Words With Grace Praise All

15Aug/18Off

Louis ChêNevert: A Diligent CEO Who Improved the Aerospace Industry

Louis Chênevert is a Canadian business executive and production manager. He has had a stellar career in the business world. Born in 1958, Louis Chênevert developed an interest in business world at an early age. He knew that with hard work success was guaranteed. He joined the University of Montreal, HEC Montréal Business School, and graduated with a degree in production management.

Armed with a degree, Louis Chênevert secured a job in the auto industry at General Motors at St. Therese, Quebec. With sheer determination, he worked in the production industry improving the sector to the point that the production was one car per minute. Following this exposure Louis Chênevert knew the need for efficiency. After 14 years at GM and having risen to the position of production manager, Louis Chênevert decided to change industries and joined the aerospace industry.

In 1993, Louis Chênevert joined Pratt & Whitney Canada (PWC), a company that manufactures aircraft engines. He focused on making the company’s production plant more efficient. The results were apparent as he was able to cut the cost of production by 10 percent. The executives at Pratt & Whitney (P&W), the parent company of (PWC), were taking note. In 1996, he joined P&W where he improved efficiency and profitability, as he had done in PWC.

After a short stint in P&W, the United Technologies Corporation (UTC), the multinational conglomerate company requested the masterful expertise of Louis Chênevert. In UFC, Louis Chênevert saw the potential in geared turbofan (GTF) engine. Although the production cost was high, he was committed to the production of the GTF engine as the benefits were enormous. The engine would reduce fuel consumption by 50 percent and emissions by 16 percent. The company came to reap big as the engines were a success

Also, as a skillful leader, Louis Chênevert introduced the policy that production should be brought back to the USA as quality and efficiency would be improved. This strategy proved right as Louis Chênevert was able to put UFC back in the engine manufacturing companies map. Louis Chênevert surprisingly left the UFC. He had decided to pursue personal passions, but he left a healthy and profitable company.

http://www.utc.com/News/News-Center/Pages/UTC-Chairman-Chief-Executive-Officer-Louis-Chenevertrecognized-with-the-Publi.aspx

13Jul/18Off

Anil Chaturvedi: Industry Veteran Mentoring Fintech

Top banking advisors to super rich and powerful people need lifelong commitments to their craft. Customers and Colleagues need the confidence to make the right decision. Anil Chaturvedi has demonstrated his commitment and provided that confidence.

Chaturvedi currently applies his considerable knowledge to the position of Managing Director, Hinduja Bank. Anil has seen banking trends come and go over his four decades. The internet is a disruptive technology benefiting bankers for years. However, the fintech revolution is seen by many banking veterans as an attack.

After studying for his MBA at Delhi University School of Economics, Chaturvedi began his career with the State Bank of India in 1987. Starting in the bank’s development and planning department, Anil had the responsibility for their marketing strategy. Chaturvedi received a “Man of the Year” award from the bank. Anil was also credited with an increase of an impressive $500 million in a four year period.

Banks Anil Chaturvedi built in the 80s, and 90s resisted startups that were trying to seize control of banking services. Now, these same banks are partnering with fintech startups to foster more business. Anil sees significant gains by fintech through retail banking, payment processing and making loans.

For nearly eighteen years Chaturvedi cultivated his professional life as Managing Director International for Merrill Lynch in New York City. Anil continued to refine his specialization of catering to ultra-high net worth individuals. Chaturvedi again recognized for excellent work, becoming a member of the Circle of Champions.

Anil Chaturvedi has seen remarkable changes throughout a solid banking career. Banking by its very nature is unpredictable in what the industry will look like in twenty years. He does see difficulties ahead for fintech startup companies. These companies trying to piggyback their services on the backbone of traditional banking networks will see resistance.

Throughout Chaturvedi’s career, he has been adept at cross-border transactions. He has increased his value by widening his connections worldwide.

Chaturvedi currently holds the position of Managing Director of Hinduja Bank located in Geneva Switzerland. Carefully crafted marketing Anil has led the bank into several mergers and acquisitions throughout Europe. Many see continued success for the bank with Chaturvedi at the helm.

https://www.linkedin.com/in/anil-chaturvedi-02574b37

9Nov/17Off

Can Luiz Carlos Trabuco Fill The Shoes Of Lazaro Brandao?

Luiz Carlos Trabuco, the currently acting CEO of Grupo Bradesco, has announced that he will soon assume the position of chairman of the board of directors. Leaving is Lazaro Brandao, 91, who is one of the oldest currently serving chair people in the world. Brandao has been with the firm since 1943, and many view him to be an indispensable asset to the bank. But he has stated that his decision to finally leave the chairmanship came because he wants to spend more time with his family and allow for younger executive talent to climb up through the corporation's ranks.

Can Trabuco wield the reins with the same skill as Brandao?

Luiz Carlos Trabuco, much like his boss, has been a lifelong employee of Bradesco. Being hired on with the firm in 1969, at the age of 18, Trabuco was fresh out of high school, with little experience, when he first came to work for the bank.

But over the ensuing decades, he would prove himself as a superlatively capable employee, reaching his first executive position in 1984. By that time, Trabuco had put himself through college, attaining a bachelor's degree in business administration as well as a master's degree in psychology.

He would put both of his degrees to good use, modernizing every department that he presided over and becoming a driving force in the shaping of the modern Bradesco business model.

In 1992, Trabuco was put in charge of the bank's financial planning division, which, at the time, was a flagging unit that accounted for less than 2 percent of the firm's total revenues. Trabuco immediately began innovating, creating a tiered customer service program that saw the introduction of luxury facilities and high-level personal banking services for the firm's wealthiest clients. After just a few years, the high-net-worth financial advisory business had taken off, adding ten of millions in capital to Bradesco's balance sheets. Trabuco was proving to be a highly valuable asset to his employer.

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He was again promoted to the head of the bank's insurance unit. There, he again was able to substantially increase revenues, boosting the total income of the division by more than two times. By the time Trabuco was promoted to CEO in 2009, Bradesco Seguros had become the largest underwriter of retail insurance policies in the country.

But Trabuco's magic touch could not save the bank from serious stagnation and decline throughout the 2010s. Having inherited an institution buffeted by the ill winds of a near economic depression across Brazil, between 2009 and 2015, Bradesco's stock lost more than 80 percent of its value. But then Trabuco was able to pull off one of the greatest coups in Brazilian business history.

In 2015, he announced that Bradesco would acquire HSBC Brazil for $5.2 billion, in an all-cash deal. Upon closing the deal, Bradesco was instantly rocketed to the undisputed number-one position across many market segments in Brazilian finance. The stock price immediately began a long rally that hasn't abated to this day. Today, the stock is trading at near record highs and Trabuco is widely regarded as having been an overall successful CEO.

However, there are still those shareholders who remember the lean years of Trabuco's reign with a touch of anxiety. Brandao believes in Trabuco and has explicitly said that he is the only man in the world who could successfully be passed the torch that Brandao wielded for so long.

It is clear enough that little is likely to change, at least as far as high-level strategy goes. Trabuco is likely to continue the broad strategy that both he and Brandao have been successfully implementing for more than 40 years.

Read more: Trabuco will assume the presidency of Bradesco's board; bank to appoint new chief executive in March

9Mar/17Off

Ares Security Acquisition

Madison Street Capital is one of the largest investment firms in the United States today. The company has served customers well over the years, and they are excited about all of the changes that are coming. Not only that, but the company is looking for ways to grow. Instead of just growing organically like they have been doing, the company recently announced an ownership in Ares Security. This is a growing segment of business, and the leaders of Madison Street Capital think that there is a great opportunity for growth in this area. Not only that, but they truly care about customers and want to make sure that there ways they can serve them in the future.

 

Madison Street Capital

 

When the company was started, no one ever thought that they would have the success that they do today. With all of the changes over the years, many people are excited about changes that are coming with new technology. Now Madison Street Capital will be able to serve more people from all over the country. In years past, the company was limited on the number of people it could serve based on a variety of factors. The biggest one was the staff level of the business. The financial planners could only see a certain amount of people in a given time period. This is something that many people think could change with new technology.

 

Future Changes

 

In the coming years, Madison Street Capital is hoping the ownership of Ares Security will help grow sales and profits. Even if it is not successful, the company is doing really well with customers right now. A lot of people in the industry look up to the success that the company has with customers. If you want to learn how to impact the lives of others, Madison Street Capital is the company to work with. A lot of people have been able to plan and invest for the future with the help of workers at Madison Street Capital. In the coming years, the company wants to help as many people as possible with all of the changes that are going on in the industry.

 

For more details, visit http://madisonstreetcapital.org/.

25Feb/17Off

The Social Security Conversation Led by David Giertz

Social security advice is a necessity for Americans and people can get help from financial advisors who understand the sensitive issue of Social Security to a comprehensive retirement plan at http://www.whitepages.com/name/David-L-Giertz/Columbus-OH/7x2w2br. Customers require training prior and then afterward retirement to settle on choices at these key ages. With more than 60 million people born after WW2 nearing retirement by 2030, there's the need for comprehensive education and planning particularly with regards to Social Security benefits.

Monetary counselors can act the basic part in helping America's people stay away from an approaching retirement emergency on Facebook. Also, with four in five Americans saying if their counselor doesn't help them amplify their Social Security benefits they will change to a consultant who does – getting up to speed on a customer's filing alternatives is useful for the guide's business too.

To help improve this muddled issue and support these dialogs, Nationwide Financial gives a conclusion to-end Social Security program and retirement solutions on Nationwidethat prepare counselors to be the specialists their customers need to guarantee they have enough cash for retirement.  The patented software that won award looks at all the decision procedures accessible to wedded couples, single individuals, separated individuals, government workers, widows and even the individuals who have effectively chosen the product.

He has also been a Director of DGC One AB since 1991. Besides, David Giertz filled the Director position of David Giertz Holding AB. David L Giertz is counselor in financial sector with Nationwide Investment Services Corporation. David Giertz works out of Columbus, OH and additionally he is in charge of the distribution of private-sector retirement plans and wholesale strategy, mutual funds though banks & specialty markets, annuities, independent dealers & brokers, warehouses and regional firms.