Horácio Roque
Encyclopedia
Horácio da Silva Roque was a Portuguese
Portuguese people
The Portuguese are a nation and ethnic group native to the country of Portugal, in the west of the Iberian peninsula of south-west Europe. Their language is Portuguese, and Roman Catholicism is the predominant religion....

 financier
Financier
Financier is a term for a person who handles typically large sums of money, usually involving money lending, financing projects, large-scale investing, or large-scale money management. The term is French, and derives from finance or payment...

 and businessman, who founded the Banco Internacional do Funchal
Banco Internacional do Funchal
Banif Financial Group is a Portuguese international financial services group based around the bank Banco Internacional do Funchal. The company has a presence in Europe, South America, North America, Africa and Asia.-History:...

 (BANIF) in 1988.

Born in Oleiros, Oleiros, Roque started his first business, a bar
Bar (establishment)
A bar is a business establishment that serves alcoholic drinks — beer, wine, liquor, and cocktails — for consumption on the premises.Bars provide stools or chairs that are placed at tables or counters for their patrons. Some bars have entertainment on a stage, such as a live band, comedians, go-go...

 in Portuguese Angola
Angola (Portugal)
Angola is the common name by which the Portuguese colony in southwestern Africa was known across different periods of time...

, then a colonial possession of Portugal
Portuguese Empire
The Portuguese Empire , also known as the Portuguese Overseas Empire or the Portuguese Colonial Empire , was the first global empire in history...

, when he was just 17 years old. He gradually built up his wealth from a series of business ventures
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...

 throughout southern Africa. In addition to the Banco Internacional do Funchal (BANIF), which is headquartered in Funchal
Funchal
Funchal is the largest city, the municipal seat and the capital of Portugal's Autonomous Region of Madeira. The city has a population of 112,015 and has been the capital of Madeira for more than five centuries.-Etymology:...

, Madeira
Madeira
Madeira is a Portuguese archipelago that lies between and , just under 400 km north of Tenerife, Canary Islands, in the north Atlantic Ocean and an outermost region of the European Union...

, Roque's assets included real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...

 and insurance
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...

 holdings throughout Portugal, North America
North America
North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...

 and South America
South America
South America is a continent situated in the Western Hemisphere, mostly in the Southern Hemisphere, with a relatively small portion in the Northern Hemisphere. The continent is also considered a subcontinent of the Americas. It is bordered on the west by the Pacific Ocean and on the north and east...

.

Roque founded a foundation in 1991 to fund cultural, educational and other philanthropic causes.

He married twice, firstly to Maria de Fátima Henriques da Silva Moura and secondly to Paula Caetano, without issue. By first marriage he had Maria Teresa Henriques da Silva Moura Roque, born in 1971, wife of Pietro Saviotti dal Fabbro, by whom she had issue, and Cristina Henriques da Silva Moura Roque, born in 1978.

Horácio Roque died of a stroke
Stroke
A stroke, previously known medically as a cerebrovascular accident , is the rapidly developing loss of brain function due to disturbance in the blood supply to the brain. This can be due to ischemia caused by blockage , or a hemorrhage...

 on 19 May 2010, at the Hospital of São José, at São José, in Lisbon
Lisbon
Lisbon is the capital city and largest city of Portugal with a population of 545,245 within its administrative limits on a land area of . The urban area of Lisbon extends beyond the administrative city limits with a population of 3 million on an area of , making it the 9th most populous urban...

, Portugal. He was 66 years old.
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