Luiz Carlos Trabuco Speaks Out On The Direction Of The Brazilian Economy

He is one of the most celebrated presidents of Bradesco Group. In his recent analysis of the economic policies, Mr. Luiz Carlos Trabuco Cappi has pointed out that there is an urgent need to open a conversation at the national level on the issue of privatization of previously government-owned companies in Brazil. The Chairman of the Bradesco Board further pointed out that infrastructure funding will have to be done through the capital markets. The Bradesco Board Chairman observed during an interview by the press that the private sector will leverage investment in infrastructure.

The Need for Privatization

Mr. Luiz Carlos Trabuco Cappi noted that the public still needs to be sensitized and educated on the importance of growing the private sector. There is still a tendency to only trust the government to implement life-changing projects. Mr. Luiz Carlos Trabuco Cappi was backed by the former BNDES director and ex-Chairperson of Electrobas who noted that it is critical that agencies and companies owned by the state should be included in the discussion on privatization according to Ms. Elena Landau observed that it is not tenable for the state to be an active participant in economic transactions. She cited the recent changes in the federal economy as a good example to demonstrate his point. The former Electrobas executive observed that it was not proper for some government officials to behave as if some companies were untouchable. Ms. Landau had no kind words for the infrastructure for state railway. She noted that Valec had become an agency to divert public resources into private hands.

Read more: Bradesco anuncia novo presidente: Octavio de Lazari Junior vai substituir Luiz Carlos Trabuco Cappi


She further noted that the privatization of Electrobas was long overdue. Ms. Landau pointed out that there was no political will to speed up the privatization agenda. However, she said that privatization was not a choice. The wind is already blowing at high speed, and that stakeholders had better prepare for the forthcoming change. She also faulted PSDP for failing to defend its legacy for the years it has been in existence.

Luiz Carlos Trabuco; Background and Views Regarding His Successor

The Chairman of the Bradesco Board has served Bradesco Group for over four decades. He became the president of Bradesco in 2009 when the group had started showing some signs of lethargy. It had been relegated to the second or third position in the ranking of private banks in Brazil. Mr. Trabucco will be remembered for having reinvented the magic at Bradesco and helped the group to regain is the leadership of the private banks. The legendary executive is coming to his retirement soon. The group has already chosen his successor. Mr, Luiz Carlos Trabuco Cappi believes that the choice to appoint Octavio De Lazari as the next Bradesco president is the best decision the Selection Committee has made in the recent past. He acknowledges that Octavio is an experienced officer with the interest of Bradesco at heart. He confessed having had a cordial working relationship with the 39-year-old Lazari. Octavio De Lazari, like Trabuco, has climbed through the ranks to be chosen as the next Bradesco President. He beat a host of candidates who mostly included Vice Presidents of the group.

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