Board of Directors of the Banco de Portugal
The Board of Directors of the Banco de Portugal is comprised of the Governor, who chairs, one or two Vice-Governors, and three to five Directors. The appointment of members of the Board of Directors shall ensure a minimum representation of 40% of each gender.
The members of the Board of Directors of the Banco de Portugal are chosen from among persons of recognised standing, sense of public interest, professional experience, management skills, as well as technical knowledge and competence relevant to the performance of their duties.
The Governor and the other members of the Board of Directors are appointed by means of a resolution of the Council of Ministers, on a proposal from the member of Government responsible for Finance and after a reasoned opinion from the competent parliamentary committee. They hold a term of office of five years, renewable once for an equal term.
The Governor and the other members of the Board of Directors are independent in accordance with the Statute of the European System of Central Banks and of the European Central Bank (ESCB/ECB) and shall not seek or take instructions from Community institutions, the State sovereign bodies or any other institutions.
The members of the Board of Directors are immovable and may only be relieved from office under the circumstances provided for in Article 14(2) of the ESCB/ECB Statute. The relief from office occurs by means of a resolution of the Council of Ministers, on proposal from the Minister of Finance. The members of the Board of Directors vacate office upon expiry of their term of office, or due to permanent disability, resignation or legal incompatibility.
The Board of Directors is responsible for all acts required to accomplish the purposes assigned to the Bank and which do not fall within the exclusive competence of other statutory bodies. On a proposal from the Governor, the Board of Directors assigns its members responsibilities over one or more departments.
Amongst other aspects, it is incumbent on the Governor to carry out the tasks of member of the Governing Council and of the General Council of the ECB, pursuant to the provisions laid down in the Treaty on the Functioning of the European Union and the ESCB/ECB Stature, in addition to representing the Bank and acting on its behalf before foreign or international institutions.
Director. He graduated and has a Master’s degree in Management from ISCTE of the Technical University of Lisbon.
He was appointed Member of the Board of Directors in September 2014.
Luís Laginha de Sousa
Director. He graduated in Economics from Universidade Católica Portuguesa, and completed his MBA at Universidade Católica Portuguesa.
He was appointed Member of the Board of Directors in September 2017.
Ana Paula Serra
Director. She graduated in Economics from University of Porto, completed her MBA from Instituto Superior de Estudos Empresariais da Universidade do Porto and completed her PhD in Financial Economics at London Business School.
She was appointed Member of the Board of Directors in September 2017.