António Borges

António Borges
Born	(1949-11-18) 18 November 1949 Ramalde, Porto, Portugal
Died	25 August 2013(2013-08-25) (aged 63)
Occupation(s)	Economist, banking executive, academic
Known for	Managing Director and International Adviser at Goldman Sachs; Director of the European Department at the International Monetary Fund

António Mendo de Castel-Branco do Amaral Osório Borges (18 November 1949 – 25 August 2013) was a distinguished Portuguese economist and banking executive, known for his role as Managing Director and International Adviser at Goldman Sachs.

Early life until 2000

Born in Ramalde, Porto, Borges completed his undergraduate studies in economics at the Technical University of Lisbon in 1972. He then pursued advanced degrees in Economics at Stanford University, earning both a master's and a doctorate by 1980. Afterward, he joined the faculty at INSEAD, before returning to Portugal in 1990 to assume the position of Vice Governor at the Banco de Portugal and also serve as a professor at the Nova School of Business and Economics. In these capacities, he played a key role in the deregulation and modernization of Portugal’s financial markets. Between 1993 and 2000, Borges was appointed director and dean at INSEAD.

2000 to 2010

In the year 2000, Borges moved to London to take on the role of Executive Vice Chairman at Goldman Sachs International, where he was responsible for Strategy, Investment Banking, and Leadership Development initiatives. Concurrently, he held board memberships at prominent companies such as Citibank Portugal, BNP Paribas, Petrogal, Sonae, Jerónimo Martins, Cimpor, Vista Alegre, Novartis Venture Funds, CNP Assurances, Banco Santander de Negócios, Caixa Seguros, Scor, S.P.G.S, and Heidrick & Struggles. Although he stepped down from his Vice Chairman post in 2008, Borges continued as a Managing Director and International Advisor at Goldman Sachs Group Inc. Subsequently, he chaired the Statutory Fiscal Board and Supervisory Board of Banco Santander de Negócios Portugal, led the European Corporate Governance Institute, and headed the Hedge Fund Standards Board Ltd. His governance roles extended to supervisory boards at Novartis Venture Fund and CNP Assurances SA; he also provided advisory services to Critical Links SA and served on the Board of Governors of Wellington College. Borges offered expert advice to institutions including the United States Department of the Treasury, the Electric Power Research Institute, the OECD, and the European Union during efforts to establish the Economic and Monetary Union (EMU). Additionally, he counseled the Portuguese government and taught at the Catholic University of Portugal’s Institute of Economics and Business. Politically, Borges held the position of Vice Chairman on the Social Democratic Party’s (PSD) National Policy Committee from 2008 until 2010.

2010 until his passing

In November 2010, Borges was appointed Director of the European Department at the International Monetary Fund. The following year, Prime Minister Pedro Passos Coelho assigned him responsibility for managing privatizations, renegotiating public–private partnership agreements, and restructuring state enterprises and financial institutions. These measures were part of Portugal’s commitments under a financial assistance program negotiated with a troika formed by the European Commission, the European Central Bank, and the IMF.

Borges passed away due to pancreatic cancer on 25 August 2013, aged 63.