Major changes have occurred in the c-suite of Bradesco, one of the most important private banking institutions in all of Brazil. The outgoing CEO, Luiz Carlos Trabuco, has appointed a new person to take his place. Octavio de Lazari was the former director of the bank’s insurance underwriting division, Bradesco Seguros. There, he had proven himself to be a competent leader, continuing to expand the bank’s underwriting activities and making the division one of the more important sources of revenue for the group as a whole. Read more about Trabuco at globo.com.
It is not terribly surprising to many outside observers that Trabuco decided to appoint the director of the insurance underwriting department. After all, Trabuco had run this division himself for a period of more than six years. During that time, he was able to grow the business from a relatively insignificant portion of the group’s total revenues into one of the most lucrative areas in which it was engaged. By the time he left, the insurance underwriting department was one of the single largest issuers of retail insurance policies in the country of Brazil and the largest issuer of auto insurance.
As Trabuco steps aside from that CEO position, he will now be transitioning into the role of the chairman of the board of directors. From there, he will be able to continue to provide strategic leadership and continue to implement the vision that he had long held for the bank’s future. This includes the development of strong technological solutions for many of the company’s customers. He has stated that he believes that all Brazilian banking customers should have access to high-technology solutions that enable them to quickly and easily access banking facilities no matter where they are in the world. He has stated that this is one of the bank’s primary challenges going forward, hopefully leading to the more than 17 million Bradesco customers that do not currently have access to online banking facilities to eventually be able to bank online at all times and all places.