When Anil Chaturvedi joined Hinduja Bank as its Managing Director in 2011, he was tasked with overseeing its corporate advisory business. His role has spun over the banking sector and the bank’s global merge, acquisitions, attraction of investors, and restructuring policies. His expertise in banking is an attribute of over four decades of private, investment, and commercial banking.
A Brief Academic History
Between 1970 and 1973, Anil attended Meerut University, India, for a Bachelor of Arts degree in Economics. He graduated in 1973 with honors. He then enrolled for an MBA in Financial Management from the Delhi University School of Economics.
Anil began his banking career at the Development and Planning department of the State Bank of India. He held the managerial position for this department from September 1987 to July 1991. In this capacity, Anil was responsible for the bank’s marketing strategy, which saw the bank reap grow $500 million within four years; he was named ‘Man of Year’ by the bank for his service.
From 1991, Anil headed operations for the ANZ Grindlays Bank as its Vice President. He also held the position of Senior Representative of the bank for US operations. During his tenure at ANZ, Anil was tasked with creating a lucrative profit model until leaving the bank in 1993.
Though Indian born, Anil Chaturvedi has gained most of his banking experience by practicing in New York-based banks. After leaving ANZ, he joined Merrill Lynch as its Managing Director in 2011. The company is based in New York, but has international ventures. At Merrill, he crafted personalized investment plans for super rich people, made private banking solution for over sees Indians, and became a top advisor to the biggest Wealth Management Organization.
Out of New York, Anil joined Hinduja Bank in 2011 as the Managing Director, a position that he currently holds. Located in Geneva, the bank has penetrated international banking sector due to its corporate alliances. Anil has been leading the bank into mergers and acquisitions throughout Europe, Asia, and America. Coupled with careful marketing strategies, Hinduja has seen immense success in its business ventures. But it is not hard to see why the firm will keep on succeeding, for it is headed by a seasoned and highly skilled banker.
The banking industry is going through numerous changes in Brazil. Over the past few years, the economic growth in Brazil has started to increase greatly. This is good news for almost every industry in the country. The banking industry is going to benefit in numerous ways. As more people apply for loans, banks tend to make more money.
Bradesco is a successful bank that is on the right track for the future. However, the company is having to deal with a major issue right now. Luiz Carlos Trabuco was the CEO of the company. He decided to resign and focus on other aspects of his life. Bradesco is now searching for the next CEO. Although some people believe that he will be replaced internally, the company is also looking at candidates from other companies.
Hard Start For Luiz Carlos Trabuco
Luiz Carlos Trabuco took a hard journey to get to the top of the banking industry. Although his parents were hard workers, there was simply no way that they could help support his education. Luiz Carlos Trabuco decided to start working at a young age to pay for school. In Brazil, there are few free public education options in many areas. When he was older, he decided to attend college in a major city at Sao Paolo University. Although it was hard for him to move away from his family, he was excited about the future.
When he graduated from college, he was able to get a job at a financial company. Brazil was not the same country as it is today. Not only was the economy weak, but few people were borrowing money for anything. As Luiz Carlos Trabuco moved up rapidly in the banking industry, he started to think of ways that he could improve the industry in the future.
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Many years ago, Bradesco was going through another search for a CEO. At the time, the company was in a bad financial state. Not only were sales starting to decrease, but the overall brand of the business was damaged. Customers were moving to other banks in order to borrow and save money.
Luiz Carlos Trabuco took the position and immediately started changing various aspects of the company. He initiated several new lending programs to help customers according to istoedinheiro.com.br. At the time, few banks focused on poor people. However, growing up in a poor family taught Luiz Carlos Trabuco the value of having access to capital. He decided that Bradesco was going to help as many people as possible.
Over the next few years, the company slowly started to improve. In addition, the overall economic growth in Brazil started to increase. There were many people who were excited about the changes taking place at the company. Luiz Carlos Trabuco was able to make Bradesco one of the leading banks in the nation.
Although Luiz Carlos Trabuco is leaving Bradesco, he left a strong legacy of success. There were some mistakes that he made as CEO, but the vast majority of his decisions were positive for the company. Many workers are going to miss his leadership at Bradesco. The good news is that the company is growing rapidly and should continue to do so in the future.
Learn more about Luiz Carlos Trabuco: http://www1.folha.uol.com.br/mercado/2017/10/1926243-proximo-presidente-do-bradesco-saira-da-diretoria-do-banco-diz-trabuco.shtml