Luiz Carlos Trabuco Assuming Chairmanship Of Bradesco, Will Not Remain As CEO

The position of CEO of Bradesco, one of Brazil’s largest and most important banks, will soon be up for grabs. However, the current CEO, Luiz Carlos Trabuco, who will soon take over as chairman of the board of directors, will be tasked with naming his own replacement. While there is much speculation as to who he will name, he has until March 1 of 2018 to finalize his selection, a task that he has assured investors and the press that he will take his time in completing .

The End of a Golden Era

The cause for Trabuco’s stepping down and taking up the chairmanship is both that he has now exceeded, by some time, the mandatory retirement age of 65 from the CEO position and that his boss, legendary Brazilian banker Lazaro Brandao, has decided to finally step down as chairman.

Brandao has reached legendary status among many in the Brazilian banking industry. The 91 year old financier has been with Bradesco since the age of 16, joining the bank in 1943, the first full year of its operation. He has acted in an executive capacity for the bank since 1981, the year in which he was named CEO. Between 1990 and 1999, he acted as both CEO and chairman simultaneously, the only time in the bank’s history that both positions have been held by the same person on more than a temporary basis.

But, perhaps, most importantly, the departure of Brandao represents the end of a golden era for Bradesco. For many, Brandao himself is almost inseparable from the firm. He is, to some, its very soul. No one else has been with the bank anywhere near as long as Brandao, who has literally seen it grow from a one-branch thrift lender into a national powerhouse of Brazilian banking, being the largest bank in the country across many different measures today.

In fact, the only other employee of the bank who comes close to Brandao’s impressive tenure is Luiz Carlos Trabuco himself, the current CEO of the bank. Trabuco started working with the firm in 1969, at the age of 18. Like Brandao, he rose through the ranks the old fashioned way – through hard work, determination and talent.

Read more: PDV exceeded expectations, says Bradesco president

By 1984, Trabuco had secured his first executive role with the bank, working as head of the marketing and PR department. By this time, Trabuco had gotten a master’s degree in social psychology and a bachelor’s in business administration. Over the next 25 years, he set about modernizing the bank. He was the first to implement various reforms, bringing the bank’s business model much closer to that seen by its highly successful North American counterparts like Bank of America and Wells Fargo.

Trabuco was the first one to implement a tiered banking product, concentrating on creating a luxury services brand for high-net-worth clients. This succeeded in attracting a great deal of capital to the bank. By the time Trabuco was promoted to the head of the insurance division, the financial planning division, which he had led since 1992, was among the most profitable units in the corporation.

Trabuco again proved to be hugely adept at running the insurance division, more than doubling revenues and converting Bradesco Seguros into the largest retail underwriter in the country.

But Trabuco’s tenure as CEO proved spottier than his past performances. Although most of the decline in the stock price that occurred under his watch was the simple consequence of inheriting a bank in an untenable macroeconomic situation, many shareholders still blamed him for weak performance.

But Lazaro Brandao himself has assured investors that, going forward, there is no better man to chair the Bradesco Board of Directors than Luiz Carlos Trabuco.

Visit folha.uol.com.br for more information about Luiz Carlos Trabuco.

Karl Heideck Explains How To Comply With New Traffic Laws in Pennsylvania

There is a new car seat law that you should be aware of in Pennsylvania. Children below two years should ride in a secure back-facing seat. This reduces the impact of a collision on the child by protecting their upper body and spine. It lowers their risk of dying or sustaining severe injuries in the event of a car accident. Those between two and eight years are required to ride in the car while strapped into a booster seat.

The seat should have straps and clips that fit snugly to secure the little ones in place. Kids above eight years or eighty pounds can ride in the standard passenger seat with the seatbelt firmly in place. Karl Heideck explains that the new traffic law attracts a fine for a violation as well as court fees. Car accidents have been identified as a leading cause of child injury and mortality in the US.

Consequently, the National Highway Traffic Safety Administration has issued guidelines on the correct usage of the various children car seats available on the market. There are rear-facing car seats for toddlers, front-facing seats for two to five-year-olds and booster seats for older and bigger children. They may then graduate to regular passenger seats.http://www.phillypurge.com/2017/08/23/karl-heideck-examines-the-newest-car-seat-laws-in-pennsylvania/

Karl Heideck reiterates that you need to be aware of how the law applies to you. The state of Pennsylvania has numerous inspection sites where you can get your car seats checked and verified. In addition, you can contact the Children’s Hospital of Pittsburgh as well as the Pittsburgh EMS Training Center to get your seats confirmed as safe for your children.

Karl Heideck is an experienced attorney serving the greater Philadelphia area. He graduated from Swarthmore College in 2003 and received his law degree from Temple University in 2009. He has a strong focus on compliance, risk management as well as litigation. Karl Heideck is adept at handling product liability cases, commercial litigation, business, and employment law.

Karl Heideck is committed to enlightening the public on legal matters in Pennsylvania. He takes the time to explain how various new and old laws affect citizens and advises on how to stay within the law. He is a successful blogger publishing legal research and opinion pieces related to his areas of expertise in law.

Bruno Fagali Successful Attorney from Sao Paulo with Specialization in Administrative and Compliance Law

 

Bruno Fagali is one of the most successful and reputed attorneys from Brazil and is the founder of the law firm named Fagali Advocacia. Even though he had a humble start when he started his law firm, it soon went on to become one of the most successful and influential law firms in Brazil.

The Fagali Advocacia handles the cases of many corporate companies in Brazil and has successfully fought and won many cases for its clients over the years. Apart from running his law firm, Bruno Fagali also works as the Corporate Integrity Officer at the Novo/SB Marketing Agency. As an attorney with specialization in administrative law, compliance law, mergers and acquisition, ethics, regulatory law, and other associated fields, he is often consulted by corporate companies to ensure their business machinery doesn’t overlap with the laws of the country.

Bruno Fagali has completed his studies in law at the Pontifical Catholic University of Sao Paulo. After completing his studies in law, Bruno Fagali went on to do specialization course in Ethics and Compliance Law from the reputed Getulio Vargas Foundation. The qualification of Bruno Fagali has equipped him with the knowledge to take on some of the most complex cases in the field of corporate law. His clients also include famous political personalities, public figures, and corporate companies from Brazil.

The best part about Bruno Fagali is that he loves to keep track of any and all amendments that take place in the field of law. Staying updated in the area of law is essential as it is for doctors in the health and medical industry. It helps them in meticulously change the direction of the case they are fighting in the court of law and provide justice to the clients. Bruno Fagali is based in Sao Paulo and is regarded as the go-to lawyer for any issues related to compliance and administrative law.https://www.escavador.com/sobre/3828478/bruno-jorge-fagali

George Soros Gives Billions to New Liberal Fund

George Soros, the Hungarian billionaire who frequently supports liberal political causes in the United States, has recently become the subject of a media frenzy following his public support of several newly developed organizations. One organization in particular, Media Matters, has recently become relevant to many media outlets in a relatively small amount of time. Soros’ support of Media Matters has been applauded and defended by several reputable news outlets including MSNBC, The Washington Post, and The New York Times. The billionaire recently discussed his motives for supporting Media Matters and announced his intentions of financially backing other major left leaning media contributors in the very near future.

Media Matters

Media Matters is a self-proclaimed watchdog media group that operates legally as a 501(c)(3) nonprofit organization and reports, analyzes, and corrects conservative “misinformation” as seen on major news networks like Fox News. The virtual news organization was developed in 2004 with a mission of attacking major news stories printed by reporters with whom they disagreed. Media Matters quickly expanded to include its founding reporter, David Brock, as well as other notable progressive reporters. The company gained relevance and funding through leftist think tanks like the Center for American Progress and the Service Employee International Union. Liberals at the top of the American government spectrum like Hilary Clinton and George Soros donated heavily to the news organization, causing it to grow rapidly from a small coverage site to a federally relevant news outlet. Read more about George’s life story at biography.com.

Soros’ Alignment

During his recent discussion on the importance of news outlets like Media Matters, George Soros stated that his funding of the organization occurred primarily because he strongly affirmed the organizations values. For decades since his initial entrance into the United States political arena, George Soros has actively engaged and embraced leftist principals and ideologies. Following the election of President Donald J. Trump in November of 2016, Soros contributed one of the largest donations to liberal organizations ever made in the country’s political history. The businessman expressed his concern about the current presidential administration during his discussion of his most recent donations. He stated that contributions from wealthy individuals who support the liberal cause were crucial to a successful interference with the new conservative administration. Leaders at Media Matters have praised Soros’ contributions to the organization in the wake of this new regime.

Future Plans

George Soros also discussed his plans for future involvement with Media Matters and other liberal think tanks that produce anti-conservative literature. Soros stated that his loyalty has always been with the Democratic political party for the past several decades and that he will continue to support leftists’ activists. Soros has made it his mission to progress the American society through the funding of liberal causes. Know more about George Soros on Investopedia.

Jason Hope Talks About How Internet Of Things Will Change Daily Routines

Jason Hope, the Arizona entrepreneur famous for founding Jawa, has recently published a series of articles exploring how the Internet of Things will affect people’s daily lives in the years to come. One of the areas that are likely to experience a radical transformation is the huge retail shopping industry. In particular, local grocery stores stand to be considerably disrupted and improved by the coming technology.

Fully automated shopping

Hope points out that many stores throughout the United States are already offering at least some form of limited home delivery. Hope believes that, as technologies such as automated shelf stocking and retrieval become widely available and cost effective in the coming years, these stores will begin offering home delivery services to a much wider consumer base.

In fact, Jason Hope notes, many people already have refrigerators in their homes which are capable of tracking inventory of items inside. In the future, these refrigerators may be authorized to place orders with the local grocery store whenever the total food stores drop below a certain level.

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With modern robots that can efficiently recognize and retrieve items from shelves coming online, grocery stores may use technology similar to that in driverless cars to automate shopping carts with robotic arms that can execute remote orders from autonomous refrigerators and cupboards. If this sounds far-fetched, Hope says that Amazon’s Fulfillment Center in Washington already uses this type of technology. Hope says that the price of these devices will inevitably drop, eventually becoming cheap enough for widespread implementation in grocery stores.

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Richard Shinto, Penelope Kokkinides and others leading Innovacare

Before the entrance of Innovacare to the Puerto Rican Healthcare system, their managed healthcare systems were almost non-existent. However, six years after the introduction of the company, patients are receiving the care that they need and the influence of the company is spreading really fast. The success of the company is partially because of the quality of the services that they offer. However, even more important to the success of the company has been the leadership that has been guiding the actions and direction of Innovacare. The two people that are holding the positions of CEO and COA are Richard Shinto and Penelope Kokkinides respectively.

The Chief Administrative Officer, Penelope, has been speaking to Ideamensch about the ethics and practices that got her to the level that she has reached in the company and she shared a few of the things that she believes in. For her day to be successful, she states that she tries as much as possible to ensure that every day she spends is unique and unlike another. Then, she adds that being active and constantly on the move keeps the ideas flowing. She adds that the one thing that keeps her mind ticking is fresh air. Visit Bloomberg.com for more info on Penelope Kokkinides.

She went ahead to state that in order to make ideas that are abstract come to life, she has put together a team of people whom she believes are the best talent to assist her. Penelope Kokkinides confides that it is her team that has helped her get to the level of success that the entire company is enjoying at this time. One of the trends that really fascinate her is technology. As a person who travels a lot, she had to depend on technology for communication from one person to the other and also because when instant communication is possible, she can comfortably coordinate the activities of her entire team, regardless of where she is. She added that she has never really been faced with a situation of a job she hated, but loves taking on new challenges.

Richard, the man at the top has been in the managed healthcare business for close to two decades. He had worked with companies such as MMM and Aventa Health before he got to the current position. He was also a chief medical officer at NAMM. He studied medicine at the New York University before getting his MBA from the University of Redlands. His leadership is the reason Innovacare Health has been so successful.

Capital Group Aims At Expanding Its Global Footprints With International Collaboration

Capital Group is one of the oldest, largest and most trusted investment management organizations, operating across the globe. The company has offices in various key cities in Europe, America, Asia and Australia. The total valuation of the assets managed by the firm is approximate $1.39 Trillion, which points towards the scale of business administered by the corporation. James Rothenberg was the former chairman of the company, who joined Capital Group in 1970 and helped enhance company’s brand identity globally, attracting new clients from across the globe.

Under the leadership of James Rothenberg, the company flourished and expanded worldwide. However, after his sudden unfortunate demise in July 2015, Timothy Armour took over the role as company’s Chairman, who has been working with Capital Group since 1983. Timothy after taking over as Chairman commented that the firm remains dedicated to carrying forward the legacy of providing its clients and investors with long-term value. Timothy Armour holds a Bachelors Degree in Economics from Middlebury College.

Capital Group has over 20 offices worldwide, including at Sydney, London, New York and Tokyo, among others. The company recently, under the leadership of Tim Armour, announced that it would be partnering with Samsung Asset Management to penetrate the high potential Korean Market. The move is also to help expand the company’s global footprint and offer its clientele with diverse management products.

The four key areas where both the companies would be working together are supporting distribution channels, investment management and administration, product maintenance, and retirement planning. The performance of Capital Global Group further caught the eye of its investors and market when Janet Yang, who is a reputed analyst from credible investment research firm, gave the company A Rating for its performance, quality services and maintaining top standards in its offerings.

Timothy Armour has over 33 years of experience in the field of investment research as an investment analyst, all through Capital Group. He joined Capital group as a member of an Associate Program, but quickly became an integral part of the company. Timothy Armour showed a keen eye for details and had the patience to see the results maturing, which is the key requirement in the field of investment research. He heads different subsidiaries of Capital Group of Companies and serves as the Chairman of the Capital Group Companies Management Committee. Capital Group is moving towards the right direction under the leadership of Tim as it aims to expand its footprint globally through collaborations with international investment firms.