Luiz Carlos Trabucco Cappi Restores Bradesco To The Helm Of The Brazil’s Banking Industry

Luiz Carlos Trabuco Cappi took over the presidency of Bradesco, a leading private financial institution in Brazil in 2009. At the time he assumed the presidency, Itau Unibanco, a longtime competitor of Bradesco had taken over industry leadership. On his appointment, he stated that his primary objective would be improving the services the bank offers to its clients as opposed to competing with Itau Unibanco for the top position.

Luiz Carlos Trabuco Cappi became the fourth president of Bradesco. His appointment came after the retirement of predecessor Marcio Cypriano. Marcio was leaving the organization as in line with the statute of the bank, which doesn’t allow presidents who are over 65 years. By the time he was leaving, he had raised the market value of the giant bank in Brazil from $5 billion to $30 billion. The other former presidents include Amador Aguiar, the founder, and Lazaro Brandao, the current board chairman who appointed Luiz Carlos Trabuco Cappi to succeed Cypriano.

Achievements

In 2015, Luiz Carlos Trabuco Cappi signed one of the biggest corporate deals in Brazil. With the approval of Lazaro Brandao, the chairman of the board, Mr. Trabucco bought HSBC’s Brazil branch at the cost of $5.2 billion. The deal revived Bradesco’s fight for the top position in the banking segment. With the HSBC deal, Banco de Deus bank beat Itau Unibanco in three primary segments namely; the total investments, the number of account holders and branch network. Moreover, Bradesco also beat its rival in terms of loan granted, assets and deposits.

During an interview with MONEY in 2015, Luiz Carlos Trabuco Cappi emphasized the importance of the deal stating that without it, the bank would take six years to beat Itau Unibanco. Following this remarkable achievement, he was crowned the Entrepreneur of the Year in the Financial Sector by MONEY. On signing this historic deal, Luiz Carlos Trabuco Cappi got recognized as one of the most prominent corporate leaders in the country. As a result, he demands a lot of respect as handles funding of most of the largest investments in Brazil.

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Education and Career Background

Luiz Carlos Trabuco Cappi, 66, was born Marilia, the home city of Bradesco. He graduated from the University of Sao Paulo with an undergraduate bachelor degree in philosophy, science, and letters. Luiz Carlos began his career in 1969 when he joined Bradesco. Just like any other organization, he went through the hierarchy levels. In 2003, he was elevated to serve as the president of Bradesco Seguros, the insurance arm of Bradesco. He led the insurer until 2009 when he was appointed the president of the leading financial institution in Brazil.

It was during his tenure at the insurer when his hard work and commitment towards achieving the organization objectives was noticed. Many corporate executives hold degrees in commerce, law, finance, and accounting. However, Luiz Carlos Trabuco Cappi achieved a lot with his degree in philosophy. During his tenure at the insurer, its market share rose from 23 percent to 25 percent while its contribution to Bradesco rose from 26 percent to 35 percent.

His hard work is also evident today. Sources close to him indicate that he arrives at the bank at 7 o’clock in the morning and works until 6:00 p.m. After leaving the office, he extends his work at business dinners. Luiz Carlos Trabuco Cappi’s innovation, creativity, and hard work earned him consideration by President Dilma Rousseff to serve as the minister of finance, a position that he turned down saying that he owes his life to Bradesco.

Find more about Luiz Carlos Trabuco Cappi: https://g1.globo.com/economia/negocios/noticia/sucessao-no-conselho-do-bradesco-foi-um-ato-planejado-diz-trabuco.ghtml

Big Jim Larkin – Friend or Foe?

James Larkin grew up poor. While still a child, he was forced to perform hard labor jobs to help support his family. Larkin grew up fast and did not like what he saw in the work force in Ireland. This type of upbringing may have had something to do with Larkin’s eventual choice as a Socialist.

By the time James was 29, he had submerged his interests in bringing change to the labor force and gained the title of a trade union organizer. With limited education, Larkin worked hard to form the Irish Transport and General Workers’ Union, two short years later. Read more: James Larkin | Biography and Jim Larkin | Wikipedia

Wishing for all employees to be treated evenly and fairly, over 100,000 unskilled workers joined Larkin’s cause under the umbrella of the Irish Labor Party. For over 7 months, employee strikes controlled the streets of Dublin. Today, the most relevant strike is known as the 1913 Dublin Lockout. Their efforts paid off and workers were granted the right to fair employment.

James Larkin made a huge impact for unskilled workers in Ireland and continued to fight for equality in Ireland. Although he was limited in his educational skills, James was not afraid to voice his opinion and to take physical action on behalf of his home country’s patrons.

Taking his beliefs to the United States, James met with severe opposition to his ‘loose cannon’ type of demeanor. However, many Americans see Larkin as a major player in standing up for unfair treatment in the workplace.

In 1923, he was deported to Europe where he was happy to continue his work under more pleasant surroundings. James continued fighting for the rights of workers until his death in 1947. His vision and ambitions to right a wrong are remembered to this day, regardless of the controversial opinion of the United States.

Fresh Graduates Advice-Vijay Eswaran

It is high time that facilities of higher education to change their system and start educating their students on how to create jobs rather than seeking jobs. According to Vijay Eswaran who is the Executive Chairman of QI Group, the plan should change to help students.

Vijay said that colleges, as well as Universities, should be inspired to teach students on how to risk in life by creating employment. Vijay also said that most students believe in first being employed and gain experience as they work with someone before thinking of venturing into their business and hire others. Learn more about Vijay Eswaran: http://www.wceforum.org/speakers/dato-sri-dr-vijay-eswaran/

He says that most of the fresh graduates are ever locked in one chain or another when it comes to searching for a job.

With the growth of technology jobs are changing making many organizations to make use of intellectual, robots, as well as locomotive to replace human efforts, and also the population is increasing.

Vijay Eswaran said this when he was addressing a forum at the University Malaya. Nevertheless, people in Japan, Taiwan, and China prefer to first gain experience before getting into the market with their business ideas and create job opportunities as they train others.

Eswaran advice to first-time job searchers is first to seek job positions which match their qualifications and studies. As a first time in finding employment, they can choose to either work for an established company or even start-ups.

What Vijay advise to job seekers is that they should take the decisions they make severe knowing that the working environment will affect their personalities as well as preferences.

Mr. Eswaran further said that even though he is encouraging students as well as education facilities to put more emphasis on job creation rather than job searching, it is not an easy task, and the students should first gain experience as well as training before starting as well as in corporate level of the business.

Mr. Eswaran said he began serving at a startup firm and it helped him become the leader he is today encouraging fresh graduates to do the same. As students, he said they should come with ideas which they can push and realize to the end as they focus towards the achievement of their goals.