Latest news
Latest news
Peter Troisi takes over as CEO, while resi credit head is one of four promotions to partner
Fund will deploy a range of investment strategies ‘so as not to limit its potential universe’
Alternative investment manager to buy up to $2bn in newly originated mortgages from a prominent non-QM issuer
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European banks are rushing to finalise the first synthetic ABS transaction to achieve a ‘simple, transparent and standardised’ (STS) verification. The debut deal, which marks a turning point for the significant risk transfer market, has already been signed and is set to arrive in the coming months.
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The University Superannuation Scheme, one of the UK’s largest pension schemes, has hired BlackRock’s Janet Oram as head of asset-backed securities at its investment management arm.
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Matt Blake, director of treasury at Together Money, has left the specialist mortgage lender for a position as treasurer at Pepper Money.
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A senior securitized products banker at Barclays Investment Bank is moving to the buy-side after 19 years with the bank. He will be replaced by a senior banker from Credit Suisse
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The pace at which central banks are accelerating towards skewing monetary policy to support the fight against climate change was brought home this week by a speech by Isabel Schnabel, an executive board member at the European Central Bank, in which she went further than ever before in calling for strong action and hinted at how the ECB might do it.
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Generali is marketing the first green catastrophe bond, a €200m deal called Lion Re III laying off European windstorm and Italian earthquake risk. The structure takes its cue from the growing ESG risk transfer market for banks, which enhances the green impact of a given deal by recycling not just the funding received but the capital saved into green assets.
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The Green and Social Bond Principles organisation published the first new version of the Green Bond Principles since 2018 on Thursday. It strengthens the recommendations that issuers publish a bond framework and obtain an external review, and encourages issuers to communicate about their organisation-wide sustainability efforts, not just the assets linked to the labelled bond.
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Bank of America has set up an EMEA ESG strategic council chaired and led by three senior investment bankers, to intensify its effort to reduce its carbon footprint and manage its climate risks.
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The former head of US CLO syndication at Deutsche Bank, David Ryan, has been hired by Barclays as director on the CLO syndicate desk in the New York office.