How Mike Baur is Unlocking Switzerland’s New Economic Engine

Encouraging the current generation to use their technology skills in the market full of disruptive application is not a walk in the park. However, in Switzerland, this is happening, and young people are changing their lives and earning money. The new economy has been facilitated by Mike Baur, one of the prominent figures in the banking world.

 

Mike Baur is a businessman, finance executive and business leader who has been focusing on making the modern generation to embrace the tech world and make great benefits. Due to his passion, Mike started a company known as the Swiss Factory Startup. Popularly known as SSUF, the institution is more than the regular investment firms in the recent times. The company works hard to help the future entrepreneurs to bring ideas into life. Although the institution was founded recently, it has transformed the lives of many young people.

 

Not all the upcoming businessmen are eligible to join the investment company. The company has a team of experienced professionals who are in charge of vetting, and they make sure that the individuals selected have competitive ideas. The company provides a three month incubation period where the businessmen have trained about physical teamwork activities and any other business related matters. Mike Baur believes that for a business to be successful, it does not need to wait for a long time to acquire a red tape.

 

Mike Baur decided to use the company to make an impact in the lives of the modern generation. According to him, some of the traditional business paths were no longer successful, and most of them were not profitable too. The demographics have changed significantly in the recent times, and it is only fair that businessmen change the types of approaches they use in business.

 

Baur and his startup have done well over the years for several reasons. First of all, Mike went to some of the best finance schools in the world, and he acquired all the knowledge needed to make business to flourish. Since childhood, the businessman loved helping other people in the society, and this has played a fundamental role in his career. When he is not working in the startup firm, Mike Baur loves spending time with young people in the society so that he can motivate them to become important people in the society. The philanthropist is also passionate about sports too. Whenever he gets time, he watches as his team plays.

 

Bradesco’s Phenomenal Chief Executive: Luiz Carlos Trabuco Cappi

Mr. Luiz Carlos Trabuco Cappi is the current CEO of Bradesco, Brazil’s largest insurance company. He ascended to the seat in the year 2003. Affectionately known for his sense of humor, soft-spokenness, and alluring smile, Trabuco fits the typical profile of a banker. He is married with three children and regarded as a simple and quiet man.

Trabuco holds extensive qualifications in accounting, economics, engineering, and management. He graduated with a postgraduate degree in Sociology and Politics from the School of Sociology and Politics, Sao Paulo. Luiz began his career at the bank in 1969 assuming various positions in his illustrious career. His first worked at Bradesco as a clerk in its Marilia agency, Bradesco’s first branch. Later, after two years, he moved to Sao Paulo where in 1984 he became a director of marketing. His career progression is crucial to understanding the progress and trajectory of the Brazilian insurance industry over the years.

Between 1992 and 1998, he was the executive director and president of Bradesco’s private pension company. In 2003, he assumed the present position as the insurer’s CEO. He was a member of the board of directors from 1999 to 2005. During 2007, Trabuco received the Year Insurance Personality award because of his efforts in spreading optimism within the insurance market for the second time. Known for his pragmatism and ability to apply banking knowledge to the insurance sector, Trabuco is a phenomenal executive in the industry.

With over 40 years experience at the company, Luiz has transformed Bradesco’s role and influence within the Brazilian economy. Under his tenure, the company doubled in size, increased its market share by 25% and net profits by 35%, thereby becoming Brazil’s largest insurer. This is an increase of 10% before Luiz Carlos Trabuco Cappi assuming the mantle of leadership in 2003. Political and business leaders highly regard Trabuco’s opinion.

As the fourth president of Bradesco, he identifies strongly with the insurer’s culture. Over his 40 years in the company, he has the requisite expertise and experience in strategic areas of the industry such as marketing and private pension.

His optimism of the sector’s future has earned him numerous accolades everywhere. In 2015, Trabuco was instrumental in Bradesco’s acquisition of HSBC’s Brazilian operations for $5.2 billion. With this acquisition, Bradesco reopened the fight for dominance in the private insurance sector. Accordingly, the company outperformed other major players in the number of account holders, total investment funds, and network branches. Bradesco also dominated competitors in areas of deposits, loans granted, and assets.

Luiz Carlos Trabuco Cappi is known for his devotion to the company. When President Dilma Rousseff tapped him for the Ministry of Finance, Trabuco politely declined, saying “I was born to work at Bradesco.” His routine demonstrates his devotion. Trabuco arrives at the bank at 7 am and works until 18 pm often extending his working hours via dinner engagements. Bradesco is fortunate to have this executive at its helm. As the market evolves, the bank faces many investment options to maintain its market dominance. Fortunately, having Trabuco will significantly alter the course of its activities for the better.

Lately, the bank has strengthened its position through several acquisitions. In this regard, his growth strategy involves the acquisition of several smaller banks. Under his tenure, it is expected the company’s driving motto will be “organic growth.” This will entail improving the company’s internal performance. Since 2009, the company has been acquiring more customers and is planning on opening 211 new branches. In contrast to his predecessor, Amador Aguiar motto of equal service to all, Trabuco is a supporter of segmentation. Today, Bradesco offers overdraft services for high net worth clients through its agency Bradesco Prime.

For more information about Luiz Carlos Trabuco Cappi, just click here.