Bradesco Contemplating The Appointment Of Its Fifth CEO

Apart from Amado Aguiar, who rose to the chairmanship and presidency of Banco Bradesco SA by virtue of being the founder of the bank, the three other CEOs of Bradesco, the second largest private bank in Brazil, were appointed from within the bank’s talent pool. Evidently, Bradesco has replicated the trend in the appointment of the bank’s chairpersons. So far, Bradesco has had three chairmen: Aguiar, Lazaro de Mello Brandao, and the current chairman Luiz Carlos Trabuco.

Luiz Carlos Trabuco was named the chairman of Bradesco on October 11, 2017, when Brandao resigned after serving the bank for over 74 years. Luiz Carlos Trabuco is also the CEO of the Osasco based Bradesco. The 91-year-old Brandao was the CEO of Bradesco starting in 1981 to 1999. While serving as the president of the bank, Bradesco appointed him the chairman of the board of directors in 1991. Both of Brandao’s appointments as president and chairman of Bradesco were made to succeed Aguiar. After eight years of juggling the responsibilities of the presidency and chairmanship, Brandao stepped down as the CEO of Bradesco in 1999 on Marcio Cypriano took over the presidency of the bank. Meanwhile, Brandao was freed to concentrate fully on discharging his responsibilities as the chairman of the bank. The chairman of the bank represents the Bradesco Foundation which is the controlling shareholder of Bradesco.

Read more: Bradesco to Choose Board Member as New President, says Trabuco

But Luiz Carlos Trabuco, 66, may not double up as CEO and chairman of Bradesco for a substantive period like Brandao or Aguiar as his tenure as CEO will elapse when he turns 67. In fact, if the abolished Bradesco’s bylaws were in place, Luiz Carlos Trabuco would have already stepped down as the laws indicated that Bradesco’s CEOs should not be more than 65 years. However, Bradesco will not wait until Luiz Carlos Trabuco leaves the office for the management to start scouting for a new chief executive officer. For a smoother transition of leadership at the bank, Luiz Carlos Trabuco will resign in March as CEO, and a new CEO will immediately assume office. Presently, the bank’s leadership is burning the midnight oil in an attempt to identify a new CEO.

But pundits believe that Bradesco should have an easy time selecting a new CEO as the bank is considering only a handful of its high-ranking employees. Some leaders thought to be in the list of Bradesco’s “potential CEOs” include André Rodrigues Cano, Octavio de Lazari, Marcelo de Araujo Noronha, Josué Augusto Pancini, Domingos Figueiredo Abreu, Alexandre da Silva Gluher, and Mauricio Machado de Minas. The seven made it to the list because of the leadership positions they currently hold. Cano is in charge of the human resources department, Lazari is the president of Bradesco Seguros while Noronha is the head of Bradesco BBI. Pancini oversees Bradesco’s branch network and its high-income segment. Abreu, Gluher, and Minas are responsible for Bradesco’s lending department, risk analysis, and IT departments respectively.

The announcement by Bradesco that Luiz Carlos Trabuco would be the new chairman did not surprise many. Even before Brandao resigned, pundits expected that Luiz Carlos Trabuco would succeed Brandao. Luiz Carlos Trabuco draws admiration and respect not only from Bradesco but also the entire banking industry and even from politicians. Some years back, Luiz Carlos Trabuco was former president Dilma Rousseff’s choice for the ministry of finance according to Although the gesture from Rousseff was alluring, Luiz Carlos Trabuco, against the expectations of many, declined the offer. The statement from Luiz Carlos Trabuco was clear: he was, still is, unwilling to leave Bradesco, a place that nurtured his professional growth. As the bank scouts for a new CEO, Bradesco’s management and shareholders are confident in Trabuco’s leadership.


Why Highland Capital Management is Regarded as a Pioneer in Restructuring Loan and CLO Markets

Highland Capital Management is a prestigious financial services company with assets worth over $1 billion in management. The company’s credit strategies are offered to clients in compliance with SEC regulations. As one of the largest and experienced credit managers in the world, Highland Capital Management specializes in separate accounts, long-only funds, collateralized loan obligations, and private equity.


Highland’s alternative investments cover natural resources, emerging markets, and long and short equities. The company boasts a large client base in the U.S. and abroad. These customers include endowments, funds of funds, and prominent financial institutions. The company also excels in addressing the financial needs of high net worth individuals, government agencies, and private corporations. With its operational headquarters in Dallas, Highland Capital Management addresses customers’ needs on a nationwide basis. The firm has other operational offices in Singapore, New York, and São Paulo.


Brief History


Highland Capital Management’s success story dates back to 1993. The firm started serving clients in the financial sector with solutions tested by several credit cycles. Over the years, the company has been critically acclaimed as one of the pioneers in structuring CLO and loan markets. Highland Capital Management is also ranked as one of the most reliable CLO managers in the United States.




With over twenty years of experience in collateralized loan obligations, Highland Capital Management stands out as an experienced company. Highland also stands out as a disciplined company because its professionals usually align clients’ interests with transparency virtues. The firm also adopts checks and balances for mitigating risks and volatility. This approach fosters accountability.


Since 1993, Highland Capital Management has remained independent and has become an employee-owned firm. The company also operates based on the owner-operator mindset. Its mission is to advocate and develop solutions for investors. This mission has always been achieved by leadership and professional teams that comprise of veterans. Highland’s investment philosophy when facilitating credit strategies, is to produce above average and consistent returns. This philosophy goes beyond strategic planning. It involves the application of time-tested investment and management principles. James Dondero is among the talented executives who are turning Highland into an investment powerhouse.