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.
Read more on valor.com.br
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