António Sarmento
Stock da Cunha enters the bank at eight in the morning and works on average 12 hours. Has a passion for numbers and, in meetings, is the first to interpret the graphs. Do not raise your voice with colleagues, likes to tell jokes and some say it is stubborn. Attempts book-ends week for friends and family. Tennis is the ideal sport to relax the stress of banking
The president of the New Bank Stock Eduardo da Cunha, has a remarkable memory. Numbers in, setting up football teams (Benfica is) and even on car registrations, is an almost encyclopedic precision. When challenged by friends and closest collaborators does not fail. “In the meetings is always the first to interpret the graphics, analyze information and make decisions.’s A good financial analyst, Santander school,” says a source close to the Economic banker.
Stock da Cunha returned to Portugal with a round trip ticket. Since 2009 is out of the country, first in the United States, the Sovereign (bank Santander group) and, since April this year, was at the invitation of Lloyds Antonio Horta Osorio, and where it goes back so finish the dossier of the New Bank. In Lisbon, the day-to-day CEO will begin around eight in the morning and will have, on average, a duration of 12 hours. Spend the day in meetings with the management team and contacts with potential bidders already known – BPI , Santander, BBVA and Sabadell, among others – but also with investors from outside Europe .
In addition to the passion for numbers, still enjoys writing and, in times of Santander, collaborated with the department of communication. After having assumed the role of CEO of the New Bank Stock da Cunha published a message on the ‘intranet’ which emphasizes that the mandate of the new board is “clear” and is to “recover and create value” to the institution.
is fluent in Spanish and English (speak and write correctly) and also in French. In meetings no one saw “exalted.” “It has a style of Anglo-Saxon leadership, is direct and civilized. Portugal and Spain In is rising over the voice,” says a former employee. “To lower the tone to be more incisive, but sometimes is stubborn,” adds another source close. Who knows what defines him as a pragmatist. “Cut the right” to do what it takes, but it is not “confrontational”.
A good layout is more of the characteristics mentioned by those who worked with the banker, 51 years. “He likes to tell jokes and is almost always in a good mood. Nevertheless not have a popular style, keeps the distances when needed.”
From journalist to banker
The man chosen by the Bank of Portugal to sell the New Bank thought of changing economics journalism. In youth, while studying, Stock Eduardo da Cunha worked in the newspaper “The Afternoon” economy and then on Radio Renaissance. Through collaborated with other publications. “At that time there was a large turnover of people in the wording and we privilegiávamos interns with training in economics or management to write technical information. Was so he went, someone knew him and invited him to collaborate on a ‘newsletter’ that we had on markets and economy, “recalls Jaime Antunes, one of the founders of the Economic Weekly.
Former student of the college São João de Brito, the banker follows the motto instilled by the Company of Jesus “Educating to Serve”. Ali, crossed with other top figures of the economy and the financial world, as António Pires de Lima or António Horta Osório.
The banker has over two decades of professional experience in banking, having held important positions both in Portugal and abroad. He graduated in Economics at the Catholic University, having taken an MBA at New University of Lisbon. The professional career started in 1985 at Citibank Portugal where he was three years, followed by five years’ experience in the NCO Dealer at the time, the largest brokerage to operate directly on the Lisbon stock exchange.
In 1993 , entered the Banco Santander Totta, where crossed with managers as Nuno Amado (current president of BCP ) and António Vieira Monteiro, the current leader Santander. This bank remained in different positions. Was responsible for the department of treasury, investment banking, brokerage area and led the Santander Totta Seguros.
Was still attached to the ‘private banking’ (wealth management) area, before moving to the administrator operating and then financial. Also on the Board of Directors and the Executive Committee of Santander Totta current.
In 2009, gave international jump, assuming duties of a director responsible for the operational area at Sovereign Bank, American commercial bank based in Boston, which is 100% owned by Spanish group Santander. “Things do not appear by chance. Enabled the Group some people may have an international career, not all are chosen, but are only chosen those competing,” he said in an interview with weekly Expresso.
remained in the United States until October 2013, when he left the group that welcomed over 20 years. In April 2014 came into office in Lloyds and assumed the position of director of audit (in the areas of digital and transformation). Despite the distance, never cut the umbilical cord with the country. Everyday received the press review to keep abreast of what was happening, especially in terms of banking. Still read some diaries and consulting sites – a taste for journalism still holds.
Stock da Cunha was born in a large family, being the third of eight children and the mother inherited the nickname Stock of German-Jewish origin. “I was born into a privileged family multilevel My dad taught me from a young age that gives us responsibilities and duties, and few rights There is an advantage in being the third:..’re Relatively freed for some of these responsibilities,” admitted a Anabela Mota Ribeiro interview in 2006 has five children: Agnes and Diogo’s first marriage and three younger daughters (Rita Carmo and Carlota – fruit of marriage to current wife, Maria João).
The week-ends in Lisbon, will be spent with family and friends. “It has a very large group of friends and a fantastic ‘networking’,” adds another source the Economic. Find time to play tennis is also a priority. “A few years ago we played a couple of amateur tournaments held in CIF. We won one and lost the other end, my fault. I remember he was a little disappointed, but it is not as competitive as the Horta Osório,” recalls John Lagos , the organizer entrepreneur Portugal Open.
Over the course of working life, Eduardo da Cunha Stock always liked to quote the phrase “Expect the best and be there for the worst” (hope for the best but be prepared for the worst). An expression that fits like a glove on the challenge of leading the New Bank.
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