Luiz Carlos Trabuco To Choose Replacement As CEO Of Bradesco

Luiz Carlos Trabuco, the acting CEO of Bradesco bank, has announced that he will soon be leaving his current role in order to take over as chairman of the bank’s board of directors. This is big news at the Brazilian financial giant, which is among the largest such institutions in the country.

With more than 5,000 branches, $400 billion in assets and over 110,000 employees, Grupo Bradesco is one of the most important financial conglomerates across Brazil and the entire Latin American region.

As CEO, Trabuco will be responsible for appointing his own replacement. At first, it was widely speculated that he would be looking outside of the bank’s own employees for talent to replace him at CEO. While this claim had some merit, especially given the fact that Trabuco himself had complained at length about the dearth of skilled executives that the country was producing, the rumors were quickly put to rest by Trabuco himself. He stated explicitly that he was not interested in searching outside the company for the next CEO and that he would not be parting from the time-worn company tradition of recruiting executives from within the Bradesco ranks.

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This would seem to leave a total of seven candidates who are qualified to be potentially tapped for the CEO position. However, those close to the proceedings say that there are really only two possible candidates that are likely to be in serious contention for the bank’s top spot.

The fist is the company’s 57-year-old chief risk officer. Alexandre Gluher has spent the majority of his career with the bank. As a result, he is one of the most senior people among all of the candidates. Gluher was also responsible for the complete risk assessment and stratification of all of the assets from the HSBC Brazil acquisition, a major project that allowed Bradesco to complete the transaction. Gluher is a widely respected figure within the bank, and he holds a number of advanced degrees and an impressive overall resume.

But those who know Luiz Carlos Trabuco say that he is someone who is far less impressed by soft performance metrics. Trabuco is on record stating that such attributes as seniority and academic credentials rank lowest on his list of considerations for hiring. Trabuco is also known to be a staunch advocate of the adoption and development of technology, viewing it as one of the main vehicles by which the bank can differentiate itself from others in the financial space and drive real customer value creation.

For these reasons, it is being widely speculated that the most likely candidate to replace Trabuco will be the bank’s 56-year-old chief IT officer Mauricio Minas. Although Minas lacks the seniority of many of his colleagues, having only been at the bank a relatively short while, he has accomplished a great deal over his brief tenure.

Among Minas’ accomplishment have been the creation of the wildly popular Next online banking platform. Next has been a major driver of both cost savings and increased organic growth, causing millions of customers to flock to the innovative Bradesco services offered within its interface.

Another key accomplishment of Minas was the complete integration of all of the technological assets of HSBC into the Bradesco systems. This was a major piece of the puzzle in the acquisition of HSBC Brazil, which has been one of the most important components of Bradesco’s recent success. Since the acquisition, the Bradesco stock price has soared, testing its all-time highs of ten years ago.

Combined, all of these reasons make it likely that Minas will be named as the next Bradesco CEO. With Trabuco at chairman and Minas as the operations executive, Bradesco will be well-poised to take on the future.

Search more about Luiz Carlos Trabuco: https://g1.globo.com/economia/noticia/conselho-do-bradesco-escolhe-octavio-de-lazari-junior-para-substituir-trabuco-como-ceo.ghtml

Seattle Genetic’s Clay Siegall Shares NFL News And Opinion

On his blog Chief Executive Officer Clay Siegall posted an ESPN article about one of Tom Brady’s family version Super Bowl rings. The ring was owned by one of his family members who put it up for auction. It sold for a record amount for Super Bowl rings, $344.927. The last ring to sell for a record amount was in 2012 when the Lawrence Taylor, formerly an LB for the Giants, sold his for $230,401. The family version of a Super Bowl ring is similar to the one Tom Brady still owns but it has 18 fewer diamonds in it and is 10% smaller.

In other NFL news on his blog, Clay Siegall has another ESPN article about the Tampa Bay Buccaneers running back Peyton Barber. He has dyslexia but he says that he considers his condition as an asset, not a disability. He says that when he tries to read his playbook it often makes little to no sense. To understands the playbook by reading it over and over again as well as drawing them out on paper. What helps the most, though, is that he does a physical walkthrough of each play so that he can fully understand it.

Clay Siegall is the CEO of Seattle Genetics, Inc. He co-founded this company in 1998 and became the CEO in 2001. When their first drug was approved by the FDA, Adcetris, he said that he and his team had basically no experience at all when it came to launching a drug commercially. Because of this he formed a partnership with another firm, Takeda, to successfully launch this cancer drug in the United States and Canada. He says that in return for Takeda paying his company substantial amounts of money they brought his drug to market and handled the marketing.

Over the past 17 years Clay Siegall has formed partnerships with a number of pharmaceutical companies. He says that sometimes he is approached to form a partnership and sometimes he seeks them out. One of the partnerships Clay Siegall signed was with Astellas and he signed a 50/50 partnership with them for their cancer drug Enfortumab vedotin.

 

Jose Auriemo Neto: Developing JHSF

Jose Auriemo Neto is a Brazilian executive who serves as chief executive officer and chairman of JHSF Participacoes SA. JHSF is a business that deals with commercial and residential real estate in Brazil. Jose Auriemo Neto supervises the company’s hotels, retail and shopping portfolio, and office buildings. JHSF is most prominent real estate company in Brazil. It operates with three capitals and four business units. JHSF also works in upscale hotels, residential and commercial markets, shopping center and acquisition management, and the international airport. It has been operating since 1972, making quite significant profits. Manaus, Salvador, and Sao Paulo all benefit from its businesses.

Some of the buildings Jose Auriemo Neto watches are very prominent in Brazil. In Sao Paulo, Cidade Jardim shopping complex is quite popular. There are also others that include the Bela Vista in Salvador, the Ponta Negra in Manaus, and the Metro Tucuruv. Under Brazils budding economic market, two more developments in the Sao Paulo district are being constructed.Jose Auriemo Neto has directed JHSF’s first endeavor into the retail scene in 2009. He signed first-class partnership contracts with Pucci, Jimmy Choo, and Hermes.

These brands were opened in the JHSF owned Cidade Jadrim shopping center. By 2012, they secured a premier partnership with Valentino. This launched the first R.E.D. Valentino shops in Brazil.Jose Auriemo Neto first started working for JHSF in 1993. He has a degree from Fundacao Armado Alvarez Penteado University. Jose Neto founded the association’s service department by his creation of a parking lot management company. In 1998, he secured the rights for development of JHSFs first shopping destination in Santa Cruz. He then oversaw its development on a regular basis.