President Michel Temer has his hands full in Brazil. Temer isn’t wasting any time in his quest to bring Brazil back from a cruel three-year recession. Temer is also trying to help the people of Venezuela get some relief from the merciless tactics of Nicolas Maduro, the president of the country. Brazilians are watching their neighbors starve, and they want the world to do something. But Maduro is expelling any diplomat that doesn’t agree with his governing style. Brazil’s ambassador, Ruy Pereira, was just thrown out of Venezuela because Temer is not allowing Maduro to participate in the regional trading bloc, Mercosur. The big banks in the United States, Canada, and Brazil have cut Venezuela off in terms of credit and financial matters. So banks like Brazil’s Bradesco are safe from the financial crisis and the lack of Democratic governing in Venezuela. But it’s not a good situation, for banks, according to the new Chairman of Bradesco’s Board of Directors, Luiz Carlos Trabuco Cappi.
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Trabuco is wearing two banking hats right now. He is the Chief Executive Officer and the Chairman of the Board. His dual role is the result of banking legend, Lázaro de Mello Brandão, turning in his executive keys. Lázaro de Mello Brandão is out as chairman after sitting in that seat for the last 26 years. Brandão is the hand-picked successor of the founder, Amador Aguiar. Aguiar’s goal was to make his small bank the biggest banking institution in the country, and Brandão is the man who kept that goal alive. But Brandão didn’t do it alone. Luiz Carlos Trabuco Cappi, Brandão’s hand-picked successor also had a hand in making the bank one of Wall Street’s favorite emerging market banks. Luiz Carlos Trabuco Cappi is taking over the chairmanship, and his mission is to make Bradesco the most recognized bank in the online banking world. Cappi will also maintain the bank’s status as one of the top banks in the world in terms of assets under management and net income. Trabuco Cappi is responsible for the Bradesco’s online presence, but he doesn’t take all the credit for successfully bringing the bank into the mobile banking age. Cappi gives most of the credit to his executive team. Seven of those team members are candidates for the CEO position. Trabuco Cappi must give up that role because of his age and his promotion. Bradesco has an age cap for the CEO position, but the bank does not have an age limit on the chairmanship.
Mr. Brandão and the other five members of the board will help Luiz Carlos Trabuco Cappi find a new CEO before the next shareholders meeting in March 2018. Cappi has a reputation for being a banker who doesn’t procrastinate. He’s been the CEO for the last eight years, but he’s been an important player in the bank’s growth strategy for the last 48 years. He started as a trainee, and he went through the ranks just like Brandão. Many of the 106,000 employees think the new CEO will be a seasoned veteran like Cappi and Brandão. The seven candidates have the right qualifications, but only one has enough experience to lead the bank at this point in time. Some employees say risk manager Alexandre da Silva Glüher is the man who will take over, but Seguros employees think Octavio de Lazari, the president of the insurance division, will get the job because he is following in Trabuco’s footsteps. Cappi was the president of the insurance division from 2003 to 2009. But the other five men, Mauricio Machado de Minas, Josué Augusto Pancini, Andre Cano, Domingos Figueiredo Abreu, and Marcelo Noronha may get the job if the board thinks one of them has what it takes to work with Cappi and the board.
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