Octavio de Lazari Junior will be replacing Luiz Carlos Trabuco Cappi as the president of the Bradesco Bank because the latter has already reached the compulsory age for retirement. Cappi is one of the most beloved presidents of the company because of the changes that were implemented under his leadership which benefited the employees a lot.
Trabuco is also responsible for the increasing number of clients who trust the Bradesco Bank, and as a result, more assets are being managed by the financial institution. Cappi stated that he would remain loyal to the company, and he can be contacted anytime if the Bradesco Bank faced any difficult problems in the years to come.
Born and raised in the city of Marilia, Cappi had always told his parents that he would like to work for the Bradesco Bank in the future. When he was 17 years old, he tried to get a job from Bradesco Bank, and he was delighted when he was accepted to become a bank clerk. Cappi found his job at Bradesco Bank enjoyable, but he still has to impress his superiors so that he can be noticed. His hard work paid off when his superiors decided to give him a promotion, stating that the reason behind his selection is because of his excellent perseverance and determination to climb the corporate ladder.
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After he got promoted for the first time, Cappi continued to impress his superiors, until he reached the executive circle because of the number of promotions that he received. Before he was chosen by the board of executives to become the president of Bradesco Bank, the financial institution has faced some challenges. One of them was the merger of Unibanco and Banco Itau, which caused the number of their investors to take a small dip. It has also affected their rankings based on revenue and asset, and they fell to the second place. However, Cappi promised that he would be doing everything that he can to resolve the problems faced by the Bradesco Bank.
Knowing that their main problem revolves with the limited assets and investors of the company after the merging of their rivals, Cappi thought of seeking help from HSBC Brazil. He offered the company a contract and told them that the Bradesco Bank is ready to purchase them for $5.2 billion. For the record, it is the highest transaction that the company has gone into, and Cappi still pushed with his decision to purchase HSBC Brazil. The other camp soon agrees with the conditions set by Cappi, and right after the purchase of HSBC Brazil, the value of the Bradesco Bank started to rise. Cappi knew that it would be the after effect, and he was delighted knowing that they could eventually overcome the record set by their competitors. Up until his last days in office, Cappi only has one thing in mind – to acquire more local banks around the country and add them to the growing number of properties owned by the Bradesco Bank according to infomoney.com.br.
Find more about Luiz Carlos Trabuco Cappi: http://www1.folha.uol.com.br/mercado/2017/10/1926243-proximo-presidente-do-bradesco-saira-da-diretoria-do-banco-diz-trabuco.shtml