Novo Banco’s Bourke Would Like to Remain CEO After BPCE Deal (1)

Novo Banco SA Chief Executive Officer Mark Bourke said he’d like to continue in the role after the Portuguese lender’s acquisition by French banking group BPCE is completed next year.

Asked if he’d like to remain CEO, Bourke said “of course, absolutely.” Novo Banco will in the meantime “continue to simply execute strategy as is,” Bourke said in an interview on Thursday. “It’s pretty clear that you’re not going to do any major acquisitions or any other corporate activity.”

Mark Bourke, chief executive officer of Novo Banco SA, during a Bloomberg Television interview in London in 2024.

Photographer: Jason Alden/Bloomberg

BPCE in June agreed to buy Novo Banco from Lone Star in a deal valuing the bank at around €6.4 ...