José Filomeno dos Santos
business person
Jose Filomeno de Sousa dos Santos (born 9 January 1978) is an Angolan businessman, and the son of Angola's former President José Eduardo dos Santos, who ruled the country from 1979 to 2017.
Early life and education
Jose Filomeno de Sousa dos Santos was born 9 January 1978, and raised in Luanda, Angola's capital, son of Filomena Sousa and Angola's former President José Eduardo dos Santos, who was elected as President of Angola on 21 September 1979, and served under multiple mandates until 25 September 2017.
In 2003, Jose Filomeno de Sousa dos Santos completed his postgraduate studies in Information Management and Finance at the University of Westminster, in the United Kingdom.
Career
In 2012, José Filomeno dos Santos was appointed to the board of the Fundo Soberano de Angola (FSDEA), Angola's sovereign wealth fund and in June 2013 he succeeded Armando Manuel as chairman. During his tenure, FSDEA underwent a substantial regulatory overhaul that defined its current organizational structure, investment strategy and regulatory obligations to the Angolan state.
On 5 August 2014, FSDEA became a member of the International Forum of Sovereign Wealth Funds, a multinational body of sovereign investors, co-founded by the International Monetary Fund to strengthen the global investment community through dialogue and self-assessment by adherence to the set of standards for governance, investment and risk management practices, referred to as the Santiago Principles.
Under Dos Santos leadership, FSDEA also reached the ranking of 8/10 in the Linaburg-Maduell Transparency Index, an assessment model developed by the Sovereign Wealth Fund Institute to encourage government-owned investment funds to disclose their goals and operations.
His chairmanship marked a period in which all FSDEA annual financial statements were independently audited by one of the big four international accounting firms and published on the official state newspaper, consistent with his assertions of the openness of the institution to public scrutiny.
After President João Lourenço was elected, he dismissed dos Santos from his position before the end of his term. Following Dos Santos' removal by Lourenço, on 10 January 2018 there ensued a prolonged period of lawfare, reportedly aimed to downplay or negative his prior record of note, and at times described as a character assassination attempt.
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