Bradesco changes high dome and reduces number of Vice-Chairmen

Bradesco confirmed changes in the high dome and reducing the amount of Vice chairs from six to four, as anticipated the associated press/Broadcast exclusively on Sunday 13 at 4:36 pm. With the restructuring, the Board of Executive Directors of the Bank shall be focused on three main areas of business, retail, wholesale and high income and a focused on infrastructure, technology and human resources. In the new structure, the executives Joshua Augustus Pancini and Mauricio Machado, who accumulated the positions of Directors and Vice-Presidents shall act exclusively as members of the Board of Directors of the Bank. Already the Vice Presidents Eurico Ramos Fabri, Cassiano Ricardo Scarpelli and Marcelo de Araujo Noronha are responsible, respectively, for the retail, High Income areas and Attacked. The Vice President Andrew Pipe, be/it/HR infrastructure, which includes the areas of Compliance, legal and market relations. As part of the movement, the Bradesco announced a number of promotions and new targeting executive functions. In press release, the Bank emphasizes that the objective of the restructuring is to "broaden business opportunities through a increasingly specialized relationship with its customers. "We believe the new structure in the areas of the Vice President, in addition to promotions, will allow us to continue on our journey of growth and strong performance in the different business segments. We are optimistic that 2019 will be a very positive year for Bradesco, "says the ceo, Octavio de Eduardo Barcelona Junior. The move is the first made in your management since assuming the command of the institution in March last year, replacing Luiz Carlos Trabuco Cappi, who went on to chair the Board of Directors. Traditionally, the Bradesco announces changes in your frame at the beginning of the year. The new structure of the Executive Board of the Bradesco will be responsible for helping him and recover the rank of second most profitable Bank of Brazil among large retail institutions, lost to Santander Brazil through the integration of HSBC. At the end of last September, the institution, the country's second largest private assets, featured return (ROE, the acronym in English) of 19.0%. Santander, with 19.5%, and Itaú Unibanco, with 21.3%, occupy the first and second places in the ranking of profitability, respectively. Promotions With the drives, the Deputy Executive Directors Bruno D ' Ávila Melo Boetger (Corporate/BBI), William Muller Leal (High income/Prime) João Carlos Gomes da Silva (retail) and Rogério Pedro camera (YOU) were promoted to Executive Directors managers. To the post of Deputy Executive Director were appointed the Managing Director of the Bradesco BBI, Leandro de Miranda Aguilar, who is head of the Department of market relations and the brokerage houses; and the departmental directors Md. Moreto (credit), José Sérgio Bordin (retail), Roberto de Jesus Paris (Treasury) and Antonio Jose Barbara (General Secretariat). Still are expected, according to sources, increases in positions below the Executive Directors of the Bank. Last Friday, the Bradesco announced the departure of Denise Pavarina of Investor Relations. Informed that the Executive Board stepped down for personal reasons and that the Vice President Andrew Pipe would build up the post. Denise was the first woman to occupy the position on the Executive Board of the Bank. Beyond that, another low on the Board was that of Aurelius Guido Pagani, second source. Bradesco, which announces its annual results on January 31, 2018 sum R $1.357 trillion in total assets and a loan portfolio of more than R $520 billion. Sought, the Bank had no comment.