Bradesco has been one of the largest privately-owned banks in the Portuguese-speaking nation of Brazil since its foundation in 1943. Founded by Amador Aguiar, Bradesco’s first President was Mr. Aguiar himself, holding the title until 1991, when he cited natural health problems as the reason why he needed to step down.
Just a few weeks after Aguiar made way for a new hire, Lazaro de Mello Brandao was promoted internally from Chief Executive Officer to President.
Luiz Carlos Trabuco Cappi, current President/CEO of Bradesco, will work in both roles in the interim until a new candidate is hired from within Bradesco’s pool of talent sometime in the first quarter of 2018. Mr. Trabuco made clear that a new Chief Executive Officer will be added promoted from within at least one month prior to the bank’s annual stakeholder meeting in March.
Much like other entities offering common stock for sale, when executives resign and make such information public, shares drop slightly. However, the 1.2-percent drop in share price earlier this week in no way offsets the 38-percent skyrocketing of share price in the past year-to-date.
While most people involved in Brazilian financial markets, particularly banking, would like for Banco Bradesco to hurry up and name their new Chief Executive Officer, unnamed persons among the ranks of the bank’s upper management team have indicated the seven existing executives most likely to be appointed the position:
- Octavio de Lazari – Mr. Lazari is currently 54 years of age, leaving him plenty of time to serve Banco Bradesco’s shareholders, employees, and business associates if he’s elected.
- Andre Rodrigues Cano – Currently a relatively young 59 years of age, Mr. Cano is over the bank’s human resources department. Mr. Cano is one of the most recent additions to the bank’s team of executives, promoted from within – similar to virtually every other executive on this list – in May of 2016, and was hired to Bradesco in an entry-level capacity in 1977.
- Marcelo de Araujo Noronha – Hired in 2003, Mr. Noronha is 52 years old and is over Bradesco BBI, the financial institution’s investment banking operations. Noronha is also over the issuance of credit cards and debit cards in a macro capacity, as opposed to a micro-level capacity like entry-level employees are responsible for.
- Josue Augusto Pancini – Originally hired to Banco Bradesco in 1975, Mr. Pancini assists wealthy, well-endowed businesses and individuals alike with banking operations. He’s also responsible for the network of branches that make Bradesco, Bradesco.
- Domingos Figueiredo Abreu – Mr. Abreu is 58 years of age and was hired in 1981, a median numerical value wedging nicely in between the 1970s hiring dates of half of these candidates and the two most recent hires’ position awarding dates in 2003 and 2009. Mr. Abreu is over lending and treasury for the second-largest privately-owned bank in the country of Brazil, behind no other banks than Itau Unibanco.
- Alexandre da Silva Gluher – Currently titled Bradesco’s Chief Risk Officer, this executive was greatly involved in Banco Bradesco’s purchase of the Brazilian banking network belonging to HSBC Holdings, a London-based conglomerate made up of many different companies. Mr. Gluher is 57 and was hired in 1976.
- Mauricio Machado de Minas – This 58-year-old information technology genius has worked for several IT companies and departments in the past. Although he wasn’t deeply involved in the push to purchase HSBC Holdings’ Brazilian-based assets, he’s integral in beefing up the cybersecurity protocols, guidelines, and rules in Bradesco’s overall operations. He founded Next, a digital spinoff of Next, following the early 2010s.http://www.hoovers.com/company-information/cs/marketing-lists.banco_bradesco_s_a.294a878ad3b224d4.html?oid=2462417000000000&cid=96010000000000