The Haitong Bank has confirmed to the Commission on the Securities Market (CMVM) the output of José Maria Ricciardi of the leadership of the institution. The press is the morning progressed already this possibility.
“please be informed that the Dr. José Maria Ricciardi ceased today [December 9] his duties as a member of the Board of Directors and Chairman of the Executive Committee of Haitong Bank, S. A. The management of Haitong Bank, S. A. continues to be held by the Executive Committee, under the responsibility of the lord Hiroki Miyazato, President of the Board of Directors of the Bank,” said the bank in a statement to the regulator of the capital market.
This morning, both the Public and the business Newspaper went that Ricciardi would be output of the institution. The mandate of the administration here led by Ricciardi ends this month of December. And the shareholder of chinese of the institution, according to the Public, is preparing to announce several changes in the governing bodies.
The business Newspaper added that one of the changes that the chinese group wants to develop, in the context of the end of the mandate of the leadership of the Haitong, is the significant reduction in the number of directors of the financial institution. The publication also gave account of the rumors that circulate in the market and that point that Ricciardi and/or Hiroki Miyazato, the chairman, may be output to the investment bank.
The reasons that have led to the departure of Ricciardi are not known. According to the Public before the news have been confirmed officially, in the midst of the financial the belief was that the change in the leadership of the investment bank would be finished. And that puts a final point in a dispute between the administrator with the folder financial, Mo Iv Poo, and the Ricciardi.
To succeed the manager Portuguese, there are several names the circular, including the Paul Martins, a manager in the executive team of the Portuguese banker, and had the confidence of the shareholder in chinese, according to the same source.
Pedro Rebelo de Sousa, former executive chairman of the BFA and a former non-executive director of Caixa Geral de Depósitos, is another name that is pointing to the new leadership of the investment bank. To the Public, Rebelo de Sousa has not confirmed.
Haitong buys BESI
The 8 of December 2014 it was reported that the New Bank sold the BESI to Haitong for 379 million euros. The administration of the New Bank had already confirmed the 4 December, that “was in negotiations with Haitong for sale “of the totality of the social capital”.
The chinese company also issued a statement where it revealed that the completion of the deal would “strengthen the internationalization of the company business strategy and extend its geographical coverage”.
In September last year, the sale was completed. And occurred the change of name of Banco Espírito Santo de Investimento (BESI) to Haitong Bank, bearing in their designation the name of the new owners, the chinese company Haitong International Holdings Limited.
(News last updated at 11:13)
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