Miguel Horta e Costa

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Person.png Miguel Horta e Costa   WikidataRdf-entity.pngRdf-icon.png
(economist, businessman)
Miguel Horta e Costa.png
Born28 July 1948
Alma materTechnical University of Lisbon
ParentsMiguel António de Cisneiros Ferreira Horta e Costa
Portuguese banker

Baron Miguel António Igrejas Horta e Costa is a Portuguese economist and banker.

Early life

Miguel António Igrejas Horta e Costa graduated in Economics from the Higher Institute of Economic and Financial Sciences, currently ISEG, of the Technical University of Lisbon, and has two postgraduate degrees in Business Organization and Management from at the Management College at the University of Birmingham and at the University of Navarre (AESE).


He began his professional life with an internship at the then Banco Português do Atlântico and in 1972 joined CTT as an organization technician.

In 1976, the then Secretary of State for Finance, Sousa-Franco, invited him to be an assistant, a 6-month experience that put him in contact with the country's governance.

After being in charge of various functions in the direction of CTT/TLP (the postal service and postal bank), he assumed in 1981, the presidency of Companhia Portuguesa Rádio Marconi, a position he held until 1984, the year in which he became Vice-President of CTT/TLP.

In 1987, after Portugal joined the then EEC, and until 1990, Miguel Horta e Costa performed the functions of Secretary of State for Foreign Trade.

In 1990, he returned to banking to become Director of Banco Espírito Santo and Espirito Santo Investment Bank between 1990 and 1995.

In January 2015 Miguel Horta e Costa was constituted as a defendant and questioned by the Central Department of Investigation and Criminal Action (DCIAP) in the Mensalão case, after being denounced by the Brazilian jorunalist Marcos Valério of having negotiated directly with the then president of Brazil Lula da Silva funding the Workers' Party in the amount of 2.6 million euros, allegedly committing a crime of "corruption in international trade", which would have taken place between 2004 and 2005. In September 2015 the DCIAP concluded the criminal investigation initiated against Horta e Costa, clearing him of the corruption charges.[1]

After leaving his post at Portugal Telecom , Miguel Horta e Costa held the position of vice-chairman of the board of directors of the bank Haitong, a position he resigned in May 2016.[2]

Decorations and other honors

He has been a Knight of Grace and Devotion since 1979, awarded the respective Grand Cross of the Order Pro Merito Melitensi in 1985, elevated to Grand Cross of Grace and Devotion in 1998, Ambassador to Cape Verde since 2004, Grand Cross of Honor and Devotion since 2005 and Vice-President of the Assembly of Portuguese Knights since 2006 of the Sovereign and Military Hospitaller Order of Saint John of Jerusalem, Rhodes and Malta. He has been a Knight since 1982 and a Knight Commander since 2000 of the Equestrian Order of the Holy Sepulcher of Jerusalem.

He is a member of the Real Hermandad de Infanzones de Nuestra Senora de la Caridad de la Imperial Villa de Illescas since 1987.

He was awarded the Grand Cross of the Order of Merit of Luxembourg in 1988, the Grand Cross of the Order of Civil Merit of Spain on March 20, 1989 and as Knight of the Grand Cross of the Order of Merit of the Italian Republic of Italy on July 18, 1990, and with the degree of Grand Officer of the National Order of Merit of France on January 28, 1991.

He has been Commander of the Royal Military Order of Our Lady of Conception of Vila Viçosa since 2002, Knight of the Grand Cross of Justice of the Holy Military Order Constantiniana de São Jorge, of the Royal House of the Two Sicilies - Duque de Castro Branch since 1999, and Representative of the same by the same in Portugal.

By Letter of 24 May 2004, Duarte Pio, Duke of Braganza gave him, for life, the title of Baron, to use privately before the name and followed by the designation of the family title: Baron Miguel António Igrejas Horta e Costa (Santa Comba Dão).


Events Participated in

Bilderberg/199814 May 199817 May 1998Scotland
The 46th Bilderberg meeting, held in Scotland, chaired by Peter Carrington
WEF/Annual Meeting/200421 January 200425 January 2004World Economic Forum
2068 billionaires, CEOs and their politicians and "civil society" leaders met under the slogan Partnering for Prosperity and Security. "We have the people who matter," said World Economic Forum Co-Chief Executive Officer José María Figueres.
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