pilar_igcp

Organization

Social Bodies of IGCP

Board of Directors

The Board of Directors consists of the following members:

  • One President
  • Two Members

 

Composition of the Board of Directors (members appointed by Resolution of Council of Ministers No 32/2025:

  • Pedro Miguel Pereira Cabeços – President (consult CV);
  • Márcia Raquel Duarte Rodrigues – Member (consult CV);
  • Rui Manuel Sampaio Amaral – Member (consult CV).
Advisory Board

The Advisory Board is composed of:

  • President of the Board of Directors of IGCP – who presides without voting rights
  • Former presidents of the Agency who have completed at least one term
  • One member of the Board of Directors of the Bank of Portugal, appointed by them
  • Four recognized personalities in economic and financial matters, appointed by the government member responsible for Finance.

 

Composition of the Advisory Council:
  • Pedro Miguel Pereira Cabeços - President and current President of the Agency
  • Vítor Augusto Brinquete Bento - Former President of the Agency
  • Vasco Manuel da Silva Pereira - Former President of the Agency
  • Alberto Manuel Sarmento Azevedo Soares - Former President of the Agency
  • Cristina Maria Nunes da Veiga Casalinho - Former President of the Agency
  • Juan Miguel Martín Iglesias - Former President of the Agency
  • Luís Augusto Máximo dos Santos - Appointed by the Bank of Portugal
  • Alexandra Paula Branco Pinto Leão - Appointed
  • Ricardo Augusto Marcos Rocha Reis - Appointed
  • Pedro Miguel Soares Brinca - Appointed
Single Auditor

The Single Auditor is responsible for monitoring the IGCP. For the term of 2022-2024, the effective auditor is RCA - Rosa, Correia & Associados, SROC, S.A, represented by official auditor Dr. Paulo Fernando da Silva Pereira. The substitute auditor is Dr. Tânia Michele Ferreira de Almeida Duarte.

 

 

Organization of IGCP

Organizational structure
organograma IGCP em Inglês
How Does IGCP Operate in Practice?

Get to know the various business and support areas of the organization.

 

Markets and Portfolio Management Area (AGRM): proposes and executes the strategy for the active management of the debt portfolio and derivatives of the State and Reclassified Public Entities.

 

The AGRM includes:

  • Trading Room (NSM);
  • Risk Management Unit (NGR).

 

Operations Area (AOP): ensures the processing and accounting of financing operations, management of treasury accounts and cash. It also controls the specific Treasury operations accounts.

 

The AOP includes:

  • Operations Monitoring Unit (SAO);
  • Accounting Operations Unit (SOC).

 

Clients Area (ACL): is responsible for the service, processing, and control of operations on retail debt instruments, namely savings certificates, management of treasury accounts, and the provision of banking services to State bodies and other public entities.

 

The ACL includes:

  • Retail Debt Unit (SDR);
  • Treasury Accounts Management Unit (SGT);
  • Client Accounts Management Unit (SGC).

 

Information and Communication Systems and Technologies Area (ASI): ensures the operation of systems and databases, communications, security, and computing equipment. It also manages the design and development of information system projects.

 

The ASI has under its dependency the Information Systems Development Unit (NDS).

 

Seven other structural units also report directly to the Board of Directors:

  • Secretary-General (SG): supports the social bodies, monitors legislative processes related to the Agency, and ensures the relationship with entities that fall within the mission of IGCP. It is also responsible, according to national and European legislation, for the performance of the functions of Data Protection Officer (DPO);
  • Issuances and Markets Unit (NEM): implements the Financing Program approved by the Supervisory Authority, regarding the creation and management of Public Debt instruments (excluding Retail);
  • Compliance Function Unit (NFC): responsible for developing compliance risk management instruments, which highlight two areas:
  1. plan to prevent the use of accounts held by IGCP for money laundering and terrorist financing (ML/TF);
  2. collection and internal coordination of information on regulatory matters necessary for external reporting. The coordinator is responsible for regulatory compliance (Decree-Law No. 109-E/2021) and for monitoring/reporting to the Bank of Portugal of fraud in payment systems.
  • Financial Control Unit (NCF): ensures aspects related to the development of risk management models, assessment of risks and portfolio performance, internal control mechanisms, procedures, and internal audit. It also has the function of supporting the Data Protection Officer (DPO);
  • Research and Reporting Unit (GES): conducts economic analysis, builds scenarios for the evolution of economic and financial variables, and produces information for external use;
  • Administrative Management Unit (SGA): handles all logistics for the operation of IGCP – personnel matters, procurement of goods and services, facilities, and budget control;
  • Support Office (GA) for the Board of Directors (CA): directly supports the CA in the legal, information, and documentation domains.

 

Markets Committee: defines the guidelines to be followed regarding financing and management operations, based on the analysis of market developments and outlook, the debt portfolio and the forecasts and evolution of State treasury.

It is composed of the members of the Board of Directors and the Coordinators of AGRM, AOP, NCF, NSM, NEM, GES, SOC and SAO.