Lazaro De Mello Brandao’s Resignation Reveals More About Bradesco’s Culture Regarding its Employees

Organizations motivate their staff differently. Promotion, recognition, and monetary incentive top the list of the preferred methods of motivating employees. Promotion, in particular, has been a successful method of motivating staff for one Brazilian bank, Banco Bradesco SA. The 74-year-old bank is undoubtedly the leading institution in Brazil regarding employee retention and promotion.

The recent resignation of Lazaro de Mello Brandao, 91, aptly shades light on the importance that Bradesco attaches to the development of its staff. Before he stepped down, Brandao was the chair of the board of directors of Bradesco, representing the Bradesco Foundation, the controlling shareholder of Bradesco, in the board. Brandao had been the president of the board for close to three decades. In fact, between 1991 and 1999, Brandao was both the chair of the board and the president (CEO) of Bradesco according to valor.com.br.

Brandao’s story at Bradesco is a source of inspiration for employees starting out their careers in lower cadre roles. In 1943, Bradesco, which was in its budding stage, hired Brandao. The 17-year-old Brandao had modest professional qualification, and he was lucky that the bank hired him as a clerk. Without college certificates to boost his case, Brandao had to work twice as much to initiate his journey up the corporate ladder. Luckily, for him, Bradesco recognizes and awards performance. The bank appointed him director in 1963.Fourteen years later; he was made the overall vice president with Amado Aguiar as the president of Bradesco. Aguiar resigned in 1981 and the bank settled on Brandao to succeed Brandao as he was seen as the leading candidate who understood the inner workings of the Osasco-based Bradesco.

Read more: Next Bradesco president to leave the bank’s board of directors, Says Trabuco

Between 1981 and 1991, Aguiar was the chair of the board of directors with Brandao as the president. Unfortunately, Aguiar’s health began deteriorating, and in 1991, he stepped down. Bradesco’s management failed to identify someone else, apart from Brandao, to succeed Aguiar, the founder of the bank. The man who started as a clerk was now holding two critical posts in the largest private bank in Brazil, at the time. Moreover, Brandao was not cowed; he held both positions for eight years, resigning as CEO in 1999. Marcio Cypriano, another professional who started out his career at Bradesco, took over. Meanwhile, Brandao continued serving the bank as CEO until he stepped down on October 11, 2017.

Luiz Carlos Trabuco

Just like Brandao, Luiz Carlos Trabuco is emblematic of Bradesco’s high retention of staff. He is the serving CEO and chair of Bradesco. While he took over the presidency of the bank in 2009, the appointment as chairman occurred immediately Brandao announced his resignation. One wonders how Luiz Carlos Trabuco is juggling both posts especially now that Bradesco is a massive bank valued at over $413 billion (2017). Perhaps Luiz Carlos Trabuco studied his predecessors, Aguiar and Brandao, who at one point were in his current position. But Luiz Carlos Trabuco is lucky as his tenure as president will elapse soon. He is expected to resign in March, and focus on his new office.

The imminent resignation of Luiz Carlos Trabuco has generated interest in Bradesco and the entire Brazilian banking sector. As usual, the bank will pick one of its high-ranking leaders to succeed Luiz Carlos Trabuco. Some of the leaders who are under consideration, according to insiders on istoedinheiro.com.br, include Mauricio Machado de Minas, Alexandre da Silva Gluher, Domingos Figueiredo Abreu, Josué Augusto Pancini, Marcelo de Araujo Noronha, Octavio de Lazari, and André Rodrigues Cano.

A look at the professionals on the list of “potential CEOs” is yet another confirmation of the high retention issue. Five of them joined the bank in either the ‘70s or ‘80s. Only two of them, Noronha and Minas, were hired recently.

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

John Holt Gives Keynote Address at a Major Banking Conference

NexBank Capital Inc. President and CEO John Holt recently served on the panel of the Texas Bankers’ Association during its 5th Annual M&A and Strategic Opportunities Conference, which was held in New Orleans, Louisiana. Mr. Holt took part in a discussion titled “Reinventing Community Banking: Perspectives on Competing by Innovation”.

This annual conference gives leaders in the banking industry an opportunity to network and share ideas concerning issues that affect the industry. They similarly share perspectives about principal opportunities in the money markets, and challenges that community bank leaders face. Participants alongside panelists who are chosen to make presentations explore strategic opportunities via gradual growth and balancing, and through M&A activity.

NexBank Inc. in Brief

NexBank Inc. is a leading provider of financial services. It is based in Texas and mainly serves its clients through three main businesses. These are mortgage banking, institutional banking, and commercial banking. The bank has made a name for itself in the financial services industry for providing customized banking and financial services to institutional clients, nationwide corporations, other financial institutions, and private clients.

NexBank has experienced exponential growth due to its dedication towards the delivery of cutting-edge financial solutions. Since its establishment, it has become renowned for its focus on the reliably and timely execution of clients’ mandates. Its extensive range of financial solutions and lending capacity has made NexBank one of the most recognizable names in the banking industry.

NexBank Inc. has continually partnered with similar like-minded corporations to offer its products. Since its early days when it was known as Heritage Bank, it has been dedicated towards ensuring that clients’ interests are given prominence. The bank has been in operation for more than 95 years, something that has given it an in-depth understanding of the market. The financial institution’s national stature is attested to the fact that it serves clients in Texas and beyond.