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Letter signed by Amador Aguiar, founder of Bradesco (1974)

Letter signed by Amador Aguiar, founder of Bradesco (1974)

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In 1974, Amador Aguiar, the emblematic founder of Bradesco, agreed to hire the grandson of the mayor of Rio de Janeiro.

  • Letter signed by Amador Aguiar, founder of Bradesco, to Marshal Ângelo Mendes de Moraes.
  • One page.
  • In Portuguese.
  • 15.5 cm x 21.5 cm.
  • Excellent condition of conservation.
  • Unique piece.

Every now and then, I like to present you with autographed documents from great personalities in the business world. Today, I highlight Amador Aguiar, founder of the Bradesco bank, a world-renowned institution.

Of humble origins, Aguiar was born into a poor family in the interior of São Paulo and began working at an early age as a helper on his father's small farm, as a street vendor and office boy before entering the banking world at the age of 22. He grew quickly and, in 1943, founded Banco Brasileiro de Descontos, which would later become Bradesco. His great intuition was to serve small business owners, farmers and low-income individuals, a market niche ignored by the big banks of the time. He was a pioneer in opening branches in rural areas and in using technologies such as computers in day-to-day banking. In 1968, it was the first bank to offer credit cards in the country.

When he retired in 1990, Bradesco was the largest financial institution in the country, with 1,800 branches and 140,000 employees. He died a billionaire, but with a very simple lifestyle, dedicating his attention to the Bradesco Foundation, an institution that runs several schools throughout Brazil and which received most of his shares when he died. Aguiar adopted three daughters; the first, Lina, had been abandoned in front of the Bradesco bank in São Paulo. He soon took custody of her two sisters.

This letter was written from Cidade de Deus, an area in Osasco, São Paulo, where the headquarters of Banco Bradesco are located. The location should not be confused with the well-known favela Cidade de Deus, located in Rio de Janeiro, which became famous worldwide through the film of the same name. The recipient, Marshal Ângelo Mendes de Moraes (1894-1990), is known for having launched the construction and inauguration of the Maracanã stadium in 1950 for the World Cup, when he was then mayor of Rio de Janeiro.

I liked this letter because of the inspiration that Amador Aguiar represents, his charismatic signature, the recipient and the letterhead. Documents signed by big businessmen are increasingly sought after and valued.


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