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The banker finishes his assignment at Lloyd’s in England next year and his return to Portugal is still uncertain. But he will remain a manager with the financial portfolio at the Champalimaud Foundation: the board of directors approved a new five-year term for current managers.
The likely return to Portugal of António Horta Osório – who announced last July that Lloyds Bank would leave the executive presidency at the end of his term, in mid-2021 – is shaking the political, financial and business media of Portuguese society. From political ambitions (an eventual entry into the race for the Lisbon Chamber), to the surrender of António Mexia in the presidency of EDP (Miguel Stiwell de Andrade was appointed to the position only as an interim) or the leader of the merger process between Millennium bcp and Novo Banco to create the largest national financial institution capable of competing with Spanish banks, including the executive leadership of Sonae, are just some of the scenarios that have been considered for the future former manager of Lloyds Bank.
For now, the only certainty is that António Horta Osório will continue to be the administrator of the Champalimaud Foundation, after being re-elected for a new five-year term at the Board meeting chaired last Tuesday by Leonor Beleza.
Even the return to Portugal is still not safe
Horta Osório has been responsible for the financial portfolio of the Foundation for ten years.
The Board also approved the renewal of João Silveira Botelho.
It should be remembered that António Champalimaud handed over the presidency of the Foundation to Leonor Beleza, by will and for life.
A source close to the banker confirmed to SOL_that Horta Osório could accumulate the position of financial administrator of the Gulbenkian Foundation with any other activity, since the statutes of the institution do not prevent it, not even in the case of political activity.
On the other hand, SOL found that Horta Osório has not yet made any decision about the project that it will embrace after leaving Lloyds Bank: it is not even certain that its near future will mean a return to Portugal.
Now, it is precisely this uncertainty about the future of Horta Osório that is generating more commotion in the corridors of the different powers of the municipality.
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