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Novo Banco names executive director for retail business

Novo Banco SA appointed Luís Ribeiro an executive director for retail business, subject to approval from the European Central Bank.

Ribeiro was already a member of the board of directors for Novo Banco dos Açores SA and Garval - Sociedade de Garantia Mútua. He was responsible for coordinating the area of companies in southern Portugal and previously for the retail area.