Susana Vicente

Susana Vicente was publicly identified in 2012 and 2013 as Head of Investment / Head of Investments at ESAF, the asset-management arm historically associated with Banco Espírito Santo. In that role, she commented publicly on ESAF’s fund range and product strategy, including the firm’s Luxembourg funds and its approach to unit-linked investment products.

In 2012, FundsPeople quoted Vicente explaining ESAF’s Luxembourg fund strategy: the firm sought to align Portugal-focused funds distributed through a domestic network with a Luxembourg product range designed for different types of clients. This places her role within fund construction, product alignment, and cross-border fund availability rather than direct startup investing.

In 2013, she described ESAF’s unit-linked approach as evolving from a mass-market origin toward affluent and high-net-worth clients. She emphasized a “gestão global da poupança” approach and tight risk management across multiple risk profiles. Public sources reviewed do not verify the stub claim that she is an angel investor or that she invests at seed stage.

ESAF later changed its name to GNB Gestão de Ativos as part of its integration into Novo Banco. GNB describes itself as the asset manager of the novobanco group, offering investment funds, real-estate funds, asset-allocation services, pension-fund management, retirement solutions, and discretionary portfolio management.

• Public evidence points to institutional asset management rather than personal angel investing.
• ESAF’s stated approach under Vicente focused on global savings / wealth-management solutions, using direct and indirect exposure through funds and derivatives.
• Her cited investment-product emphasis was on maximizing return with tight risk management for affluent clients.
• ESAF maintained Luxembourg funds to broaden the product range beyond Portugal-focused domestic distribution.
• No verifiable startup-sector thesis, angel-investing criteria, seed-stage mandate, or personal check size was found.