Brazil’s Second Largest Bank Is Going Through A Management Change According To Chairman Luiz Carlos Trabuco Cappi

Banco Bradesco is a big bank by any country’s standards. Bradesco has more than 5,300 branches and more than 4,800 service branches. There are more than 38,000 “Bradesco Express” units located in drugstores, supermarkets, department stores and in other retail location around the country.

Plus, Bradesco has more than 38,000 ATMs, and the bank is a pioneer in developing a biometric reading system. It’s not hard to understand why Bradesco is such a banking powerhouse in the largest country in Latin America. Founder Amador Aguiar built his bank in Osasco, a small city in the state of Sao Paulo in 1943, and the bank’s headquarters is still in that metropolitan area. While Aguiar was building his bank brand, he also built a management team, and part of that management team still has a reputation for making money.

Lázaro de Mello Brandão, one of the bankers who help start the bank, is responsible for putting the current management team together, and that team rivals any banking team in the country. Brandão’s management team has a secret weapon, according to the more than 100,000 Bradesco employees. That secret weapon is Luiz Carlos Trabuco Cappi, the man who is replacing Brandão. At 91, Mr. Brandão is ready to retire and enjoy life. And Cappi is stepping from the CEO’s office to the Chairman’s office to continue what Lázaro started. But make no mistake, Cappi has an impressive banking resume that stands on its own. Cappi joined the bank in 1969 and he started at the bottom. He isn’t a finance expert or an accountant. Cappi is a businessman who knows how to use psychology in his banking decisions. Cappi has a degree in philosophy and psychology.

Luiz Carlos Trabuco Cappi is responsible for the 2015 merger with HSBC’s Brazilian operation, and he is the man behind the bank’s digital banking platform. But he didn’t achieve all his banking success alone over the last 40 years. His management team is one of the best in the business, so when it came time to find his replacement, Cappi found one in the bank’s insurance division. Octavio de Lazari, the president of Seguros, is the new CEO of Bradesco. Cappi and Lazari know how to work together. Cappi was president of Seguros from 2003 to 2009, so both men have a similar banking resume. No one expects Lazari to go off script and develop a new banking mission. According to Cappi, Lazari will continue to close under-performing bank branches and expand digital banking services in 2018.

Bradesco is a top stock pick on Wall Street this year. The new management team might seem new to people who are not familiar with the internal structure of the bank. But it will be business as usual as Lazari takes over and Cappi focuses on his Board of Director duties. Most of Cappi’s team members are still on board. Four of those members were just elected to the board, so they will have additional responsibilities. And Cappi will continue to support Mr. Lazari as he faces the challenges that only banking in Brazil can produce.

Search more about Luiz Carlos Trabuco Cappi: https://oglobo.globo.com/economia/bradesco-anuncia-novo-presidente-octavio-de-lazari-junior-vai-substituir-luiz-carlos-trabuco-cappi-22365414#ixzz56wDld69g

The Method of Discipline as Shown By Highland Capital

One of the most important aspects of investment is discipline. One of the issues that people have to deal with is the desire and eagerness to jump into an investment. One thing that people have to manage is their thoughts when it comes to investing. A lot of people have this idea that they are going to get rich quick. While anything is possible, it is not to be expected. After all, making money from investments require a lot of research and learning about the inner workings of the market. Therefore, it is important for one to work on building income in a reasonable manner.

 

Highland Capital Management by James Dondero is a great example of the discipline that is needed. They show restraint in their approach to investing. They understand that it is not a good idea to jump into anything right away. They make sure that they have their emotions in check. They also know when not to invest. Among the times when they shouldn’t invest is when they are feeling a lot of intense emotions. For instance, when desperation sets in, this is a really good time to avoid making investments. To invest recklessly could bring forth a lot of excess costs.

 

One of the things that Highland Capital does is make sure that they are able to identify potential losses and avoid them. They are also able to mitigate the losses so that they can avoid any set backs. One thing that Highland Capital Management has shown is that they have a sound plan for business. This plan and approach involves a careful look at the markets in order to identify when something is a potential good investment. Even with careful research, Highland Capital is run with the understanding that the markets are unpredictable. Therefore, they plan for any unexpected turns as well.