Running a major banking company requires someone with a variety of skills. Bradesco is a major bank in Brazil today. With the economic growth taking place in Brazil, the company is doing well financially. There are many people who credit the growth of Bradesco to Luiz Carlos Trabuco Cappi.
During his time as the CEO, the company has grown rapidly. Luiz Carlos Trabuco Cappi is the type of person who is not afraid to make big decisions. With his personality, he has made some mistakes along the way. However, the company is better off due to his leadership.
The banking industry has changed rapidly in recent years. The real estate market is booming in many areas of Brazil. This has led to more people than ever before taking out loans to purchase real estate. Many investors are having trouble finding financing for the homes that they want to purchase.
Several years ago, Luiz Carlos Trabuco Cappi decided to make getting a loan easier. He saw a need in the market to move loan applications online. Although older customers still prefer to go inside banks, many younger customers enjoy the online format. This is just one of the many ideas that Luiz Carlos Trabuco Cappi has had to take his company to a new level.
Investing in Talent
One of the biggest issues that Bradesco was facing when Luiz Carlos Trabuco Cappi took over was high turnover. Turnover is costly to a business for various reasons. Not only does it cost time and money to replace workers, but it reduces morale within a company when people leave.
Luiz Carlos Trabuco Cappi decided to start investing more money and time into his employees. He greatly increased the pay of workers at his bank. He wanted workers to have the ability to make more money than ever before. He offered incentive programs based on the metrics that workers were measured by.
In addition, Luiz Carlos Trabuco Cappi also offered various other benefits for people working at Bradesco. He offered flexible working hours for many of the workers. This is a huge selling point to younger people.
In a short period of time, Luiz Carlos Trabuco Cappi was able to greatly reduce turnover in his company. This has led to huge cost savings in a variety of areas. Not only that, but many of the best workers across the banking industry want to work for Bradesco.http://bradesco.infoinvest.com.br/relatorios-cvm/ptb/000906/20001231/5/31.12.200.pdf
The economy in Brazil is growing rapidly. During great economic times, many companies start to take on debt and invest for the future. Luiz Carlos Trabuco Cappi has taken the opposite approach. When he took over as CEO, Bradesco had high levels of debt in a variety of areas. He decided to start paying down the debt as much as possible. This has led to several positive changes in the financial position of the company.
Not only has the credit rating of Bradesco increased, but the interest rate on the revolving debt has decreased as well. This is a huge source of cost savings for the company.
Luiz Carlos Trabuco Cappi is a dynamic CEO who has done a lot of good things at Bradesco. However, he has also made a lot of mistakes during his time as CEO of the company. Over time, he has learned from his mistakes and refined his leadership style to meet the needs of his company.