Anil Chaturvedi An Expert on Financial with Interest in European and Indian Trade Ties

As a seasoned and experienced banker with over forty years of experience in the banking industry, Anil Chaturvedi has been able to garner a lot of respect and accolades from the industry experts. Anil Chaturvedi has headed various financial organizations and banks over the years and provided the results that the organizations expected him to deliver. The marketing and revenue generating strategies that were implemented by Anil Chaturvedi, whether it was a stint at State Bank of India or ANZ Grindlays Bank were simply outstanding. It is due to his excellence in the banking and financial sector that Barron’s even named him as one of the Top Financial Advisors in the World.

Anil Chaturvedi is a highly qualified individual holding MBA degree from the reputed FMS College, Delhi and has also done BA in Economics Honors from Delhi University. Soon after completing his graduation, Anil Chaturvedi moved on to join the New York Branch of State Bank of India. At State Bank of India, Anil Chaturvedi was given the designation of manager of planning and development and was responsible for business development initiatives and marketing strategies and implementation. In a very short period of four years, Anil Chaturvedi was able to generate the revenue of more than $500 million from the new businesses and clients that he bought to the bank. It made State Bank of India declare him as the man of the year.

Anil Chaturvedi is currently the Managing Director of the private bank named Hinduja Bank in Switzerland. Anil Chaturvedi aims to expand the horizon of Hinduja Bank by not only attracting the non-resident Indians in Switzerland and European countries but also aims to spread awareness of flexibility of Indian trade laws among the European businesses. Since the new government took over India, the trade and economic laws have become much more business friendly. It has helped the foreign businesses to expand their business operations in the country without any hindrance. Anil Chaturvedi plans to bring many foreign businesses to India via Hinduja Bank, which would be beneficial for India as well as the bank. It would also help consolidate India’s position in the FDI sector.

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Igor Cornelsen’s Reflections on the Basics of Brazilian Banking

Towards the end of 2014, the entire banking world was perplexed over the anomalies that hit Brazilian banks. Banks are known to suffer in times of troubled economies. However, the two top private banks in Brazil, Banco Bradesco (BBD) and Itau Unibanco (ITUB) witnessed a rise in their shares by a third in 2014. The two banks also saw their profits increasing with Itau getting its third-quarter net profit jump 36% from 2013 while Bradesco posted 28%. How did these banks manage to weather the storm? Igor Cornelsen, a top Brazilian investment expert and banker revealed the secret as proper knowledge of their market as well as experience in other difficult years.

Brazilian Bank’s Secrets

According to Igor Cornelsen, private sector bankers only lend to borrowers deemed the most credit worthy. This helps in streamlining their costs as well as offers them with some security going forward. People whose credit worthiness is less desirable have to go to banks in the public sector or abandon their plans. This is a huge challenge to the country’s macro economy and its development. The government ought to move in and boost investors’ confidence by instilling more fiscal austerity and reforms targeting the market.

Despite the country’s uncertain economic climate, investors ought to consider Brazil. The country has lots of natural resources and needs infrastructure development for its expanding population, making it an attractive market in the whole of South America. In addition, Brazil is the largest in the continent and among the top producers of food in the world.

Basics on Brazilian Banking

Igor Cornelsen advises any interested investors in Brazil to first understand the basics of Brazilian banking. It is wise to note that Brazilian banks are backed by 10 major state and privately owned investment and commercial banks. Secondly, the appointment of a fresh finance minister may turn things round. Lastly, keeping an eye on China will impart more knowledge of your investments.

Read more: Brazilian Investment Star Igor Cornelsen Has Three Tips To Help You Retire in Florida Just Like Him

 

 

Bradesco Headed for Interesting Times as Luiz Carlos Trabuco is Appointed the New Chairman

For the 74 years that Bradesco has served Brazilians, Lazaro de Mello Brandao (the outgoing chairman) has been part of it. Brandao joined Bradesco after Amador Aguiar established the bank in 1943; then, the 91-year-old was a clerk, but he resigns from Bradesco having reached the pinnacle of the second largest private bank in Brazil. Prior to Brandao announcing his wilful resignation, speculations were ripe that Luiz Carlos Trabuco, the serving CEO, would replace him. As luck would have it, Trabuco, 66, will replace the chairman who has been serving for 25 years, and statistics indicate he is one of the globe’s oldest bank chairmen.

Trabuco will relinquish his responsibilities as CEO next year. Before then, Bradesco must find a replacement who will not only match up to Trabuco, but also former CEOs such as Amador Aguiar, Brandao, and Márcio Cypriano. The mentioned executives embodied the spirit of Bradesco of quality service delivery to clients.http://www.tostoadv.com/bradesco-quer-mudar-regra-para-trabuco-ficar-no-cargo/

Brandao envisioned a situation whereby Bradesco’s leaders would be picked from within the company. Although leaders from outside the organization bring with them the much-needed diversity, Brandao believed in the talents, skills, and abilities inherent in Bradesco’s staff. Therefore, there is a high chance that whoever will take over from Trabuco is someone already working at Bradesco.

Immediately Trabuco was announced to be Brandao’s replacement, some names that are in the forefront of the race to replace him surfaced. Some of the names include André Rodrigues Cano, Octavio de Lazari, Marcelo de Araujo Noronha, Josué Augusto Pancini, Domingos Figueiredo Abreu, Alexandre da Silva Gluher, and Mauricio Machado de Minas. The names belong to Bradesco’s staff who are currently in charge of the human resources department, Bradesco’s insurance unit, Bradesco BBI, Bradesco’s branch network, Bradesco’s treasury and lending departments, risk analysis, and Bradesco’s IT department respectively.

The seven members of staff have some things in common. They are all above 50 years of age. In fact, the youngest (Noronha) is 52 years old. Age is a crucial factor in the succession battle. Bradesco’s shareholders have demonstrated before that they are unwilling to trust the management of the $392 billion worth bank to someone “young.” Also, all the members have played accomplished something significant for Bradesco. For example, Gluher, 57, made immense contributions to the deal that saw Bradesco purchase the Brazilian branch of HSBC for $5.2 billion in 2015. And finally, the suggested members have been part of Bradesco for a significant period. With the exception of de Minas and Noronha who joined Bradesco in 2009 and 2003 respectively, all the others became part of the company in the late 70’s or early 8o’s.

A look at the New Chairman in Detail

Trabuco became part of Bradesco in 1969. He worked at the company’s agency in Marília as a clerk. Marilia happens to be the birth of both Trabuco and the company’s founder, Aguiar. Trabuco, a graduate of the University of São Paulo and Fundação School of Sociology and Politics, is a respected professional in the banking industry. He is a result oriented professional who works overtime to attain his goals and consequently, the goals of the company. He is a loyal employee; since he joined Bradesco, he has been with the company through its ups and downs.

He was appointed the CEO of Bradesco in 2009, just when Itaú Unibanco had dethroned the company as the largest private bank in Brazil. Also, the global economic outlook was unfavorable but Trabuco is a man worth his salt, and he remained optimistic despite the challenges that the bank was undergoing at the time. In 2015, he led Bradesco’s efforts to purchase the Brazilian branch of HSBC for $5.2 billion.