Leading a major bank is not easy for anyone. There are many people who would fail under the massive pressure. In Brazil, the economy is booming in many industries. This is the perfect opportunity for banks to gain market share. As the middle class continues to grow and develop, more people than ever will be purchasing homes in the future.
Luiz Carlos Trabuco Cappi was the CEO of Bradesco for many years. During his time as CEO, he helped improve the company in numerous ways. Now is a great time for him to look for other opportunities in life. He recently announced that he was leaving the company to focus on personal issues. Bradesco is now faced with hiring an internal candidate to replace him.
The Life of Luiz Carlos Trabuco Cappi
Over the past few years, Luiz Carlos Trabuco Cappi has changed the banking industry in Brazil. Looking over his career, it is easy to see why he has done such a good job as CEO according to valor.com.br.
When he was young, he was in a family of poor farmers. His parents were never able to provide for their children like they wanted to. One reason for their struggle was that they had no access to capital for farming equipment. They had to continuously scrape by financially, and they were never able to scale up their business.
Luiz Carlos Trabuco Cappi quickly decided that he wanted to take a different career path in life. He worked extremely hard in school and was accepted to college in University of Sao Paolo. Although his parents did not have the money to pay for college, he worked multiple jobs as a way to pay for it as he went. One of the jobs was at a bank. This is where he decided to work in the banking industry. After graduation, he found a job at a local bank and grew his career from that point.
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Career at Bradesco
After three decades in the banking industry, Luiz Carlos Trabuco Cappi took an opportunity to become CEO of Bradesco. When Luiz Carlos Trabuco Cappi took over the company, there were many issues with the business. The economy in Brazil was not doing well, and many customers were defaulting on their loans.
Luiz Carlos Trabuco Cappi quickly went to work fixing the company. He decided to put strict requirements on borrowing money. This prevented future default issues with customers. In addition, he saw the future of online banking before it arrived. He invested a lot of time and capital into developing an online banking platform in his company. This has allowed Bradesco to take away market share from other banks that do not have an online presence.
The future of Bradesco is bright even without Luiz Carlos Trabuco Cappi. As the economy continues to develop, banks will continue to increase sales and profits. Luiz Carlos Trabuco Cappi left the company in a good spot. Although he was a good CEO, he still made plenty of mistakes during his time at the top.
The next CEO of Bradesco needs to focus on taking the company to a new level. They will not have to fix a major issue, but it is up to them to improve the business in the years ahead. Luiz Carlos Trabuco Cappi is now spending a lot of time giving back to his local community.
Find more about Luiz Carlos Trabuco Cappi: http://epocanegocios.globo.com/Empresa/noticia/2017/10/trabuco-o-importante-agora-e-olhar-para-os-desafios-do-futuro.html