Luiz Carlos is one of the most prominent executives in Brazil. Mr. Trabuco is currently the president of Banco Bradesco, which is the 2nd largest banking institution in the country. Before becoming president of Banco Bradesco in 1951, Trabuco held various positions, including managing officer (1998), department director (1984), and executive vice president (1999).
Carlos Trabuco was born (October 6, 1951) in Marilia, a municipality in the midwestern region of the state of Sao Paulo, Brazil. Trabuco received his undergraduate degree from the University of Sao Paulo, commonly referred to as USP. After attaining his undergraduate degree, he enrolled at the School of Sociology and Politics of Sao Paulo where he earned his postgraduate degree.
When Trabuco assumed leadership of Banco Bradesco, the world was gripped by recession. However, he was able to guide the bank through the rough times.
Awards and Recognitions
Luiz has received many awards during his career. In 2006, he was named the Insurance Person of the Year. While serving as the chairman of the Bradesco Insurance and Pension Group, he was named ” Sectoral Business Leader ” in insurance and pension plan.
In 2009, he received the Citizen of Marilia Award. During the same year, Trabuco was named among the 100 most influential Brazilians. In 2015, Mr. Trabuco was awarded the coveted Entrepreneur of the Year award in the finance category.
About Banco Bradesco
The Bank of Bradesco is a Brazilian-based commercial bank that has been in operation for more than seven decades. The bank was established in 1943 as Banco Brasileiro de Descontos S.A but changed its name to Banco Bradesco in 1988 when it became a multiple-service bank. It was established by Amador Aguiar in the city of Marilia in Sao Paulo state but later moved its headquarters to Cidade de Deus, Osasco in Sao Paulo. The bank was established to target the small landowners, government staff, and retailers who lived in Sao Paolo.
The bank offers a wide variety of financial and banking products and services to both domestic and international clients. These include internet banking, credit card services, annuities, pension plans, insurance coverage and lease financing. The bank also provides lease financing, mortgage services, and securities brokerage services. It provides these services through its subsidiaries and affiliates located in New York, Grand Cayman, Tokyo, Luxembourg, Buenos Aires, London, and Mexico.
The Bank of Bradesco is constantly expanding thanks to the mergers and acquisitions it has made over the years. During the 70s, the bank acquired more than a dozen rival banks that were based in Brazil. In 1997, it acquired BCN (Banco de Crédito Nacional S.A) for BRL 1.142 billion. The bank had 120 offices and over 6,000 employees serving 500,000 customers. Three years down the line, the Bank of Bradesco bought Banco BoaVista Interatlântico S.A for about BRL 946 million.
Recently, the bank purchased the Brazilian subsidiaries of Banco Bilbao Vizcaya Argentaria (BBVA), American Express, J.P. Morgan Fleming Asset Management, and HSBC.