Anil Chaturvedi Indian Origin Banker Based in Switzerland

The world of banking is highly competitive, and tons of bankers are popular in this field. However, one of the bankers that have been able to make a mark for him in the financial sector is Anil Chaturvedi, who is currently the Managing Director of the Swiss-based Hinduja Bank. It is a private bank in Switzerland, and Anil Chaturvedi took the post of the bank’s MD around six years back. He started his career in India working for several local banks before moving to the United States, where he joined the State Bank of India as its business development manager. As the business development manager of State Bank of India’s New York branch, he helped the bank to earn revenue of nearly $500 million in just a couple of years. It is what helped him win the title of Man of the Year award as well at the bank.

After leaving State Bank of India, he worked at ANZ Grindlays and then joined Merrill Lynch after a couple of years. At Merrill Lynch, Anil Chaturvedi worked for nearly seventeen years and was even included in the Circle of Champions. Anil Chaturvedi has helped Hinduja Bank in the last several years to not only increase its revenue but also its market reputation. The marketing strategy that has been implemented by Anil Chaturvedi has helped tremendously in ensuring that the bank continues to strengthen its grasp on the market. He has also assisted in improving the bank’s customer service as well as increasing exposure to the European market.

In the last few years, Anil Chaturvedi has helped the Hinduja Bank, one of the most preferred Swiss Banks that many companies prefer, especially when they are extending their business in India. He has assisted in promoting the fact that the economy of India is booming and the trade laws in the past few years have changed. Anil Chaturvedi has completed his BA from Delhi University and Masters in Business Administration from the FMS College, New Delhi. Anil Chaturvedi is one of the most sought after bankers in the world with nearly four decades of experience in the industry.

Banco Bradesco Upholds Internal Recruitment Amidst Reshuffling And Luiz Carlos Trabuco Cappi Is In Charge

It is factual that many organizations have now realized the benefits of selecting their workers internally instead of parading posters and billboards with advertisements of external recruitment or hiring the services of a consultant who specializes in the hiring of employees. Apart from it being time-saving, internal recruitment is relatively inexpensive compared to external recruitment. Moreover, the candidate in question will always ask for slightly higher pay but all in all, it will not be higher than with the case of external recruitment. Perhaps that is why when Brandao de Mello who served at Banco Bradesco was resigning, he left strict instructions for the company to continue electing its members through internal recruitment.

Why did Brandao de Mello Resign?

Brandao de Mello had been working at Banco Bradesco for quite some time. It must have been about three decades of him serving as the president of the organization. In his tenure, he mentored many youths alongside working with various project managers in the election of better team leaders who would instigate change in the company. Moreover, he made sure that the company was always in a position to highlight critical issues on the clients and their need to receive better services. Bradesco is one of the leading bank in Brazil. Alongside the fact that he joined the bank at a time when it was just gaining its prominence in the country, Brandao de Mello perfected the art of offering the right services to employees. Over and again, did he earn his client’s approval as a dedicated team leader and the man behind the management of the organization. After serving the bank for decades, he stepped down and left his roles for Luiz Carlos Trabuco Cappi who chaired the meetings and oversaw the development of significant transitions that would, later on, help his clients to enjoy the right services.

Read more: Novo presidente do Bradesco substituirá Luiz Trabuco dia 12 de março

Who is Luiz Carlos Trabuco Cappi?

Perhaps you have heard of the man who won the title of the most influential entrepreneur in Brazil. Even better, maybe you have heard of the chief executive officer of a leading bank in Brazil called Banco Bradesco. He started as clerk when he was only 17 years old. His name is Luiz Carlos Trabuco Cappi, and he has often been associated with significant leadership roles including introducing Banco Bradesco to the media and working on the development of substantial financial reforms that have since gained prominence over the past years. What you may not be aware of is the fact that he joined this bank when he was hardly an adult who could comprehend the manner in which the banking world operated. Even better, he was always portrayed as a learner in significant meetings. However, over the years, he learned the benefits of working on his resume and grew it to an excellent reference point for young entrepreneurs who aspired to be as successful.

The Outline

Now that Brandao de Mello left him in charge for a while, Luiz Carlos Trabuco Cappi took advantage of the position and ensured that his input would be meaningful. That is why he even contributed to the election of Octavio de Lazari Junior who took over as the president. It is correct to deduce that with excellent leaders, internal recruitment can be upheld and it can also be an amazing way of saving a firm’s resources.


48 Years After Joining Bradesco, Luiz Carlos Trabuco Has Become The Bank’s Chairman Of The Board Of Directors

For the next few months, Luiz Carlos Trabuco will hold the enviable double-title of chairman of Brazilian bank, Banco Bradesco. This follows his appointment to the position of chairman earlier in the month of October this year. The position had unprecedentedly become vacant after its previous holder, Lazaro Brandao decided to resign at the age of 91. The appointment of Luiz Carlos Trabuco to a new docket has also created the need to have someone else take his previous position. However, the next president will not be selected until March 2018, thus creating the need for Luiz Carlos Trabuco to continue being president.

Taking over from Lazaro Brandao

Lazaro Brandao was the only person who had been at Banco Bradesco longer than Luiz Carlos Trabuco. In fact, Mr. Trabuco’s 48-year stay at the bank compares starkly with Lazaro Brandao’s 74-year stay. Further, Mr. Brandao had been the chairman of the board for a whopping 27 years and also the president of the bank for a considerable amount of time before that. Consequently, even the highly accomplished and celebrated Luiz Carlos Trabuco will have a hard time filling in the gap left by Lazaro Brandao. However, the same was also said of Mr. Trabuco when he took over as the bank president from the much more experienced Marcio Cypriano in 2009. He has gone on to have a highly successful tenure in what has been arguably the toughest economic climate in Brazil for the last few decades.

Read more: Trabuco: Despite the uncertainties, investors believe in the countrycreditam-no-pais

Process of Selecting a New CEO

As dictated by the bank’s bylaws, presidential appointments at Bradesco can only be made before the annual shareholders’ meeting. Consequently, the selection of the new president will not be made until March 2018. That said, when the time comes, the Bradesco board will vote on the best pick from a list of potential candidates constituting of only Bradesco employees. The tradition of only considering those already working at the bank for the presidency is one that Bradesco has held on to for a long time. In fact, all of the bank’s previous presidents appointed by the board were previously working at the bank for a considerable amount of time. Therefore, the next president will be one of the people currently serving as a vice president at the bank.

Brief Profile of Luiz Carlos Trabuco

Luiz Carlos Trabuco hails from the small Brazilian city of Marilia. Coincidently, this also happens to be the place where Amador Aguiar, Bradesco’s founder, set up the bank’s first office. He studied sociology and psychology at both the undergraduate and postgraduate level. However, despite not having an academic background in banking, he has matured greatly into a highly respected banker. Consequently, he is often consulted by the media on issues relating to the health of the Brazilian economy.

After three decades working at the bank, Luiz Carlos Trabuco was appointed the bank’s president in 2009. While his immediate mandate at the bank was to continue expanding it into a financial giant, he was unfortunately held back by the struggling Brazilian economy under the weight of the global financial crisis. However, he initiated a well thought out organic growth plan that not only helped the bank survive the difficult period but also continue growing through it. After the economy improved, he continued the bank a lot more aggressively, particularly with the acquisition of HSBC. Valued at $5.2 billion, the acquisition was the biggest in Bradesco’s history and also the biggest financial transaction in Brazil for 2015. Hopefully, he will continue with the same pace at his new position as chairman.

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Luiz Carlos Trabuco May Get Bradesco Back To The Largest Bank In Brazil Sooner Than Expected

Executive Luiz Carlos Trabuco holds an influential position in Brazil as the CEO of Bradesco, the nation’s second largest private bank. Trabuco held other executive positions at the bank, including the marketing department and a vice presidency, however, it was his leadership as head of Bradesco Seguros that showed that he was CEO material. The insurer increased its share of the bank’s assets from 26 percent to 35 percent under Trabuco’s leadership.

As the CEO of Bradesco, business and economic leaders in Brazil follow Luiz Carlos Trabuco’s decisions closely; his opinions frequently appear in newspapers and magazines. Trabuco represents the bank’s stable image perfectly; he dresses professionally and measures his words before speaking. As for his personal life, Trabuco is married with three children and he lives a calm life, therefore, when he speaks, the focus is on the bank, not him.

Having large shoes to fill, Luiz Carlos Trabuco takes over the helm from his predecessor, Márcio Cypriano, who significantly increased the bank’s assets from $5 billion to $30 billion. Currently, Bradesco has $150 billion to go to surpass Itaú Unibanco, the largest bank and Bradesco’s main competitor. Trabuco plans to open new branches and facilitate organic growth to increase the bank’s standing. Additionally, Trabuco pushed for segmentation, which gives ultra-wealthy customers special privileges, which Bradesco implemented, even giving high income clients differentiated service with Bradesco Prime. To help get Bradesco back into the number one position, Trabuco acquired HSBC in 2015, paying $5.2 billion for Brazil’s largest business.

While Trabuco has said that, “Leadership itself is not a goal,” he made a bold move to fight for leadership. It would have taken years for Bradesco to organically gain the number of account holders and deposits it did with the acquisition.

After graduating from the University of São Paulo, where he studied philosophy, and his sociopsychology at the School of Sociology and Politics of São Paulo, Trabuco started as a clerk at Bradesco, which was the beginning of a 40-year career. He moved to the bank’s headquarters quickly, where his career took off.

Well thought of by his peers, Bradesco turned down an invitation from President Dilma Rousseff to run the Ministry of Finance. He continues to work long hours, even after reaching the pinnacle of his career at the bank. He also earned the Entrepreneur of the Year award from Dinheiro.

Born in 1951, Luiz Carlos Trabuco is nearing age 65, at which time he will exceed Bradesco’s age limit for CEO’s, which is 65. Trabuco was appointed CEO when his predecessor turned 65, however, the shareholders are so pleased with his performance that they may raise the age limit to 67, in order to keep Trabuco on. With the integration of HSBC, it would be challenging for a new CEO to step in and carry on with Trabuco’s plans.

Insurance is Trabuco’s forte, which he still maintains an interest in as head of Fenasaúde, Brazil’s health insurance association. Additionally, Luiz Carlos Trabuco serves as a VP of the Institute for Supplementary Health Studies.

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