Borges, First Hedge Fund Standards Board Chair, Dies

Sep 3 2013 | 10:59am ET

Antonio Borges, the former Goldman Sachs International vice-chairman who served as the first chairman of the Hedge Fund Standards Board, has died.

Borges passed away on Aug. 25 at the age of 63, the HFSB said. Borges led the voluntary industry watchdog from its founding in 2008 until the end of 2010, when he became head of the International Monetary Fund's European Department.

Borges served as deputy governor of the Bank of Portugal in the early 1990s and was dean of the famed European business school INSEAD from 1993 until 2000. In that year, he joined Goldman, holding that post until he took the helm at the HFSB.

Borges left the IMF in November 2011, after only a year, citing personal reasons. Most recently, he spent several months advising his native Portugal's government on privatization programs.

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