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Banco BPI announced this Monday that Pablo Forero informed the Banco BPI Board of Directors of his decision to retire at the end of his term, with his replacement being João Pedro Oliveira e Costa, who has been the bank’s executive director since 2014, with responsibility for the Private, Premier, Private Banking and Business areas.
“The election of the nominated president of the Executive Committee will only take place after the necessary approval by the supervisory authorities,” says a BPI statement thanking Forero for the “excellent work” carried out in his mandate, which allowed “the completion of the process with absolute success. ” integration into the CaixaBank Group and improving all the bank’s strength, profitability and commercial strength indicators “.
Married and father of two children, Lisbon, 54, has a degree in Business Administration from the Catholic University and began his professional career at BCP, in the area of asset management, where he spent two years. In the BPI group, where he has been working for almost three decades, the executive performed various management functions related to the private and commercial areas.
“I know that I have the support and loyalty of a great team, which I have learned to respect through many years of joint work, based on very strong values and principles, which support BPI’s distinctive identity. (…) We Know Good , the difficult challenges and the time of uncertainty that await us, but we also know that we can have the necessary resources to win and we do not doubt for a second about our capacity, our will and our determination “, says the new CEO, quoted in a note. Press release
We are aware of the difficult challenges and uncertainty ahead, but we also know that we can have the resources to win. João Pedro Oliveira e Costa, new executive president of bpi
Fernando Ulrich, who has closely followed Oliveira and Costa’s journey at BPI for the past 30 years, praised the “character, competence and leadership qualities” of the new chairman of the executive committee. The current president of the board of directors also highlighted “the exemplary way in which Pablo Forero led the executive team, made up of BPI staff, the excellent relationship between them and, above all, the results obtained during his term.”
In a video published by V Digital in July 2019, the manager spoke of leadership as “a great responsibility” and recalled that “no one is born as a leader.” “Usually we start as bosses. And the difference between leadership and leadership is that, in the case of bosses, it is the organization that designates them and imposes itself on others. In leadership, it is the team that that designates us and, in practice, we are embraced by the rest of the team. ” For now, Oliveira e Costa was appointed by the administration; Now we need to start opening our arms to BPI employees.
Alert in Parliament with eyes in October
On April 21, Oliveira e Costa was the BPI spokesperson at a hearing in the Assembly of the Republic before members of the Economy, Budget and Finance commissions, and said that the “covid-19 pandemic” will have very complicated consequences for the economy and its agents, “including banks.
The then-administrator said banks must continue to meet the regulator’s requirements, namely liquidity and capital ratios, and warned that it is “momentary” that regulators have recently facilitated capital ratios, so that banks maintain your financial or future pillows will have to make capital increases.
And he anticipated that starting in October, when the government’s moratoriums on home loans and business loans end, there will be an increase in bad loans and a negative impact on profitability. “We will have to be available to be with clients who have been with us for years, but we cannot be with everyone, so we will all have to be together in this battle,” he stressed in Parliament.
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