Miguel Alves appointed new CFO of Banco de Fomento

Miguel Alves, from the European Investment Fund, has been appointed the new Chief Financial Officer of Portugal’s development bank Banco de Fomento.

With Bruno Rodrigues leaving that position at the end of the month, the bank has begun fit and proper checks on the successor at the institution led by Gonçalo Regalado.

To date neither the bank or the Bank of Portugal has made a statement on the appointment.

Alves is a Portuguese economist dedicated to the European project and has been a fervent supporter of public policy, finance and innovation.

With over a decade of experience in SME financing, he has a proven track record in fundraising and designing venture capital, private equity, and guarantee programmes to improve access to finance across Europe.

At the European Investment Fund (EIF), he led the negotiation and implementation of several investment programmes to boost innovation, sustainability, and competitiveness of Portuguese startups and SMEs.

Together, these programmes mobilized over €7.5NBn of investments, with a strong impact on resilience, growth, and job creation.

Source: Jornal Económico