High ranking Bradesco’s employees including Luiz Carlos Trabuco Cappi (current chairman and president of the bank) and the outgoing chairman Lazaro de Mello Brandao speak to the bank’s ability to retain its employees for long. Apparently, the bank has a low staff turnover. Brandao, 91, resigned after devoting over 74 years of his life to Bradesco. Cappi has worked at the bank for 48 years, and he just assumed the chairmanship of the bank.
Other employees who have worked at the bank for a significant period include some of those rumored as poised to take over from Cappi when he resigns as the president of the bank. They are Josué Augusto Pancini, Octavio de Lazari, André Rodrigues Cano, Domingos Figueiredo Abreu, and Alexandre da Silva Gluher. They joined the bank either in the ‘70s or the ‘80s. Other professionals in the list of those likely to replace Cappi are Mauricio Machado de Minas and Marcelo de Araujo Noronha who became Bradesco’s employees in 2009 and 2003 respectively.
Bradesco’s low staff turnover could be attributed to its attention to staff development. The bank rewards performance without any discrimination whatsoever. Brandao became part of the institution in 1943, and he was just a mere clerk. However, he resigned having held all the esteemed positions in the bank (presidency and chairmanship) and as a result rubbing elbows with the who is who in the Brazil’s financial sector. Cappi, just like the immediate former chairman, started out his career as a clerk at the bank in 1969. He is now the chairman and the CEO. He was appointed the CEO of the bank in 2009.
All the seven individuals seen as the frontrunners in the race to succeed Cappi joined the bank assuming entry-level or mid-level positions but all of them are now in charge of departments deemed to be the heartbeat of Bradesco. Cano is tasked with overseeing the human resources department, Lazari is the chairman of Bradesco Seguros, de Minas is in the head of the IT department, etc. Bradesco will continue rewarding its high performing employees.
Brandao’s resignation was a personal choice. The 91-year-old is glad to have served the bank in different capacities, and he believes it is time to let younger leaders take charge of crucial tasks at the bank for the sake of continuity. He will still retain lighter duties like the chairmanship of Fundação Bradesco and Bradespar SA. Apart from Bradesco related duties, Brandao is the chairman of the Institute of Diseases of the Digestive System and Nutrition.
The new chairman and the serving CEO is a respected professional in the whole of Brazil. He was President Dilma Rousseff’s choice for the head of the country’s ministry of finance in 2015. However, Cappi declined the offer as he believes that he is serving the society even better at Bradesco.
Cappi is a graduate of philosophy and Socio-Psychology. He pursued the former at the University of São Paulo and the latter at Fundação School of Sociology and Politics. Many people are surprised to find out what Cappi studied in college as many bank executives studied sciences, engineering, finance, or accounting. Apparently, it is not what a person studied in college that matters but a person’s career track record.
Various bodies have recognized Cappi’s work. GlobalCCU Awards honored Unibrad, a corporate university he established to meet the career development needs of Bradesco’s staff as the “Best Corporate University in the World.” Cappi won the 2009’s Don Quixote Trophy. Between 2006 and 2016, Cappi has been honored with a slew of titles including the most recent as one of the “Best CEOs in Brazil.”