António Mendo de Castel-Branco do Amaral Osório Borges (18 November 1949 – 25 August 2013) was a

Portuguese Portuguese may refer to: * anything of, from, or related to the country and nation of Portugal ** Portuguese cuisine, traditional foods ** Portuguese language, a Romance language *** Portuguese dialects, variants of the Portuguese language ** Portu ...

economist and banker. He was also a Managing Director and International Adviser of

Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

Biography

Early years to year 2000

Borges was born in

Ramalde Ramalde () is a Portugal, Portuguese freguesia, civil parish of the Municipalities of Portugal, municipality of Porto. The population in 2011 was 38,012,Porto Porto or Oporto () is the second-largest city in Portugal, the capital of the Porto District, and one of the Iberian Peninsula's major urban areas. Porto city proper, which is the entire municipality of Porto, is small compared to its metropol ...

. He received his bachelor's degree in economics from the

Technical University of Lisbon The Technical University of Lisbon (UTL; pt, Universidade Técnica de Lisboa, ) was a Portuguese public university. It was created in 1930 in Lisbon, as a confederation of preexisting schools, and comprised the faculties and institutes of veter ...

in 1972, and his

master's degree A master's degree (from Latin ) is an academic degree awarded by universities or colleges upon completion of a course of study demonstrating mastery or a high-order overview of a specific field of study or area of professional practice.

from

Stanford University Stanford University, officially Leland Stanford Junior University, is a private research university in Stanford, California. The campus occupies , among the largest in the United States, and enrolls over 17,000 students. Stanford is consider ...

. In 1980 he received his

Ph.D A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common Academic degree, degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields ...

in Economics from Stanford University. Later Borges taught at

INSEAD INSEAD, a contraction of "Institut Européen d'Administration des Affaires" () is a non-profit business school that maintains campuses in Europe ( Fontainebleau, France), Asia (Singapore), the Middle East (Abu Dhabi, UAE), and North America (San ...

. He returned to

Portugal Portugal, officially the Portuguese Republic ( pt, República Portuguesa, links=yes ), is a country whose mainland is located on the Iberian Peninsula of Southwestern Europe, and whose territory also includes the Atlantic archipelagos of ...

in 1990, where he served as Vice Governor of the

Banco de Portugal The Banco de Portugal (English: Bank of Portugal) is the central bank of the Portuguese Republic. The bank was founded by royal charter in 1846, during the reign of Queen Maria II of Portugal, by a merger of the '' Banco de Lisboa'' (Bank of Lis ...

while teaching at the

Nova School of Business and Economics Nova School of Business & Economics (Nova SBE) is a leading business school in Portugal and one of the best business schools in the world in the areas of Economics, Finance and Management. It offers Bachelor's, Master's, Ph.D., MBA as well as Ex ...

at the

Universidade Nova de Lisboa NOVA University Lisbon ( pt, Universidade NOVA de Lisboa, ), or just NOVA, is a Portuguese public university whose rectorate is located in Campolide, Lisbon. Founded in 1973, it is the newest of the public universities in the Portuguese capital c ...

. While Vice Governor of the Banco de Portugal, Borges took a leading role in the liberalization of Portugal's financial system. From 1993 to 2000 Borges served as a director and dean at

2000 to 2010

In 2000 Borges relocated to

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

, where he became Executive Vice Chairman of

Goldman Sachs International Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

, responsible for Strategy, Investment Banking and Leadership Development. In this period Borges was a Director of Citibank Portugal,

BNP Paribas BNP Paribas is a French international banking group, founded in 2000 from the merger between Banque Nationale de Paris (BNP, "National Bank of Paris") and Paribas, formerly known as the Banque de Paris et des Pays-Bas. The full name of the grou ...

Petrogal Galp Energia, SGPS, S.A. is a Portuguese multinational energy corporation, headquartered in Lisbon, Portugal. Galp consists of more than 100 companies engaged in every aspect of the oil and natural gas supply, hydrocarbon exploration and producti ...

Sonae Sonae is a multinational business group based in Maia, Porto District, Portugal. It is present in 90 countries, operating in several sectors, including retail, financial services, shopping centres management, software and information systems, me ...

Jerónimo Martins Jerónimo Martins SGPS, SA (JM) is a Portuguese corporate group that operates in food distribution and specialised retail. It operates more than 4,900 stores in Portugal, Poland, and Colombia. The group is the majority owner of Jerónimo Mart ...

, Cimpor, Vista Alegre, Novartis Venture Funds,

CNP Assurances CNP Assurances S.A. is a major French insurance corporation. CNP stands for ''Caisse Nationale de Prévoyance''. It is listed on the Fortune Global 500. The company was formed in 1959 as a subsidiary of Caisse des dépôts et consignations, whic ...

, Banco Santander de Negocios, Caixa Seguros, Scor, S.P.G.S and

Heidrick & Struggles Heidrick & Struggles International Incorporated is an international executive search firm headquartered in Chicago, Illinois, United States. The firm also has a consulting practice focused on leadership and shaping corporate culture. History ...

. Borges left his post as Vice Chairman of Goldman Sachs International in 2008, while continuing as a Managing Director of Goldman Sachs Group Inc and as an International Advisor of Goldman Sachs. After his departure, Borges served as Chairman of the Statutory Fiscal Board of Banco Santander de Negócios Portugal, Chairman of the Supervisory Board of Banco Santander de Negocios Portugal, Chairman of the European Corporate Governance Institute, and Chairman of the

Hedge Fund Standards Board The Standards Board for Alternative Investments (SBAI), formerly known as the Hedge Fund Standards Board, is an international standard-setting body for the alternative investment industry and sets the voluntary standard of best practices and pra ...

Ltd. He was also a member of the Supervisory Boards of Novartis Venture Fund and CNP Assurances SA, the Advisory Board of Critical Links SA, and the Board of Governors of

Wellington College Wellington College may refer to: *Wellington College, Berkshire, an independent school in Crowthorne, Berkshire, England ** Wellington College International Shanghai ** Wellington College International Tianjin * Wellington College, Wellington, Ne ...

. He was simultaneously an adviser to the

United States Department of the Treasury The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and t ...

, the

Electric Power Research Institute EPRI, is an American independent, nonprofit organization that conducts research and development related to the generation, delivery, and use of electricity to help address challenges in the energy industry, including reliability, efficiency, affor ...

, the

OECD The Organisation for Economic Co-operation and Development (OECD; french: Organisation de coopération et de développement économiques, ''OCDE'') is an intergovernmental organisation with 38 member countries, founded in 1961 to stimulate e ...

, and the

European Union The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been des ...

on the establishment of the

Economic and Monetary Union An economic and monetary union (EMU) is a type of trade bloc that features a combination of a common market, customs union, and monetary union. Established via a trade pact, an EMU constitutes the sixth of seven stages in the process of economic ...

(EMU). Borges was also an adviser to the Portuguese government, and a professor at the Institute of Economics and Business at the

Catholic University of Portugal The Catholic University of Portugal (Portuguese: ''Universidade Católica Portuguesa'', pronounced nivɨɾsiˈðad(ɨ) kɐˈtɔlikɐ puɾtuˈɣezɐ, also referred to as Católica or UCP for short, is a concordat university (non-state-run univers ...

. A member of the

Social Democratic Party The name Social Democratic Party or Social Democrats has been used by many political parties in various countries around the world. Such parties are most commonly aligned to social democracy as their political ideology. Active parties For ...

(PSD), Borges was Vice Chairman of the National Policy Committee of the PSD from 2008 to 2010.

2010 and death

In November 2010, Borges was appointed Director of the European Department of the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster globa ...

. In November 2011 he was appointed by the new

Prime Minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister is not ...

Pedro Passos Coelho Pedro Manuel Mamede Passos Coelho (; born 24 July 1964) is a Portuguese politician and university guest lecturer who was the 118th prime minister of Portugal, in office from 2011 to 2015. He was the leader of the Social Democratic Party (PSD) b ...

to oversee the

privatization Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...

measures, renogitations of

public–private partnership A public–private partnership (PPP, 3P, or P3) is a long-term arrangement between a government and private sector institutions.Hodge, G. A and Greve, C. (2007), Public–Private Partnerships: An International Performance Review, Public Administ ...

s and restructuring of state-owned enterprises and the banking sector. These are measures negotiated with a

troika Troika or troyka (from Russian тройка, meaning 'a set of three') may refer to: Cultural tradition * Troika (driving), a traditional Russian harness driving combination, a cultural icon of Russia * Troika (dance), a Russian folk dance Polit ...

composed of the

European Commission The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body o ...

, the

European Central Bank The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#Intern ...

and the International Monetary Fund as preconditions for monetary aid to Portugal. On 25 August 2013, Borges died from pancreatic cancer at the age of 63.Morreu António Borges
/ref>

References

{{DEFAULTSORT:Borges, Antonio 1949 births 2013 deaths Central bankers Goldman Sachs people Academic staff of INSEAD International Monetary Fund people People from Porto Portuguese bankers 20th-century Portuguese economists Portuguese politicians Social Democratic Party (Portugal) politicians Stanford University alumni Stanford University faculty Technical University of Lisbon alumni Academic staff of NOVA University Lisbon Deaths from cancer in Portugal Deaths from pancreatic cancer Portuguese officials of the United Nations Portuguese people of Italian descent