Without banks, we wouldn’t be able to reliably store money, spend it through the Internet, or place our investments in financial instruments to grow our wealth. Regardless of what angle an argument is brought, one thing is for sure – banks and financial institutions are of utmost importance to virtually all of us.
As such, executives who operate banks are some of the most competent businesspeople in all of commerce. This fact of business especially holds true for Luiz Carlos Trabuco Cappi, the head administrator – his formal title is the Chairman of the Board of Directors – of Banco Bradesco, a financial institution that primarily deals with consumers. Official government statistics and financial disclosures from Banco Bradesco and its accountants and auditors all agree that Banco Bradesco is larger than all financial institutions throughout Brazil, the fifth-most-populated country on planet Earth. Read more at Ultimo Segundo about Trabuco.
Those financial statements – Banco Bradesco’s most recent batch of audited financial statements are from December 2017 – indicate that the banking conglomerate operates the business at a level of roughly 1.3 trillion Brazilian reals in total assets and nearly 495 billion as expressed in Brazilian reals.
Luiz Carlos Trabuco is now the Chairman of the Board of Directors, though he was the Chief Executive Officer from 2009 to March 2018. Before he took over the bank, it was very close to losing its foothold as the second-heaviest private financial institution in Brazil. However, Luiz Carlos Trabuco Cappi was able to commandeer the purchase of HSBC Bank – not just one institution or an ATM, either; Mr. Trabuco was able to buy the entirety of its banking operations in the continent of South America for some $5.3 billion. Learn more about Trabuco at Crunchbase.
Buying the bank helped Luiz Carlos Trabuco Cappi and Banco Bradesco build the Marilia-founded bank’s size to a level far greater than all other banks in Brazil, taking exception to the institution in first place by total assets.
Luiz did lose his spot as Chief Executive Officer, but only because his replacement, Octavio de Lazari Junior, was a consumer technology expert that could help the bank gain digital-user market share.