João Rendeiro

João Manuel Oliveira Rendeiro (22 May 1952 – 13 May 2022) was a Portuguese banker, entrepreneur and university teacher. He was the founder of the Banco Privado Português.

Biography

Rendeiro was born in Lisbon, the son of João Augusto da Silva Rendeiro and wife Joana Marques Gonçalves Oliveira, shoe store owners in Lisbon. Both of his parents were originally from Murtosa, in Aveiro District. The family moved to Lisbon and lived in Campo de Ourique, a civil parish (freguesia) of the historic center of Lisbon, and João Rendeiro attended both the reputed Salesianos private catholic school and the state-run Liceu Pedro Nunes high school in the city. He then studied economics at the Instituto Superior de Economia e Gestão (ISEG) of the Technical University of Lisbon, where he was also a teacher, and later went to the University of Sussex in England where he would be awarded a doctorate degree also in economics. While working as a university teacher, in a marketing class, João Rendeiro created together with a pupil a successful mineral sparkling water brand called Frize, founded as a company in 1994 and based in Vila Flor, District of Bragança, that they would later sell to Compal.

However, Rendeiro became nationally renowned and influent after he has founded the Banco Privado Português (BPP) in 1996, a private bank that grew considerably for several years but would collapse in 2008 and went into liquidation. His private bank followed to bankruptcy for which on 24 July 2009, Paulo Guichard and Salvador Fezas who served as two board of directors committee members of the BPP were suspended and were both joined by Rendeiro with the appointment to a case that involved indicting for falsifying accounts, money laundering and tax crimes. He had claimed that he did not know anything about its issues.