How Luiz Carlos Trabuco Came To Be The CEO And Chairman Of Banco Bradesco

Luiz Carlos Trabuco has spent his professional career in the Brazilian banking industry. He is a graduate of the University of Sao Paulo’s Philosophy, Sciences, Language and Arts Faculty. He also attended this university’s School of Sociology and Politics which is where he earned his post-graduate degree. He found his first job at a bank when he was just 17, working as a clerk at the banking giant Banco Bradesco. Read more at Ultimo Segundo about Trabuco.

Over the next 15 years Luiz Carlos Trabuco advanced his career until he was earned the position of marketing director. While working in this position he modernized Banco Bradesco’s communication with the press and general public. He served in this position for eight years and in 1992 he was named as the chief executive officer of Bradesco Insurance. This company focuses on the private pension market. He was the CEO of this company for six years.

In 1998 Luiz Carlos Trabuco was elected as Banco Bradesco’s new managing director. In 1999 he was named as this bank’s new executive vice president. In 2003 he was named the president of Banco Bradesco’s insurance subsidiary Bradesco Seguiros. When it was decided that Banco Bradesco’s stock would be listed on the New York Stock Exchange he was the one that was chosen to manage this event.

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When Luiz Carlos Trabuco was the president of Bradesco Seguiros he was able to double the size of this insurance company and it was able to capture 25% of the Brazilian market. His success led to him being named the chief executive officer of Banco Bradesco and in October 2017 he was named as the new chairman of the board. Banco Bradesco has age limits in place for its CEO position and so he left this role in early 2018 while retaining his position as chairman.

During the course of his career Luiz Carlos Trabuco has won a number of awards and acknowledgments. Among these was being named Insurance Person of the Year in both 2006 and 2007. He made Forbe’s list of the best CEOs in Brazil in 2016 and in 2015 he was named Entrepreneur of the Year for the finance category. Learn more about Trabuco at Crunchbase.

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