Maria Luis Albuquerque does not see “any mismatch” on the way to Arrow – Jornal de Negócios – Portugal

Maria Luís Albuquerque, hired to non- executive director of the British manager of bad loans Arrow Global, rejects any incompatibility with the deputy mandate.

“The non- executive director function has no incompatibility or impediment cool for having been Minister of State and Finance and be Mrs “, marks a Member of the statement distributed to newsrooms by the advice of the parliamentary group of the Social Democratic Party.

the Portuguese Communist Party has raised doubts on hiring, the lack of the “disgust period”, but Maria Luís Albuquerque attacks, in a statement, who criticizes: “Any other reading that may be made to this appointment can only be understood as mere partisan political advantage.”

“The functions that will play are strictly non-executive nature, ie without participation in business decisions in concrete, in Portugal or other countries,” indicates Ms. Portugal was one of the markets, according to the Arrow results release, helped to results 2015.

Minister of State and Finance until November last year, Maria Luís Albuquerque will be non- executive director of the Arrow global, which in the past did business with Banif bank that was saved by public money in 2013 (although, almost three years later, have entered break and need another state intervention).

former -ministra refuses any influence last activity of the managing of bad debt: “No decision taken by the company in the past has been conditioned or influenced by any kind of decision that I have taken”

. Maria Luis will “apotar value” on macroeconomics and regulation

“the purpose of my hiring is to provide value to the company on matters of macroeconomic and regulatory framework at European level, particularly in continental Europe” indicates the former ruler.

in the announcement of their engagement, the chairman of the board of the Global Arrow argued that Maria Luís experience in government and senior management of state companies will complement the company’s management .

Before going to the government (as the Treasury secretary and Finance and then as Minister of Finance), Maria Luís Albuquerque was the IGCP, the agency that manages the Portuguese public debt, and Refer, as financial director.

Since the Arrow purchase debt to banks and companies to then negotiate it. He did business with Banif. And acquired a Portuguese company of Lehman Brothers. Your business has to one of the great litigators in the Portuguese courts.

The phrase what does the Legal Regime of Incompatibilities and Impediments of Political Office Holders and Senior Public Office “Article 5 regime applicable after termination of service
1. the holders of sovereign bodies and political office holders can not exercise for a period of three years from the date of termination of their duties, positions in private companies pursuing activities in the sector for them directly tutored from that in the period of their mandate, they have been the subject of privatization operations or have benefited from financial incentives or tax incentives and benefits systems of contractual nature. ”