Luiz Carlos Trabuco attended the World Economic Forum this year that took place back in January. The annual forum is composed of delegates from around the world an opportunity to explore and discuss various ways private and public entities can tackle various economic issues. Brazil, Latina America’s largest economy and the worlds 8th largest has had some very challenging political and economic turmoil over the last few years. In 2014 the Brazilian economy report growth in the GDP and since continued to show signs of improvement. The government has invested billions of dollars in the support of the implementation of many public private partnerships (PPPs) and has effectively demonstrated the positive effects of them. Read this article about Luis Carlos Trabuco at Estadao.
Despite these positive signs shown recently, the banking and finance expert has raised his a few red flags that need to be considered when giving an honest assessment of the situation in Brazil. Luiz Carlos Trabuco pointed specifically to what is referred to as an economic recovery cycle. Mr. Trabuco indicated during the first stages associated with a recovery cycle, it is expected to show positive signs. Despite the positive data returned from 2014, he is afraid more turbulent economic times are possibly ahead. Luiz Carlos Trabuco continued by stressing there is truly a need for the creation and implementation of ways to control government spending. Luiz sees a direct link between government overspending and the vulnerability it put the Brazilian economy in.
Luiz Carlos Trabuco recently attended the Ordinary General Assembly (AGO) meeting where several changes at the leadership level of Bradesco was announced. The current Chief Executive Officer and former President introduced Octavio de Lasari as the 5th president of Banco Bradesco. During the AGO meeting, it was revealed that after 75 years with the bank Lazaro Brandao would be retiring. The 91 year old would no longer serve as Chairman of the Board of Directors. The new president will be faced with many challenges, but with such a decorated professional career, Bradesco’s executives have full confidence in his ability to do so. Learn more about Luis Carlos Trabuco at Crunchbase.