The Bradesco Bank is one of the largest banks in Brazil. They are looking to continue you their growth through effective leaders with the knowledge and a clear plan. The time has come for the bank to select a new president. The current president of the Bradesco Bank’s name is Luiz Carlos Trabuco Cappi.
Cappi has been working at the Bradesco Bank since 1968. When he began working at the Bradesco Bank, he was a clerk. While working as a clerk, he received his masters and bachelors degree from local universities. The topics that he studied were not directly related to banking, but they have aided him in his banking career for many years. For example, his Socio-psychology helps him with the different thought processes of the people around him.
Luiz Carlos Trabuco Cappi after working as a clerk for 15 years. He was promoted to the Marketing Director for the Bradesco Bank. In 1992 Trabuco became the Chief Executive Officer of Life and Foresight Bradesco Bank, a private pension company. In 1998 Trabuco was chosen to be the Managing Director for the Bradesco Bank. One year after Cappi became the Managing Director he became a member of the Executive Vice President Board. In 2003 he became the President of Bradesco Insurance. In 2009 he was named the new President of the Bradesco Bank. The time has come for someone to take his place and lead the company to even more success. The Succession and Appointment Committee is responsible for selecting a new president for the company.
The Bradesco Bank has set their committee in charge of selecting the person to be the new head of the company. They decided on Octavio de Lazari Junior being the new President of the Bradesco Bank. Octavio de Lazari Junior is 54 years old and has been working at the Bradesco bank for almost 40 years. He is the Executive Vice President of the bank and the CEO of the Bradesco Group. When begins as President of the Bradesco Bank, he will continue working as the Chief Executive Officer of the Bradesco Group. Lazari works closely with credit company outside of the Bradesco Bank which is where he acquired the most experience in credit related work. he has explained his knowledge on the topic and went on to hold positions of leadership inside and outside of the company. The reason he was picked over his peers is that he is active inside and outside of the bank. He is the best fit for the growth of the Bradesco Bank. He works towards growth constantly.
The Succession and Appointment Committee was interested in Mauricio Minas to be the President of the Bradesco Bank. Minas is over the technology department at the bank. Lazari was able to surpass Mauricio Minas because of his work outside and inside of the bank. He has received many promotions since he started working at the bank and he continues to grow and the company progress along with him.
BMG has joined Itau Bank. The banks’ officials, Roberto Setubal and Ricardo Guimaraes, signed the historic deal. According to the agreement, the move will not affect any credit that is already in operation. The merger will see the formation of a giant company that will strive towards dominating the industry. Ricardo Pentagna Guimaraes is president of BMG while Roberto Setubal is the executive president of Itau. The two leaders made this announcement to the public.
The executive vice president of BMG, Marcio Alaor de Araujo, negotiated the deal. His excellent negotiation skills saw the companies reach a deal in just three days. Following the deal, the new corporation will be named Banco Itau BMG Consignado SA. However, the agreement will not change BMG’s area of business. The institution will still be focusing on providing Brazilian firms with payroll-deductible loans. This information was originally published on otempo.com.br as explicated in the following link http://www.otempo.com.br/capa/economia/bmg-se-associa-ao-banco-ita%C3%BA-1.283289
Changes to BMG’s operations are still minimal. The executive leaders want the integration to happen as smoothly as possible without discomforting the company’s clients. New interest rates on payroll loan financing have not been revised. In addition, other operational details have not been changed.
The merger of the two companies has created a giant company with a capital of R$ 1 billion. The bank’s headquarters will be based in Sao Paulo. According to the agreement creating the company, BMG will control 30 percent of the total and voting capital stock. Itau Unibanco will control the remaining 70 percent. The partnership will help the two companies to consolidate their grip on the Brazilian market. Moreover, they will be able to grow faster.
Speaking during the announcement, Marcio Alaor said that the partnership will see BMG’ capital increase. He estimates that there will be over R$ 800 million available to the company every month as compared to R$ 500 million that the firm could raise previously. BMG will also be able to tap into the 3 million clients at Itau’s disposal. Such aspects may soon see BMG join the rank of top ten banks in Brazil. Marcio will serve as the commercial director of Banco Itau BMG Consignado SA.
BMG’s parent company also promises to inject a further R$ 300 million into the enterprise. Itau bank will also make a contribution of R$ 700 million. These funds will ensure that the new partnership has an additional R$ 1 billion as it starts its operations.
About Ricardo Guimaraes
Ricardo Guimaraes is an executive leader and successful businessman. He is the heir to the prestigious Banco BMG, a bank owned by the family since 1998. Ricardo serves as the president of the financial institution. The experienced executive leader has managed to establish the company as a leader in personal loans and payroll loans. He has achieved this success through effective business strategies and signing strategic deals. This information was originally mentioned on Wikipedia as elaborated in the link below https://pt.wikipedia.org/wiki/Usu%C3%A1rio(a):Ricardo_Guimaraes_BMG/Ricardo_Guimar%C3%A3es_BMG