Bradesco Agrees To Compensate Depositors For Losses Due To Government Plans According To CEO Luiz Carlos Trabuco

The Brazilian government had a plan in place during the 1980s and 1990s that tried to stop hyperinflation, and millions of legal disputes resulted from that plan. More than 60 percent of the people who participated in those government plans are getting a refund, according to Brazilian Federation of Banks. Bradesco along with Itaú Unibanco Holding SA, Santander Brasil SA, Caixa Econômica Federal, and Banco do Brasil SA, are giving money back to depositors who got caught in that faulty government plan. Bradesco’s CEO Luiz Carlos Trabuco thinks the unorthodox government policies like confiscating savings accounts and investment 30 years ago did more harm than good. Trabuco should know. He saw the damage first-hand.

In spite of the depositor compensation issue, Bradesco and Trabuco continue to give shareholders and bank customers something to cheer about. Trabuco is now the Chairman of the Board as well as the bank’s CEO until a replacement for that position surfaces. There are seven qualified men in the hunt for Trabuco’s spot. Trabuco has to give up his CEO role because of his age. Bradesco has a CEO age limit, and Trabuco is past the 67-year-old age limit. Brazilian banking legend and only the second man to hold the position of Chairman of Bradesco, Lázaro de Mello Brandão is retiring at the end of the year, and Trabuco will fill his shoes. Even though the legendary banker is retiring, he will still have a desk, and a frank opinion when it comes to developing new bank strategies.


Bradesco is the second largest bank in the nation, and it is one of the first to have an easy-to-use online banking platform, thanks to Trabuco and Mauricio Machado de Minas, the Chief of the bank’s IT department. Plus, with more than 5,000 bank branches and thousands of ATM locations, Bradesco gives bank customers convenient banking options because that’s what Brazilians want. Trabuco is the maestro of digital banking, but he doesn’t take all the credit. He has a loyal staff of important bank executives, and that’s why seven of them are candidates to replace him as CEO at the beginning of 2018.

Trabuco’s banking career is nothing to sneeze at. He has an outstanding track record when it comes to profitability, assets under management and new banking services. For almost fifty years, Trabuco has given Bradesco the leadership and the expertise it needed to become the best private bank in the country. Mr. Trabuco was not a finance major or an accountant, but his calculating mind and no-nonsense business approach gave the bank the credibility it needed in a country where banks have little credibility. Luiz is at the top of his banking game, and he is ready to pass the CEO position to one of his qualified teammates. IT executive Mauricio Machado de Minas may be the top candidate, but lending officer, Domingos Figueiredo Abreu, and Human Resource Manager, Andre Cano, and are also top candidates.

But some bank employees think Octavio de Lazari, the president of Banco Seguros, may have an advantage. Others say operations executive Josué Augusto Pancini is the top contender. Investment division head, Marcelo Noronha may be the right man for the job, according to some shareholders according to No matter who gets the job, Luiz Carlos Trabuco will still oversee bank operations, and Lázaro de Mello Brandão will be right next to him watching the bank grow in Brazil’s budding digital banking world. That’s the way Bradesco rolls. The people who work for the bank stay around especially bank executives. Trabuco is the third person in the bank’s history to become the Chairman of the Board.

For more information about Luiz Carlos Trabuco, click

Bradesco Has A New Hotshot CEO – Luiz Carlos Trabuco Cappi

Bradesco is a company with a long history going back to the 1990s. Amador Aguiar had started the company with a small bank branch in a small town and it grew from there. The bank had a lot of ups and downs, but it has remained at the top of the charts for the past few decades.

Luiz Carlos Trabuco Cappi is now the CEO of the company and has been for several years. He has held leadership positions within the company for several years and has been on the board of executives since the 1990s.

For the longest time, Luiz was a marketing director for the company. His role as the head of marketing really changed the way the public saw Bradesco as a company. Originally, Amador had set a policy of closing its doors to the media so that the company can have a lot of privacy. Luiz saw this as a negative thing and decided that investing in more PR stunts and being open to reporters was a way to increase its public image. The market had demanded that corporations become more than just big wealth hoarders, but rather public figures that adjust to their needs and demands.

When Amador Aguiar had died in 1991, he was considered to be the prime candidate to replace him as the CEO. With his death came a huge rush to find a way to reorganize the leadership structure of the company. The executives of the company felt that it was more appropriate to give the position to a much older executive so the position was eventually handed over to Márcio Cypriano.

Márcio Cypriano had greatly increased the size of the company by acquiring smaller banks around the country. It had gotten to a point where Bradesco was considered to be the largest company in Brazil. Even the Brazilian branches of HSBC Brazil and American Express had sold out to the corporate giant. With all of these purchases, there was definitely a lot more responsibility as well.


Luiz is probably one of the most modest CEOs of the bank or any other bank in the country. Brazillian executives are seen as ultra-rich old guys that live excessive lifestyles. Luiz Carlos Trabuco Cappi, on the other had, had mostly a working-class lifestyle for the majority of his life. He had started working for the company in a minimum wage position at the age of 18. He worked his way up while studying on the side without the assistance from his family.

Bradesco is a large and wealthy company, but it is not like there isn’t a struggle. Luiz had inherited a large amount of responsibility when he became CEO of this giant bank. The competing companies had started to merge and nibble at the ankles of Bradesco. The larger companies also merged and had knocked Bradesco down from being the largest bank in the country to the third. In addition to this, the financial market has been in a steady decline in the country.

Bradesco Is Still Going Strong
Despite the increase competitiveness in the financial market, Bradesco is still a top dog in the country. They have 5,300 branches that is visible from any city center. They have nearly 40,000 cash machines spread all across the country. Every supermarket, corner store, pharmacy and mall is likely to have a Bradesco ATM sitting in the corner.

Since it has been last reported, their total amount of assets currently sits at nearly 400 billion. They also steadily hold 50 billion in yearly revenue. They still continue to provide high quality services that includes banking, loans, asset management and insurance.

Damac Properties and Hussain Sajwani Have Transformed Dubai Real Estate

Hussain Sajwani is the beacon of real estate development in the middle east. Ever since he formed Damac Properties in 2002, he has been the leader of new innovations in the development of real estate properties in the area, starting in Dubai and spreading to other countries in the area.


As a youth he swore that he would never be a businessman because his father had made him work long hours after school in the family clock business. He wanted to just get a degree and work normal hours as a professional. His attitude changed, however, when he found an opportunity to purchase a large volume of candy which he then resold at a nice profit to his fellow classmates.


He received an engineering degree from the University of Washington in the US and then went back home to work as an executive in an oil company. When the Gulf Wars occurred, he was very successful at forming a company that provided catering services to the US Army. The catering division of his enterprises is still active today, and very profitable.


In 2002, Sajwani founded Damac Properties to take advantage of a government decree that allowed foreigners to take up permanent residence in his country. He moved quickly to establish himself, using the capital and experience gleaned from his catering experiences. By using innovative promotion and fundamental business sense, he was able to purchase property in an undeveloped area, and sell out his first project in six months, a 38 story apartment project.


The Damac owner always pays cash for his land. That way there is never a question as to him leaving or moving on. His projects each have their own bank account so that there is no transfers or mingling of funds. Abundant cash reserves are kept so that construction will continue, even if the economy goes bad. The real estate projects are never financed over a 20 percent limit.


The Hussain Sajwani family members are also involved in the business as much as they wish to be. Sajwani understands that family talent is essential to the long-term aspects of the business and he plans accordingly.


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Who Is Marc Sparks?

Marc Sparks is an eminent entrepreneur, and venture capitalist. He graduated high school in 1975 with an average grade of C. Sparks barely has an educational background in what he does. However, he is passionate about helping other people create a path to success by turning different ideas into businesses. His boundless energy, and resilient attitude have earned Sparks many accolades as an entrepreneur. Learn more:


He has started dozens of outrageously successful startups within his 35 years of entrepreneurialism. Most of the startups are majorly involved in telecommunication, real estate, and business solutions. Some of the startups include Bluejay Wireless, Blue Ox logistics, Splash Media, and Cobalt Real Estate Services among many others. Learn more:

Sparks is the CEO of Timber Creek LP based in Dallas, Texas. Timber Creek is his current major venture capitalist company. It is a private equity firm that manages and maintains dozens of portfolio companies. The company’s objective is to turn dreams into income generating products and services. It helps businesses meet their goals by providing capital, marketing, office space, and equipment among others. Learn more:


Apart from being a successful serial entrepreneur, Sparks is also an author. He decided to document his journey so that other people can learn from him. In 2014, Sparks published a book titled,They Can’t Eat You. He reveals how the C student transformed into a serial entrepreneur. In the book, he shares both his successes and failures. When he wrote the book, he aimed at encouraging entrepreneurs to keep going even when they face setbacks. After all, Sparks is no stranger to challenges. Learn more:


Marc Sparks is also a passionate philanthropist. He has given back to the society by helping homeless shelters like Samaritan Inn, in Texas. Sparks has also taken part in building homes with Habitat for Humanity. He is a great supporter of America Can Academy. Sparks also started the Sparky’s Kids Foundation, which is involved in giving computers to at-risk kids, with an aim to break the cycle of poverty.


Marc also engages in stress relieving activities, given the huge responsibilities he has. Sparks loves to partake in outdoor activities like biking, hunting, fishing, and adventurous travel. He gets inspiration from the dozens of exotic places he visits. Serengeti, Machu Picchu, and Angkor Wat are among the beautiful places Sparks has visited.


In a nutshell, Sparks transformed his high school grade of a C into more than 35 years of entrepreneurialism. He started dozens of flourishing startups. Sparks also published a book that reveals his successful journey. Apart from being a hardworking businessman, he also takes part in philanthropic activities. Sparks is also an outdoor enthusiast. It is no secret that Sparks’ story is indeed an epitome of bare-bones success.