Trust Principles guardian appoints new director

Established in 1941, the Trust Principles aim to preserve Thomson Reuters independence, integrity and freedom from bias in the gathering and dissemination of information and news.

Portugal’s career spans both the public and private sectors in Brazil, and in international organisations.

He served as an executive director at the World Bank Group and as executive director and deputy managing director of the International Monetary Fund. At the IMF he oversaw Fund relations with 81 countries across five continents. He has also served as president of the Brazilian Federation of Banks, and served on the boards of Banco do Brazil, Caixa Econômica Federal, Electrobras and IRB Brazil RE.

Previously he was an adviser at the Office of the Chief of Staff to the President of Brazil, and then served as chief economic advisor at the General Secretariat of the Presidency of the Republic of Brazil. He was secretary of the National Treasury, where he played a key role in implementing the Real Plan of economic stabilisation. He also served as deputy finance minister from 2005 to 2006.

Kim Williams, chairman of the Founders Share Company's Board, said, "I am delighted to welcome Murilo Portugal to the Trustees of the Thomson Reuters Trust Principles. I am sure he will make a fine contribution to our thinking in defending the Principles and ensuring that we act at all times in a way that is consistent with the best ethical practice, ensuring that values core to the successful sustenance of the Principles over the last 80 years are maintained through sensitive, and sustained, vigilance.” ■