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GC Asia
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Piraeus covers capital raise to clean up NPL portfolio
Piraeus Financial Holdings, the Greek holding company which owns Piraeus Bank, has launched a capital raise to give it the firepower needed to offload non-performing loans and has already secured enough demand on one morning of book-building to cover the deal.
21 Apr 2021 -
Cooke to join Santander as securitization head
Matt Cooke is joining Santander as head of securitization later this year, GlobalCapital understands, following his resignation from Lloyds where he held the same role.
21 Apr 2021 -
Cooke leaves Lloyds securitized products group
Matt Cooke, head of the securitized products group at Lloyds, has resigned from the bank, GlobalCapital understands.
20 Apr 2021 -
Germany, Belgium join battle over Taxonomy credibility as it goes to wire
Hectic negotiations and lobbying are going on at the European Commission about the Taxonomy of Sustainable Economic Activities, in the last day before it is due to publish the detailed rules. Key countries including Germany have changed their positions, GlobalCapital can reveal, while supporters of gas and nuclear power are digging in. Battlelines are now being drawn over the timing.
20 Apr 2021 -
BlueBay hires CLO portfolio manager from Challenger
BlueBay Asset Management has hired a portfolio manager to its structured credit and CLO management team, bringing in Tom Mowl from his previous position as senior portfolio manager at Challenger Investment Partners.
20 Apr 2021 -
EU eyes separate gas law, leaves harmful bioenergy in Taxonomy
The European Commission is set to put forward a new solution to the intense battle over the EU's sustainable finance Taxonomy, between green finance supporters and EU member states that want to safeguard their plans to use gas, GlobalCapital has learned. This would appear to involve leaving gas out of the sustainable category of the Taxonomy, as environmentalists have demanded, and making a "separate legislative proposal" to deal with gas and nuclear power.
15 Apr 2021 -
‘Trench warfare’ as vultures swoop on Irish NPLs
Private equity "vulture funds" are tightening their grip on Ireland after a Covid-19 parliamentary bill opened up more mortgages for repossession. But legal practitioners are working with non-profits to stop PE firms from “scraping the barrel” of defaulted mortgage debt.
15 Apr 2021 -
Fairwater Capital hires structured credit head
Fairwater Capital, an alternative investment boutique, has hired Eric de Sangues, formerly of Chenavari Investment Managers, as head of structured credit.
15 Apr 2021 -
Buyers eye UK retail assets as high street reopens
With the UK opening up high street retail on Monday, investors are said to be eyeing retail real estate for opportunities. But the market, hit hard by the pandemic, will be slow to recover – with Newcastle’s Metrocentre becoming a prominent example of the future for shopping centres after the pandemic.
12 Apr 2021 -
Head of US CLO syndication leaves Deutsche Bank
Head of US CLO new issue syndication David Ryan has left Deutsche Bank after 17 years working at the bank.
12 Apr 2021
