco always wanted to help people who could not afford to purchase a home. He started a program at Bradesco for customers who had a bad financial past. In many cases, this was the only way for them to get approval for a loan.
Another major change in the market is the amount of new capital invested in Brazil each year. Many investors from around the world see the potential of investing in Brazil according to globo.com. Not only does Brazil have a vibrant economy, but the workforce is educated as well. This is a great combination that should result in high levels of economic growth in the years ahead.
Luiz Carlos Trabuco decided to resign and focus on other activities several months ago. The good news for Bradesco is that he left the company in good financial shape. It is always hard to replace a CEO who is loved by the workers.
Luiz Carlos Trabuco is now spending his time helping his local community. He wants to improve access to education for children across Brazil. He invests both his time and money to make this dream a reality for the people living there.
For more information about Luiz Carlos Trabuco: http://www.istoedinheiro.com.br/noticias/negocios/20151218/luiz-carlos-trabuco-cappi-empreendedor-ano-nas-financas-2015/327856