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New chairman named for Novo Banco
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Novo BancoSA named António Manuel Palma Ramalho chairman of its board ofdirectors, effective Aug. 1.
The appointment was based on a proposal by the Portuguese Fundode Resolução and is subject to the approval of the .
Ramalho is currently presidentof Infraestruturas de Portugal, a public company that manages Portugal's roadand rail infrastructure.