SAO PAULO (Reuters) – Lázaro de Mello Brandão, the former chairman of Banco Bradesco SA died on Wednesday at 93, after decades of building the bank into Brazil’s second-largest private-sector lender.
Brandão had stepped down two years ago after a 75-year career at the bank. He joined Bradesco in 1942 and worked alongside founder Amador Aguiar. The bank confirmed in a statement that he had passed away at a hospital in Sao Paulo.
Brandão - Grip - Lender - Executive - Chairman
Brandão long kept a tight grip on the lender, serving as chief executive from 1981 to 1999 and chairman from 1990 to 2017. Even after leaving his job as chairman, Brandão was seen almost daily at his desk in the bank’s head office.
“He had an intense and vigorous working rhythm, which was contagious for all of us,” Bradesco CEO Octavio de Lazari Junior said in a statement. “He used to be one of the first ones to...
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