Luiz Carlos Trabuco Assumes Bradesco’s Board Presidency

Speaking of Luiz Carlos Trabuco as an executive only would be stripping him of his many titles. Summed up, he is part of what suits the description of a mythical dynasty. Carlos Trabuco is but the fourth individual to assume the presidency of Bradesco, the largest banking institution in Latin America. The lineage started with the founder, Amador Aguiar. Since 2009, Trabuco has occupied a position synonymous with power: Managing a financial firm that has over $900 billion in assets and serves more than 27 million clients and 4.5 million companies.

Bradesco Under Trabuco’s Leadership

Under the leadership of Luiz Carlos Trabuco, Bradesco realized tremendous growth. Within six years, the bank has doubled its size reaching an asset worth of R $78 billion from R $32 billion in the 2008 fiscal year. During his first full year of administration, the company’s return on equity saw a spike, jumping up from 22% to 29%. On the other hand, Bradesco Seguro’s participation with the bank grew to 35% from 26%.

Bradesco Seguro’s positive performance hedged Trabuco’s chances of earning the favor of the bank’s board that was to elect Marcio Cypriano’s successor as the president. Finding the someone who would carry on Bradesco’s traditions and culture was not easy, both for the voters and the elect. The situation was the same with the election of Cypriano as Lazaro Brandao’s successor in 1991. Cypriano was behind the bank’s expansion cycle. Between 2001 and 2004, Bradesco had acquired Banco Cidade, Finasa and Zogbi, Maranhao, and Ceara financial institutions, including all operations at Deutsche Bank.

Many names with leading capacity were mentioned during the succession: V.P Jose Luiz Acar Pedro and Milton Vargas. However, it is Luiz Carlos Trabuco who was elected, because of the vast experience he has with the bank spanning more than 40 years.

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

Carlos Trabuco Assumes Bradesco’s Board Presidency

In October 2017, Lazaro Brandao handed the eight-man board his resignation letter as the president of the Board of Directors. The emotional occasion saw Luiz Carlos Trabuco named the board’s president. Lazaro Brandao’s resignation came sooner than expected as it was scheduled for 8th March 2018. Granted, Trabuco was supposed to relegate the day-to-day operations at the bank to one of the seven sitting vice presidents.

In March 2018, Bradesco announced the election of Octavio de Lazari Jr. as the bank’s president. Nonetheless, Trabuco was expected to carry out his responsibilities as the Board’s president and as the bank’s president until the official announcement after this year’s Annual General Meeting according to folha.uol.com.br. Lazari assumes the position against the popular opinion that Mauricio Minas, one of the VPs and the person in charge of technology, was fit for the job.

Education Background and Career History

Luiz Carlos Trabuco is an alumnus of the University of Sao Paolo, where he graduated with Philosophy, Sciences and Letters certificates. He also holds a postgraduate diploma certificate in Psychology from the School of Sociology in Sao Paolo.

He joined Bradesco in 1969 as a clerk. After 15 years, he became an executive officer of the bank before becoming the CEO of various subsidiaries of the bank in 2009.

Learn more about Luiz Carlos Trabuco: https://g1.globo.com/economia/noticia/conselho-do-bradesco-escolhe-octavio-de-lazari-junior-para-substituir-trabuco-como-ceo.ghtml

Rocketship Education Personalizes Education For Each Student

Rocketship Education public charter schools are quickly becoming a pioneer in the education industry for grades K-5. They are improving the various standards of education and helping students learn in ways that suit them, with standard a curriculum and individualized training to help students that have fallen behind in grade level. Students at Rocketship Education have shown they are capable of raising a child’s academic by more than just one grade level per year. One of the ways they can do this is through the MAPS system, which gives detailed growth scores for Rocketship Education and parents to use to help their students learn and improve at the rate they need to.

Students that have fallen behind will never catch up without a proper system in place to help them reach their potential, especially in underprivileged communities. This is why Rocketship Education accepts all students. The majority of their students today come from low-income families throughout their respective areas, which accounts for more than 20 thousand students today. Rocketship Education has various public charters schools throughout California and is expecting to spread to more states in the near future.

Rocketship has been making headlines for their dedication to improving education for students, especially with their personalized learning methods. Rocketship is a strong advocate for technology within the learning environment when its purposeful and they believe it greatly improves the quality of a students learning. This level of personalized learning goes deeper to understand the needs of each student and how they can improve, including the home environment. Rocketship Education allows teachers and parents to become acquainted and perform visits as part of their learning model, to help to build communication between parents, teachers, and students. This strong connection allows the parents to be apart of their child’s learning and helps teachers better engage their students in the classroom.

The Working Life of Fortress Investment Group Co-Founder Randal Nardone

A principal and co-founder of Fortress Investment Group Randal (Randy) A. Nardone is a lawyer by training. Holding a Juris Doctor Degree from Boston University School of Law (he also earned a BA in English and biology from UCONN) he practiced law with the Thacher Proffitt & Wood law firm. By the time he left the law practice, he was a partner and held a seat on the firm’s executive committee. After leaving Thacher Proffitt & Wood Mr. Nardon joined BlackRock Financial Management Inc. He was a principal at BlackRock. Randal Nardone went to work for the Switzerland based banking firm UBS in 1997. During his one year tenure with UBS, he held the post of managing director.

In 1998 along with Wesley R. Edens and Rob Kauffman he co-founded Fortress Investment Group. Fortress manages credit funds, alternative assets, liquid hedge funds, and private equity.A principal at Fortress Investment’s, Randal Nardone has sat on the firm’s Board of Directors for the last 12 years. In 2011 Dan Mudd was serving as Fortress’ CEO. When Mr. Mudd took a leave of absence Mr. Nardone was tapped to act as interim CEO. After filling in for Mr. Mudd for two years Randal Nardone officially became Fortress Investments Group’s Chief Executive Officer in 2013. Randal Nardone is committed to helping Fortress’ clients understand the opportunities that are open to them and to helping them get the most out of those opportunities.

When the Japanese telecommunications/internet company Softbank acquired Fortress Investment for $3.3 billion in 2017 Mr. Nardone guided his company through the acquisition. He was determined that the change would not diminish the quality of the services Fortress offers its clients.In addition to the posts that Randal Nardone holds at Fortress Investment, he holds positions with six other companies. He is the president and chairman of Springleaf Financial Holdings. Mr. Nardone is a director at both Spring Leaf Finance Inc. and Spring Leaf REIT Inc.For a decade he has been a Director with Florida East Coast Holdings Corp. In 2006 Mr. Nardone became a director at Eurocastle Holdings. With Alea Group Holdings Bermuda Ltd. he holds the post of Non-Executive Director.Fortress Investment Groups 2007 IPO led to Randal Nardone becoming a self-made billionaire. His current net worth is $1.8 billion. He is ranked at 557th on the Forbes’ List of Billionaires. His annual salary from Fortress is $8,786,063.00.