Ricardo Salgado

Ricardo Salgado ( born June 25, 1944 in Cascais, Portugal) is a Portuguese economist and banker. President and Founder of Banco Espírito Santo, he is now the senior banker in Portugal.

Training

As a great-grandson of José Maria do Espírito Santo Silva and maternal grandson of Ricardo Espírito Santo Silva Ribeiro do Ricardo Salgado spent his early years in Lisbon. He lived in the district of Lapa, where he attended a public elementary school and later the gymnasium Pedro Nunes.

In 1969 he made ​​at the Instituto Superior de Ciências e Económicas Financeiras ( College of Finance and Economics - ISEG today ) at the Technical University of Lisbon with a degree in economics. Then he did his military service in the Portuguese Navy, where he trained as a reserve officer before he joined the Banco Espírito Santo Comercial de Lisboa in 1972.

Professional career

In 1972 he took over the management of the Office for Economic Studies at the Banco Espírito Santo Comercial. The credit department he heads to 1975, that is, to the nationalization of the bank.

He goes abroad, where he is involved in the reconstruction of the Espírito Santo Group, first from Brazil (1976-1982), then in Switzerland (1982-1991), from where he returned to Portugal to invest there. In 1986, he takes the foundation of the Banco Internacional de Crédito in attack, at a time when the Constitution of the Republic of Portugal still did not allow Privatizations. Later this bank is taken over by Banco Espírito Santo.

After the re-privatization in 1991, Ricardo Salgado takes over the executive presidency of Banco Espírito Santo. It begins a phase that leads to an increase in market share from 8% to 20 % and the internationalization of the BES. In 2002 he became the Supervisory Board of Euro Next NV ( Amsterdam) called, where he participates in 2006 from the merger of EUR Next to the New York Stock Exchange ( NYSE ), the non -executive member of the Council, he was until 2011. From 2003 to 2012, he was a non-executive Board of Directors of Banco Bradesco ( Brazil). He is President of the Executive Commission and Vice President of the Board of Banco Espírito Santo. He is also a member of the Espírito Santo Group's Board of Governors. At the same time, he holds the position of CEO of the Espírito Santo Financial Group (based in Luxembourg ) and the Banco Espírito Santo de Investimento ( BESI ). He is also the boards of Espírito Santo Bank of Florida ( USA), ES International Holding ( Luxembourg ), Espírito Santo of Resources ( Bahamas), the Banque Privée Espírito Santo ( Switzerland ) and Espírito Santo Banque et de la Vénétie (France ) to.

Ricardo Salgado was the mentor of the internationalization of the BES by sitting on the strategic triangle Africa, Brazil and Spain. Today, the international arm of Bank brings half the profits. 2012, led by Ricardo Salgado Bank was the only of the three major private banks in Portugal and its capital increased and thereby supported only on its shareholders and the capital market, but not on the taxpayers' money. In January 2013, the BES was the only bank in Portugal, the operations carried out with the aim to introduce Portugal to the intervention of the Troika back to the markets.

Recognition

1992 appointed him the Portuguese Association of Economists for Economists of the year, and in 2001 it was the Portuguese Chamber of Commerce in Brazil, which made ​​him the personality of the year. In 1994, he was appointed Chevalier de l' Ordre National du Mérite and 2005 Chevalier de l' Ordre National de la Légion d' Honneur of France and in 1998 Grande Oficial da Ordem Nacional do Cruzeiro do Sul in Brazil.

In 2012 he was awarded the Commander 's Cross Order of Merit of the Republic of Hungary and, distinguished in the Lifetime Achievement category on financial markets, in the Investor Relations and Governance Awards 2012, an initiative by Deloitte, the best practices in the corporate sector.

In July 2013, the honorary doctorate from the Technical University of Lisbon has been awarded, where he was honored for his achievements in the fields of economy, culture, science and for the services of the university services.