Why Luiz Carlos Trabuco is Considered One of the Leading Executives in Brazil’s Financial Sector

Luiz Carlos Trabuco rightly is the Chief Executive Officer (CEO) of Bradesco. He has held this position for over seven years now. Luiz Carlos Trabuco holds a critical position in the Brazil’s financial industry. Bradesco is not only the second largest private bank in Brazil (was the largest before 2009) but also the second largest bank equity. Luiz Carlos Trabuco rose to the helm of Bradesco because he demonstrated (through other positions in the held in the company for 40 years) that he is a loyal and a results-driven professional who is customer-centered and desires to grow the company innovatively.

Before he began his career at Bradesco, Luiz Carlos Trabuco attended the University of São Paulo where he studied philosophy, sciences, and letters. Later on, he attended Fundação School of Sociology and Politics where he earned a certificate in Socio-Psychology. Luiz Carlos Trabuco then joined Bradesco in 1969 as a clerk when he was an 18-year-old teenager. As a junior staff of the company, he had to work extra hard to differentiate himself from the lot. His hard work paid off 15 years later when he was made the marketing director.

As the marketing director, Luiz Carlos Trabuco never disappointed those who appointed him. He worked on the bank’s communication channels and soon, they were recognized as modern and favorable for the members of the media fraternity. His impressive performance over the eight years as the marketing director earned him a new title, the executive director and president of Bradesco Previdência (one of the subsidiaries of Bradesco.) In his latest post, Luiz Carlos Trabuco signed a deal that would see Bradesco Seguros sponsor the Christmas Tree of Lagoa, in Rio de Janeiro for two decades.

In 1993, Luiz Carlos Trabuco was made the president of Bradesco Seguros. He ascended to the position from the post of executive vice president of Bradesco Seguros. Luiz Carlos Trabuco never wasted his chance to impress his superiors. He presided over the expansion of Bradesco Seguros. The company doubled in size; with the growth, came increased cash inflows. The expansion enabled Bradesco Seguros to cement its position as one of the most lucrative subsidiaries of Bradesco.

In 2009, Luiz Carlos Trabuco became the CEO of Bradesco. He is the second CEO to serve in the office since the first CEO & the founder of Bradesco, Amador Aguiar, passed away in the early 90’s. Luiz Carlos Trabuco assumed office when Bradesco was the talk of the town because the merger between Banco Itaú and Unibanco had thrown the Osasco headquartered bank off balance. The alliance pushed Bradesco to the second place regarding the control of the Brazilian financial sector by private firms.

Cognizant of the occurrence in the financial sector, the newly appointed CEO turned a blind eye on the dethronement of Bradesco. Instead, he chose to focus on the improving service delivery to all Bradesco’s esteemed clients. However, six years later, Luiz Carlos Trabuco oversaw the negotiations between Bradesco and the Brazilian branch of HSBC. He announced, with the blessings of Chairman Lázaro Brandão, that Bradesco was planning to acquire HSBC Brazil for $5.2 billion. A transaction that would be considered the biggest in Brazil that year.

The acquisition of HSBC Brazil would mean that Bradesco was on its way to reclaiming its position as the largest private bank in Brazil. In fact, with the purchase, Bradesco dethroned Itaú Unibanco in some aspects such as branch network, number of account holders, and total investment funds. While Itaú Unibanco maintained leadership in some areas such as assets, deposits, and loans granted, Bradesco is giving Itaú Unibanco a run for its money.http://www1.folha.uol.com.br/mercado/2017/10/1926427-sucessao-no-bradesco-vira-alvo-de-aposta.shtml

Jeremy Goldstein Enlightens Employers about Knockout Stock Options

According to Jeremy Goldstein, many corporations today do not provide stock options to their employees. Some argue that they do so as an approach to saving money. However, Jeremy sees the reasons to be more complex than what employers are claiming. He shares three major concerns that necessitate the corporations to curtail the benefits. Firstly, the stock value is bound to drop, and this makes it hard for the employees to decide.

 

Secondly, many employees today are wary of the compensation approach. They are aware that economic disappointments normally render the market options worthless. Lastly, the stock options result in significant accounting burden for the employer. On a positive note, the compensations are better than additional wages or insurance covers. The reason is that the approaches are simple for the employees to understand. Jeremy Goldstein’s analysis on the knockout options is of importance to both parties.

 

About Jeremy Goldstein

 

Jeremy Goldstein is the Founding Partner of Jeremy L. Goldstein & Associates. He has been with the firm since its founding in 2014. Before Jeremy L. Goldstein & Associates, Jeremy was a partner at Wachtell where he was effective in the firm’s legal address in regard to compensation and other law programs. He also served at Shearman & Sterling as an associate and legal consultant.

 

Academically, Jeremy Goldstein possesses a Juris Doctor in Law from the New York University. He also possesses a Master Degree in Art History from the University of Chicago and a Bachelor Degree in Art History from Cornell University. At the boutique law firm, Jeremy Goldstein is dedicated to offering advisory services to CEOs, corporate, and compensation committees.

 

Conclusion

 

Overall, Jeremy Goldstein is idolized because of his quality advisory skills and in-depth legal knowledge. He is a frequent legal writer and speaker in major corporate functions. In the US, Jeremy is a celebrated top attorney.

 

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Human and migrants’ rights group – their role

Human rights protection is a global affair that needs to be addressed by every country in the world. Long are the days when discrimination of some communities was seen as legal.

The world is way past that and any government that allows or practice discriminatory tactics needs to be condemned in the strongest terms possible. The exercise of human rights should never be a preserve of any government. It is a mandatory affair.

They must be implemented without hesitation. Human rights are considered to be part of the law of the land in many countries around the world. Even in countries that do not have the rights under their constitution or do not have a constitution at all, these rights apply as part of the international law.

Human rights were set out in the 1948 United Nations Declaration on Human rights. Learn more about Michael Lacey and Jim Larkin: http://www.laceyandlarkinfronterafund.org/about-lacey-larkin-frontera-fund/michael-lacey/

In the world today there groups or organization that stand out in the protection of human rights. These groups fall under three categories. They are; human rights groups, civil rights groups, and migrants’ rights groups. In almost every country, these groups have a presence.

The number one role is to monitor the status of human rights practice in the society. They are supposed to speak up for any illegal activities that deny people their rights. A few of these organizations include:

The Advocates for Human Rights

The Advocates for Human Rights is an organization that has been in existence for about thirty years now. The organization has been supporting protection of rights of minority groups such a women, children and immigrants from all over the world.

The Advocates for Human Rights, however, remains an independent, nonprofit and non-partisan rights group. Their only stance is on the protection of human rights. This organization has its outreach even at the grassroots level.

The Advocates for Human Rights also offers free or low-cost legal support to people seeking asylum. The group comprises of lawyers who have a responsibility of educating victims of human rights violations on the action to take as well as offering free training intended to create awareness among the people on their rights.

Lacey and Larkin Frontera Fund

The purpose of this fund is to fund non-profit organizations that stand up for the rights of immigrants into the state of Arizona. The fund group was created by journalists Michael Lacey and Jim Larkin. They had been arrested for revealing the contents of a grand jury proceeding report involving a notorious Arizona Sheriff Joe Arpaio.

Michael and Jim sued the state for violating their rights. They won the case, and the appeals court ordered they be paid $3.75 million as settlement fee. This is the money they used to establish the Lacey and Larkin Frontera Fund.

Read more: Jim Larkin | Angel.co

 

Bradesco’s Stock Is Off Due To Temer’s New Approval Ratings According To CEO Luíz Carlos Trabuco

When the words, “Brazil” and “the government” are in the same sentence, most people get an uneasy feeling. Michel Temer, the former vice-president of Brazil took over for ousted President Dilma Rousseff in 2016, and most Brazilians were hopeful he could turn the economy around. The brutal two-year recession hurt the middle class, and it may take years for that segment of the economy to bounce back. Even though Temer is trying to get the country moving again, his approval rating is low. In fact, it is the lowest presidential approval rating on record, according to a recent Ibope poll. A National Industry Confederation report shows 77 percent of the population think Temer is doing a terrible job. More than 63 percent of Brazilian women think Temer is a bad president. Meanwhile, the economy is making a comeback. Businesses are attracting foreign investors again. And the Brazilian banks are turning in record profits, according to the CEO of Banco Bradesco, Luíz Carlos Trabuco.

Temer is pursuing a number of government measures he thinks will restore fiscal credibility to his country. He is also putting several new bilateral trade agreements together with the U.K., China, the EU, and the United States. But in spite of Temer’s performance and popularity rating, Bradesco stock hit a low note on Wall Street the other day, even though the 50-day moving average of the stock is higher than the 200-day average of $9.49. The 50-day average is $10.27. The bank’s P/E ratio is 11.4875 and Bradesco’s market capitalization is 63.61B, according to Mr. Trabuco.

Banco Bradesco is a leader in the banking industry. Bradesco is not as big as Itaú Unibanco, but thanks to the 2015 acquisition of the Brazilian arm of HSBC, Bradesco is gaining on Itaú, in terms of assets under management. The bank offers financial services and products to corporations, individuals, and institutions. And it provides services and products through banking, and through the insurance division, Banco Seguros. Banco Seguros is a major profit center for the bank, according to Trabuco. Luíz was president of the insurance group from 2003 to 2008. While Bradesco Trabuco was president, Seguros life, and pension plans were the catalysts for 30 percent of the bank’s total profits. Mr. Trabuco is a banking veteran with more than 45 years of banking experience. Trabuco is not an accountant or a financial expert. He didn’t leave one bank and find a cushy high-level job with Bradesco. Luíz is a long-term company man who knows the internal operations of the bank like the back of his hand.

Seguros premiums are more than $13.4 billion so far in 2017, thanks to a surge in business from existing clients. Growth in all segments of the insurance business will continue to add more money to Bradesco’s bottom line even though the Brazilian economy is still in recovery mode, according to the Trabuco. But Bradesco’s banking numbers at stronger than ever, thanks to more than 4,500 local branches, 4,200 service centers, and more than 31,500 ATMs. The seventy-four-year-old bank’s main headquarters is in Osasco, Brazil, and the bank has three international branches.

Bradesco offers short-term loans, working capital loans, promissory notes, and credit cards to its extensive client list. The bank also provides life and accident insurance as well as personal property, casualty, and liability insurance to millions of Brazilians, according to Mr. Trabuco. Trabuco is the fourth president in the bank’s history. He put an executive team together that got Wall Street’s attention. No one is sure when Mr. Trabuco will retire. His contribution to the bank in terms of customer relations and solid management skills are well-known in the banking industry.

See: http://www.infomoney.com.br/mercados/noticia/6024599/frases-luiz-carlos-trabuco-sobre-economia-brasileira-davos