April 22, 2010 / 1:21 PM / 9 years ago

Carlos Costa nominated for Bank of Portugal chief

LISBON, April 22 (Reuters) - The Portuguese government said on Thursday that it has nominated Carlos Costa, vice president of the European Investment Bank (EIB), to take over the top job at the Bank of Portugal.

“The (Cabinet) resolution nominates, by recommendation of the finance minister, Carlos Costa for the role of Governor of the Bank of Portugal,” the government said in a statement following a cabinet meeting.

Costa, who has been based in Luxembourg since 2006 and is responsible for EIB funding and financing, will replace Vitor Constancio, who will start his new job as European Central Bank vice-president in June.

The 60-year-old trained economist has a long career in the banking sector. He has also taught at Portuguese universities and sat on the boards of European banking and regulation associations and bodies.

Reporting by Sergio Goncalves, writing by Shrikesh Laxmidas

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