Banco Bradesco’s New CEO Octavio de Lazari Is Up To The Challenge According Chairman Luiz Carlos Trabuco

2018 is a presidential election year in Brazil. The big news is, former president Lulu will still be on the ballot to replace Michel Temer even though the Supreme Court said he has to serve time for his role in using his presidential position from 2003 to 2011 for personal gain. Brazil’s media is following the story closely, but the other big story in Brazil is what’s happening internally at the second largest bank in the country. Lázaro de Mello Brandão, the patriarch of the bank and the oldest banker on record, decided to retire at the end of 2017.

Brandão’s long-time bank associate Luiz Carlos Trabuco took over as chairman while he was still the acting CEO of the bank. The Board of Directors, under the leadership of Brandão, decided to consider one of seven of Bradesco top executives as a replacement for Mr. Trabuco. The search started in November 2017, and it ended in February when the Trabuco told the country Mr. Octavio de Lazari would be the new president and CEO. Lazari is a 40-year bank veteran. He was the president of the bank’s insurance arm, Banco Seguros before he got the big job. Trabuco was also a Seguros president from 2003 to 2009.

Follow Luiz Carlos Trabuco on LinkedIn

The appointment of Lazari wasn’t a surprise even though the six other candidates had similar banking credentials. Lazari is a focused banker who knows the challenges Bradesco faces in the digital banking market. In 2017, Trabuco was instrumental in establishing Next, a digital bank, so Bradesco could compete with the digital startups that were taking business away from the Itaú and Bradesco as well as the other banks that rule the Brazilian market. Trabuco knew Bradesco had to step up and out of the typical banking box in order to stay relative in this age of Internet shopping and banking. According to, Trabuco and the Board knew Lazari shared the same dream for the bank, so he was the lead contender while the search was in progress.

Now that Lazari got the confirmation needed by the shareholders at the March 12th annual meeting, he hasn’t let any banking grass grow under his feet. Immediately after the confirmation, Mr. Lazari told the press Bradesco would continue to close more bank branches. He also said the bank was ready to offer more loans to qualified current and future customers. Closing bank branches is an expensive undertaking, but Bradesco put money aside to close under-performing branches due to the 2015 acquisition of HSBC’s Brazilian operation. Bradesco inherited 800 HSBC’s branches in that transaction, and many of them were too close to existing Bradesco branches. Trabuco closed about 500 branches before leaving the CEO office. Lazari told the press another 200 branches are on the chopping block in 2018.

The Lulu fiasco will not have an impact on Lazari ability to guide the bank through this election year. Even if by some incredible turn of events Lulu becomes president of Brazil while he is behind bars, Lazari, Trabuco, and the executive team will continue to produce the income shareholders expect in 2018, according to Lázaro de Mello Brandão. The 91-year-old banker has faith in the men he trained during his 75 years in banking.

Find more about Luiz Carlos Trabuco:,bradesco-anuncia-substituto-de-luiz-trabuco-na-presidencia-do-banco,70002178384

Luiz Carlos Trabuco Cappi Encourages Online Lending In Brazil

The economy in Brazil is changing rapidly. There are numerous people who are changing jobs or starting a company. For many years, few people had any additional income to save or spend. With all of the new companies starting in Brazil, this is starting to change. For the first time in decades, people in Brazil are starting to feel good about the overall economy.

There is a lot of new technology to help customers in the lending process. Some banks have been slow to adapt to changing market conditions. Other banks are investing heavily in online lending solutions. Bradesco is just one bank that has a strong online lending portfolio for customers. Luiz Carlos Trabuco Cappi saw the online lending trend coming many years ago. He started to make investments of both time and money into this area of Bradesco.

Luiz Carlos Trabuco Cappi is no longer working with Bradesco as CEO. He decided to resign in order to focus on more important aspects of his life. The search has already started for the next CEO to take over.

Why Online Lending?

Some people in the banking industry are surprised by the demand for online loans. This is one of the reasons that so many banks have been slow to adapt to the changing market. Getting an online loan is much easier than going to a bank and completing various forms. Most young people prefer to deal with banks online. In addition, there are some people who are embarrassed to ask for a loan from someone working at a bank. However, customers are not embarrassed to apply for a loan online.

From the perspective of a bank, it is less expensive to lend money online. Once the code is written for the application process, the entire process is automated. Workers at the bank make the final decision on who is approved, but this is a small part of the process. As a result, banks are able to make more money without increasing the number of people working at a bank.


Small Loans

There are some people who do not need large loans in order to get a company started. When some people think of a business loan, they imagine a huge loan with a massive monthly payment according to In Brazil, the vast majority of people simply want a small business that will earn a little additional income each month. This additional income can make a huge difference in their overall quality of life.

With smaller loans, the chances of default are also lower. Some banks are worried about lending money to potential business owners because of the risk of default. In the last recession, there were many banks that lost money due to people not paying loans back.

The Future of the Industry

Even though he is not working at Bradesco, Luiz Carlos Trabuco Cappi is excited about the future of the banking industry. Over the next decade, more changes will occur and make the process easier for customers. As more investors from around the world invest in Brazil, the economy will continue to grow at a rapid pace.

Luiz Carlos Trabuco Cappi had a great career being bank executive in the industry. Not only was he able to lead a distinguished company, but he was able to make a positive impact in the lives of people around Brazil.

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Easiest Path to Investment, For All Middle Class Investors

Bradley Reifler founded the Forefront Income Trust in a bid to cater to the middle-class people in the society. His motivation came from the desire to take into investment the funds that the ninety-nine percent of the population was willing to invest. Previously, the one percenters had the control of the market, since they are the only ones who could afford the wealth required for one to be an accredited investor. What then happens to the ninety-nine percent of the population?

The low regard for the non-accredited investors opened a window of opportunity for Bradley, who was also not pleased with the denial of his father-in-law to invest; had not attained the requirement. This pushed him to create a platform where anyone who had invested at least, $ 401,000 in Fore front products to invest a minimum of $ 2,500. Further, the trust would not be able to make any money from the investors, if the investors have not attained at least 8% benefit from their investment.

The move by the company attracted a many investors, since the company, doesn’t want to prosper from using people funds, but rather, cares for the needs of the people, which is exactly what the people needed. An investor who listens and cares about them. Through the compounding of returns, investors, funds have since grown from small investments to substantial retirement accounts.

The success of the Forefront Investment Trust is associated to the great efforts put by its founder to ensure, that investors get returns on investments, despite investing in the risky venture, as well as the great team of professionals that the clients have learned to trust with their investments. The clients who believe in the venture, despite big competition from the one percenters, have also greatly contributed to its success.

The trust now has subsidiaries all over the country, as Brad announced on Twitter. It has grown to be a great investment bank and wealth management institution, offering, individual and corporate advice to several people. All this has been enabled by the coalition of business, portfolio management, and banking and distribution leaders.  Read more at Brad’s page.

The Shrewdness of Igor Cornelsen in the Investment Banking Sector

Igor Cornelsen, a retired investment banker, has created a reputable name in his home country of Brazil as one of the top bankers. His impressive reputation is drawn from his previous roles in managing several top banks in Brazil. In addition, he was an outstanding individual in managing the enormous percentage of his country’s gross economy. In current roles, Cornelsen works in conjunction with the Bainbridge Group for both foreign exchange and commodity investment. Stock market investment is also part of his functions.

Cornelsen has also made a name for himself as a pioneer for utilizing the strategy for avoiding damaged companies and investing in damaged stocks. Consequently, his technique has gained popularity among investors.

Cornelsen’s Advice on Brazilian Banking Sector

In various instances, Cornelsen has provided helpful information or advice on facebook to Brazilian bankers in times of need. During an anomaly that occurred in the Brazilian banking sector on 2014, he asserted that the only way Brazilian banks would avert the problems they were facing was through gaining knowledge about the market. Consequently, Igor created various basics for investors willing to invest in Brazilian stocks as follows:

Ten Major Banks in Brazil

The Brazilian economy is ranked in the eighth position worldwide. Consequently, it tops among the largest economies in South America. Its economy is driven by ten main state and privately owned investment and commercial banks. Among the top players, include Itau Unibanco, Caixa Economica Federal, Banco Bradesco, and BTG Pactual among others.

Links with China
Cornelsen asserted that the Chinese and Brazilian economies are intertwined since both are great trading partners. He also said that the process of raw materials from Brazil would increase due the rise of the Chinese economy. He advised investors to keep a close eye on trading partners of a prospective nation before undertaking any investment.

The Value of the Real

The export of industrialized commodities has lost competitiveness in Brazil due to the country’s overvalued legal tender. In addition, this has led to massive deficits in the current accounts. In a bid to reduce the devaluation of the real, the Central Bank of Brazil has had to sell dollar swaps in the domestic markets. However, with less intervention from the government the depreciation of the real will take place at a controlled pace leading to more competitiveness of industrial goods.

Other Cornelsen’s Interests

Apart from investment activities, Cornelsen is a golf lover. Golf is his profound hobby, which he indulges in away from other business activities. Away from his native country of Brazil, he spends his time at his home in South Florida. This location is ideal for golf activities since it hosts the best golf courses on the globe.

He also does consultancy work for both the investment and banking industry. Mainly, this has been due to his vast experience in financial and investment matters, which he gained from his past career as a banker.