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U.K. Building Society Seeks Treasury Help

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

Nationwide, a U.K. building society, is looking to hire analysts for its Northampton-based treasury team. The firm is seeking to make at least two hires. One will fill a gap created when William Partis, head of the treasury department, retired this year. Partis has since been replaced by Liam Coleman, who is now head of investment and distribution, according to industry officials. Coleman did not return calls.

The building society has a £85 billion balance sheet and is one of the most-prominent U.K. investors in asset-backed securities. Nationwide is also planning to be the next issuer of covered bonds in the U.K. The deal, slated to be at least E1 billion is said to be hitting the market early next year. The lead managers on the deal have not yet been named, but Citigroup Global Markets is widely tipped to win the mandate. Bob Liao, a covered bond banker at Citi, declined to comment.

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