Pedro Manuel de Oliveira Cardoso has been Chief Executive Officer of Banco Nacional Ultramarino (BNU) since August 2011. (BNU and Bank of China are Macau’s two official issuing banks.) He is fluent in Portuguese, English, and Spanish and has been learning Mandarin since his arrival in Macau.
Born in Lisbon, Portugal in 1965, Cardoso received all his academic training from the Catholic University of Lisbon where he holds a bachelor’s degree in economics, an actuarial post-graduate degree and a masters degree in business administration in finance.
During his 28-year career in banking, he has held numerous senior management positions in several banks in three different countries. Previously the Chief Financial Officer of Banco Caixa Geral in Spain and Deputy General Manager of BPA in New York, before joining BNU, he was a board member of Caixa Geral de Depósitos (CGD), BNU’s parent company controlling over 115 billion USD in assets in 23 countries. He has also been President of the Board of Directors of the Macau European Chamber of Commerce since October 2015.
Cardoso looked forward to expanding the banking business not only to mainland China but also to other Portuguese-speaking countries. The 2017 opening of a CGD branch in Hengqing, the Zhuhai municipality adjacent to Macau, is currently one of his priorities.
Pedro Cardoso left BNU in June 2018 to hold a key management position at Mozambican bank Banco Mais through Hong Kong investment company Bison Capital Financial Holdings
Cardoso joined Hong Kong investment company Bison Capital Financial Holdings in July 2018, which has acquired 48 per cent of the capital of the Mozambique bank through a 12 million euros (US$13.99 million/MOP113,14 million) injection and a partnership with the financial institution largest shareholder, Macau-based company Geocapital Holdings Limited S.A.
Shareholders in Geocapital include local business magnate Stanley Ho Hung-sun, founder of SJM Holdings, and the current CEO of the gaming operator, Ambrose So.
Cardoso became a member of the board at Bison’s holding company and concurrently hold the position of President at Portuguese investment bank Banif Banco de Investimento, S.A. (Banif Investment Bank).
Banif has recently been purchased by Bison from Portuguese company Oitante, S.A., and is currently undergoing restructuring.