New Board Chairman, Luiz Carlos Trabuco Will Be At The Bank A While Longer

A leadership reshuffle at Bradesco has created a vacancy in the position of president. The previous president, Luiz Carlos Trabuco is vacating his position to become the bank’s board chairman. Trabuco is taking over from Lazaro Brandao, who after 74 years at the bank decided to retire four weeks ago. The process for selecting Luiz Carlos Trabuco’s successor has now begun in earnest.

Luiz Carlos Trabuco will, at least for the next four months, remain the president of Bradesco. This is because the bank’s charter directs that the next president is selected in March 2018. The next few months, therefore, provide members of the Bradesco board with the opportunity to arrive at the best choice – after all, it is a process as opposed to a single step. Trabuco will at the same time fulfill the duties expected of the board chairman. That, however, is not expected to be a problem as for three of the last nine years that he has been Bradesco president, he was also the vice chairman on the board.

The next Bradesco president is currently working at the bank. Selecting leaders from among the crop of employees within the group is a tradition that has been practiced throughout its entire existence. That trend is expected to continue with the next president. While there are a number of candidates at Bradesco thought to have a serious chance at being next president, one who deserves mentioning is Alexander Gluher. The chief risk officer joined the bank in 1976. He is most known for his integral participation in completing Bradesco’s 2015 purchase of HSBC’s Brazilian operation.

Read more: Next Bradesco president to leave the bank’s board of directors, Says Trabuco

Luiz Carlos Trabuco’s time at Bradesco is now expected to last a few more years despite initially being meant to retire in 2016. The bank’s charter implicitly stated that the retirement age for presidents was 65. That restriction placed Trabuco’s retirement at 2016 according to bradescori.com.br. However, the bank decided to further extend his stay at the bank by amending the charter to 67 from 65. The primary motivation for the board to extend Trabuco’s stay as president was the HSBC acquisition initiated in 2015.

Bradesco’s acquisition of HSBC was valued at a high $5.2 billion. Not only was the acquisition the largest transaction undertaken by Bradesco in its seven-decade existence, but it was also the largest acquisition in Brazil’s financial sector for a long time. Once the acquisition was complete, it was estimated that Bradesco would become the undisputed second largest private bank in the country. It would also come quite close to the leading bank in the segment, Itau Unibanco. As the primary negotiator, Luiz Carlos Trabuco played a critical role in the initiation of the deal. By 2016, however, integration between Bradesco and its new acquisition had not been completed.

Consequently, the bank decided to extend Trabuco’s stay to ensure that he saw the deal through to its completion.

Others also speculate that the reason’s the retirement age was amended was to prepare Luiz Carlos Trabuco as Lazaro Brandao’s successor. It is not a hidden fact in Brazil’s financial sector that Trabuco is a good banker. In fact, the previously Brazilian president, Dilma Rousseff offered Luiz Carlos Trabuco, the position of the country’s finance minister. However, while Trabuco acknowledged that being offered the position was an honor, he could not accept it due to commitments at Bradesco. By this time Trabuco had already been successfully nominated by Lazaro Brandao to become his deputy on the board. This move was no doubt mean to prepare Luiz Carlos Trabuco to take over the board a few years down the line.

For more information about Luiz Carlos Trabuco, just visit istoedinheiro.com.br.

Bruno Fagali’s Rise to the Top of Brazil’s Attorney List

Bruno Fagali is a lawyer who calls Brazil, specifically the São Paulo area his home base. He has his Masters degree in State Law, Anticorruption, and Administrative Law. Bruno Fagali began his career as an intern for Model Dom Paulo Evaristo Arns. While he was working there, he focused on civil law cases involving domestic violence and family law. Over the next 3 years, Bruno Fagali went on to work at 2 other law firms, again concentrating on public law but expanding his knowledge in bidding and administrative contracts. In 2012, he was appointed his first attorney position with the firm Radi, Calil e Associados Law, where we worked for the next 2 years doing public law and administrative appeals.

The next chapter of Bruno Fagali’s life began when he became a Corporate Integrity Manager for Nova/sb, which is an advertising agency that is very pro-ethics. Nova/sb has won awards for using certain practices to help fight corruption. While working here, it was Mr. Fagali’s job to design and implement the Corporate Integrity program for Nova/sb, which he accomplished with his time there.

The newest venture in Bruno Fagali’s life is the opening of his new law firm Fagali Law in mid-2016. Bruno Fagali has been praised again and again for his outstanding commitment to his clients and achieving outstanding results in his cases. Bruno Fagali has built a reputation in Brazil and has entrepreneurs, organizations, and businesses that consult with him on their most complicated cases because they know he will get them the results they deserve.

Read this article to learn more about Bruno Fagali.

 

 

An Answer to Brazil’s Water Problems

The government of Brazil announced that it will begin making arrangements to improve the current water situation in the country. It will be working with the National Bank for Economic and Social Development to accomplish the goal of improving sanitation and water conservation.

Felipe Montoro Jens interviewed Edison Carlos, the president of Trata Brasil, who works closely with organizations that are focused on increasing the standards of basic sanitation. During his interview, it was announced that there are many ways the country is planning to improve water management, and water conservation, while increasing the sanitation standards of the industry.

In the interview on relationshipscience.com, Edison also addressed the use of the public power system performing nearly 90 percent of the services needed for water, sewage, and sanitation. He believes that by increasing the number of public enterprises that are involved in managing the system. By taking advantage of the power of private enterprises, beneficial partnerships and improvements can be made for the benefit of the country.

Brazil National Bank for Economic and Social Development is creating contracts for customized action plans. These customized action plans will be developed utilizing surveys. These surveys on odebrecht.com will show the current level of sanitation and water conservation. From this information, detailed reports for improvement can be created for individual areas. By creating customized action plans, they will know exactly how much improvement is needed in each area.

Decreasing Water Waste
One of the primary needs in the country is to decrease the amount of water lost in the sanitation process at http://www.checkdirector.co.uk/director/felipe-montoro-jens/. The amount of water waste that occurs on a daily basis depletes the resources of state run facilities. By improving water saving capabilities, facilities can conserve finances as well.

Utilizing Private Sector Finances
It is a well-known fact that the private sector contains more wealth. These financial resources are much needed for advancements. Not only can these finances increase the outreach of sanitation programs, it can also help improve the technology used in sewer and water management.

Felipe Montoro Jens
Jens is an active member in the Brazilian infrastructure and is an active participant in creating energy solutions. His company goals are to create innovative solutions to serve clients and communities.

Jens works in promoting Brazil’s social development and economic improvement.