Bradesco Set To Implement New Changes To Management With Recent Announcement

In early February 2018, Bradesco, one of the largest private banks in Brazil came forward to state that they will be electing a new President who is Octavio de Lazari Junior. The new president will be replacing Luiz Carlos Trabuco, who previously served as the President of the company.

Trabuco will however still remain the President of the company until Octavio de Lazari is fully instated to his post, which will happen when the official general shareholders meeting will be held on the 12th of March, 2018. Until then, he will have to perform all of his functions, in addition to the new role that he has been initiated to.

The stream of changes to the leadership at the company commenced after Lázaro de Mello Brandão, the previous person serving as the chairman of the company decided to retire at the age of ninety-one. He was one of the longest and oldest serving banking chairmen in the entire world, and even though there was no pressure for him to retire, he decided to take a step back from work and pass on the torch to another member of Bradesco.

When Lázaro stepped down from his position, the next person that was seen as the most viable fit for the company was Luiz Carlos Trabuco. Trabuco had been serving as the President of the company for the past couple of years and was seen as someone who was excellent in leading the company. Having an ample amount of experience in the field led Trabuco to notable positions within the company, and the industry as well. Today, Trabuco is considered to be one of the most notable members in the field of banking and insurance.

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Trabuco taking over as the President of Bradesco was one of the best things for the company as a whole. Trabuco has worked from the very base of the company, having started his journey with Bradesco at an incredibly early age. Many years down the line, he became one of the more notable people in the company when he took up the position of CEO of Bradesco Seguros, an insurance segment of the company. When he took over Bradesco as the President, he had decades worth of experience and ideas that would bring the company up to the number one position in the banking industry in Brazil.

Bradesco has always lived by the policy of appointing members to the company from within their staff itself. The company does this to ensure the quality of their leaders, and to make sure that they adhere to the values that the company lives by. When it was time to select a chairman, Luiz Carlos Trabuco was the first person that came to mind for the board of directors. However, when it came to appointing a new President of the company, the members of the board were met with a lot of disagreements and varying views. However, in the end, they all decided that Octavio de Lazari will be the best fit for the company and its overall growth.

Visit https://g1.globo.com/economia/negocios/noticia/sucessao-no-conselho-do-bradesco-foi-um-ato-planejado-diz-trabuco.ghtml for more details about Luiz Carlos Trabuco Cappi.

The Latest Strategy for Increasing Homeownership in Dallas

Nexbank is helping Dallas Neighborhood Homes and Dallas Area Habitat for Humanity offer mortgage loans to low-income residents in Southern Dallas. The bank is providing as much as 50 million in loans over the next five years. Nexbank will supplement its generosity with additional help to the borrower. They will pay the title fees and an additional $2000 in closing costs.

Dallas Area Habitat for Humanity and Dallas Neighborhood Homes has partnered to give low-income families an opportunity to acquire homes at an affordable price. As the Sr. V.P. of Dallas Area Habitat for Humanity, Mark Tribuna states, “…By putting more families in their own homes, homeowners enhance the quality of their lives while improving their children’s chances for a better future.” Essentially, these groups are investing in the future of Northern Texas.

The other organization, Dallas Neighborhood Homes is a state licensed non-profit mortgage lender that helps home buyers secure mortgage financing. Their company motto exemplifies why Dallas Area Habitat for Humanity created it: “Making the American dream a reality, one home at a time.”

They chose to combine forces with Nexbank, the $3.5 billion regional bank founded in 1922. It’s usually works in the realm of traditional mortgage, commercial and investment banking and operates in an advisory capacity to corporations.

Nexbank saw what was happening in Dallas as an opportunity for it to put into practice one of its most prized beliefs as a trusted partner to families and individuals. They believe in helping their clients develop strategies for managing cash flow and creating ways to grow their wealth even in today’s challenging economy.

Continue reading about Nexbank:

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