No one is sure what the Republican tax plan will do for the U.S. economy or for America’s middle class. But one thing everyone knows is big corporations will see a huge tax break in 2018. The Republicans say new jobs and more domestic business are coming, and those things will offset the $1.5 trillion addition to the country’s national deficit. But there are other issues to consider, especially when the rest of the world is part of the tax equation. The global impact of the plan is already coming to the surface. One issue popped up after Trump signed the controversial bill, and it could spell trouble down the road for Americans. Two other issues also have the international market shaking their heads. One is the impact the plan will have on foreign currencies and foreign trade. And the other issue that is hiding in plain sight is domestic inflation.
No one except international economists are talking about that elephant in the tax reduction room. Inflation will force the Feds to tighten policy faster than anyone expected, and could drive capital away from high-yielding assets. Plus, the tax plan didn’t help the dollar gain value against Latin American and other foreign currencies, according to the CEO and Chairman of Banco Bradesco, Luiz Carlos Trabuco Cappi.
Read more: Bradesco: New president to leave executive body, says Trabuco
Luiz Carlos Trabuco Cappi is the man who keeps Bradesco’s investors happy. But he doesn’t do it alone. Lázaro de Mello Brandão, Bradesco’s retiring Chairman of the Board, and patriarch of Brazilian banking is also responsible for the growth of the bank in terms of assets under management and net income. Brandão is the man who replaced Amador Aguiar, the founding father of Bradesco. Aguiar gets the credit for turning a small Marilia-based bank into giant Brazilian bank. Mr. Aguiar didn’t want his bank to be irrelevant as his death, so he was responsible for naming Lázaro de Mello Brandão CEO and his successor. Aguiar passed in 1991, and Brandão has been the Chairman of the bank since then. But in true Aguiar fashion, Brandão took Luiz Carlos Trabuco Cappi under his wing. And now Trabuco Cappi is taking over as Chairman of the Board, effective immediately.
Cappi is not just a Brazilian banker. He’s an international banker with 48 years of experience in the financial world. Trabuco Cappi is the driving force behind Bradesco’s recent successes, and according to Wall Street, Cappi’s promotion will help the bank’s stock in 2018. Cappi knows he needs help from his executive team in order to keep the bank’s stock moving in the right direction. The board is going to find Cappi’s replacement from the pool of well-trained and competent executives who work with Cappi every day.
Trabuco Cappi is an efficient manager who relies on his banking team to keep the more than 100,000 bank employees and more than 70 million Bradesco customers happy. Thanks to Cappi’s list of accomplishments, and his background in psychology, he made sure his executive team is a cut above typical Brazilian bankers. Seven of those executives are in the running to take over as president and CEO. Rumors are flying around the country because Bradesco’s leadership team is a big deal in the Brazilian banking world and on Wall Street. The main rumor is the new CEO might be Octavio de Lazari or Mauricio Machado de Minas. Octavio runs the bank’s insurance division, and Mauricio heads the bank’s IT department. There is talk that chief deal maker Alexandre da Silva Glüher will get the job. But other employees say Marcelo Noronha or Andre Cano will be the next CEO. But no one is ruling out operations specialist Josué Augusto Pancini or investment chief Domingos Figueiredo Abreu.
Find more about Luiz Carlos Trabuco Cappi: http://www.valor.com.br/financas/5194121/trabuco-apesar-das-incertezas-investidores-acreditam-no-pais