Luiz Carlos Trabuco Looks To Future As Newest Chairman Of Bradesco

Luiz Carlos Trabuco has become a household name throughout Brazil. As a longtime employee of Grupo Bradesco, the largest private bank in the country, he established himself as one of the leaders of finance in the region. In 2009, Trabuco was appointed as CEO of the bank, making him the firm’s fourth CEO and marking a high point for the bank that, just 30 years before, had been little more than a small regional concern.

Now, Trabuco has announced that he will finally be leaving the position that he has held for the last 9 years. He has accepted an appointment to the position of chairman of the board of directors, a spot that he will be taking over from the outgoing chairman, Lazaro Brandao. At 93 years old, Brandao is one of the oldest currently serving executives in the world. His departure marks the end of an incredible 75-year career with the bank, a journey that started for Brandao with his hiring, all the way back in 1943.

Taking over for such a legendary figure in the world of Brazilian finance will be no small task for Trabuco. But Trabuco himself has gained a formidable amount of experience and has accrued an impressive track record as an executive in various roles with the bank. As the head of the bank’s marketing and PR department in the 1980s, Trabuco was able to establish the Bradesco brand as one of the most recognizable and favorably viewed in the entire Sao Paulo region.

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

Trabuco was again able to work his magic after he was appointed to head up the bank’s then-struggling financial planning division. There, Trabuco began creating leaner and more efficient Bradesco. He began an initiative to actively recruit some of the nation’s wealthiest customers. At the time, Brazil was experiencing a period of tremendous growth, quickly launching the once poverty-mired country into the ranks of the truly advanced nations.

Trabuco saw the opportunity presented by the many beneficiaries of Brazil’s industrial success. He wooed them to Bradesco with things like luxury facilities, personal banking staff and mouth-watering complimentary items. This strategy to attract the nation’s richest banking customers became one of the most important factors in the bank’s rise throughout the 90s and 2000s. As the bank’s balance sheet swelled under the influx of billions of dollars in new deposits, it was then able to originate massive numbers of new loans, totaling in the tens of billions. By 2009, Bradesco was managing hundreds of billions of dollars in assets and had thousands of employees.

As CEO, Trabuco’s track record was a bit more mixed. The first few years of his reign as CEO saw some tough times for the bank. Although most of the bank’s headwinds were macroeconomic in nature, leaving very little that Trabuco could have done to sail clear of them, by 2014, the bank’s stock price was in a slump, trading at just over 20 percent of its all-time highs of the late 2000s.

But in 2015, Trabuco was able to complete a momentous acquisition. He got word that HSBC was looking to divest its Brazilian assets. Decades in the trenches of one of the most ruthlessly competitive banking markets in the world had convinced HSBC that it was time to focus on greener pastures. In late 2015, Trabuco announced that he had orchestrated the purchase of HSBC Brazil for $5.2 billion in cash. This marked the largest deal in Brazilian history and earned Trabuco the Isto E Dinheiro 2015 Entrepreneur of the Year Award.

Given his record of stellar performance, it is likely that Trabuco will continue leading Bradesco with the same profitable touch that has served both him and the bank so well in the past.

See: http://www.valor.com.br/financas/5306443/bradesco-anuncia-octavio-lazari-no-lugar-de-luiz-carlos-trabuco

Sheldon Lavin’s Extensive Charity List

Sheldon Lavin, the CEO and Chairman of OSI Industries is usually busy working with clients on new food specialties such as a new burger put out by a fast food restaurant or a hot new item for supermarket shelves. But he also is well known for philanthropy that he and fellow executive David McDonald take part in both through OSI’s funds and by volunteering in their spare time. Charities that Lavin supports include the Jewish United Fund, the Evans Scholarship Fund, the Boys and Girls Clubs of Chicago, The National Multiple Sclerosis Foundation and the Ronald McDonald House Charities. Lavin has been active in philanthropy because he wants what OSI Industries does to be bigger than just making money.

Sheldon Lavin may be the leader of a multi-billion dollar company that has reached around the world, but he prefers that it runs more like a local family-owned company just as it was founded. Even though the company is headquartered in Geneva, IL, Lavin has said that it is not just a central place for directives. Lavin and McDonald tend to work close to plant workers and like to have an open door to anyone’s suggestions and ideas. Lavin also makes rewarding employees for their hard work very important, and one thing OSI Industries can be proud of is having workers who tend to stay around long-term.

Sheldon Lavin’s expertise was not in meat processing when he first came to OSI Industries, but instead was in investment advice and financing for big companies. He had gone from investment banking to business consulting when the owners of Otto & Sons, the original name of OSI Industries came to him for assistance in financing construction of one of the company’s first large processing plants. As part of this initial financing deal, Lavin was offered a chance to become an owner in the company. He did not accept this at first because he had planned to stay in financial consulting for the long-term, but he did decide to become more involved with Otto & Sons. He became CEO in the late 1970s after the company started building plants overseas in a joint effort with McDonald’s, and by the early 1980s he then bought the rest of the ownership shares.

Since taking over as CEO, Sheldon Lavin has opened OSI locations in 17 different countries and is currently launching a new operation in the Philippines. Even though most executives over 80 years old would consider retirement imminent, Lavin is still doing what he loves and indicates he’s going to continue until he’s physically unable to do it. Along with awards given to OSI Industries as a whole, Lavin has been honored with the Edward C. Jones Community Service award and the Global Visionary award.

Read More: www.forbes.com/companies/osi-group/

Furthering Technology

When life gives you lemons make lemonade. When the internet gives you email, make do with it and build upon it. This is the idea that Bob Reina had when it came to how to build the perfect communications program on top of an archaic piece of technology. Even though we all use email in our day-to-day lives, especially for business, we do not think about what it could mean for the future. Email is a very simple thing and is only actually used to send messages to people over long distances.It is generally an updated version of the pen pal system. Businesses use them frequently to make formal messages back and forth about business deals or when they want to stay in communication with other colleagues about jobs. Never before has it been considered a tool for furthering communication. The name of the program that Reina created is Talk Fusion, which just so happens to also be the name of the main product I’m talking about above. Talk Fusion is a video chat interface that can be connected to an email and used to communicate with people from a click of a button. The way it works is pretty easy, you start a new email message to somebody and while you’re typing if you have the option to video call. When you want to ask someone to video chat with you all you have to do is click a button in your email window and you will be immediately call them. This is an excellent idea for businesses, as it allows you to have quick meetings with colleagues to build much-needed rapport. Interesting we enough it is also a great way for you to get closer to other people and can be used to allow outside of the business World To communicate with people for educational purposes. Learn more: https://www.linkedin.com/company/talk-fusion-corporate

 

It is unsure where this technology is going to take Bob and Talk Fusion in the future, but it is clear that wherever this product goes it is sure to evolve and change over time. If the concept of email is not survivable after the next few years, with new advances in technology being what they are, then Talk Fusion may need to become its own element without the need for a host.