Vítor Constâncio was Vice-President of the European Central Bank from June 2010 to May 2018. In the Portuguese Government, he was Secretary of State for the Budget and Planning in 1974 -76 and Finance Minister in 1977-78. At the central bank of Portugal, he was Director of the Economics Department, Deputy Governor and then Governor of the Banco de Portugal from February 2000 to May 2010, becoming thereby a member of the ECB´s Governing Council.
Before having been appointed as Governor of the Banco de Portugal, he was Executive Director of the Banco Português de Investimento (1995-2000).
He was Assistant Professor at the Lisbon School of Economics and Management (ISEG), University of Lisbon, from 1968 to 1973 and later, teaching coordinator of the Master´s degree on Monetary Policy from 1989 to June 2010. He is now President of the School Council at ISEG and Professor at the Master’s Degree in Banking and Financial Regulation at the School of Economics, University of Navarra, Madrid, and member of the respective Advisory Board.