Tuesday 4th August 2015
NEWS TICKER, Tuesday, AUGUST 4TH: US bond markets expect a $900m issue from the Metropolitan St. Louis Sewer District as early as next year after its rate commission voted yesterday to back the district’s plan to tap the markets. The bonds will continue financing a $4.7bn capital program required by the Environmental Protection Agency (EPA) to keep sewers in St. Louis and St. Louis County from regularly overflowing into area creeks and rivers. Already, the district has put $600m toward sewer projects in St. Louis and St. Louis County. MSD customers can consequently continue to expect annual sewer bill hikes each summer. In 2012, the average customer paid $29 monthly. This month, bills rose to an average of $41. After this bond issue, the monthly sewer bill will cost the average household $61 by 2019 - JP Morgan has hired Lebo Moropa, giving the bank its first dedicated prime brokerage and equity finance presence in South Africa, reports Securities Lending Times. Former HSBC trader Moropa has joined the bank in Johannesburg and will focus on synthetic and cash prime brokerage and securities lending, including delta one and will report to Paul Farrell in London. Moropa was a delta one trader at HSBC and has worked for JP Morgan before– Apulia Finance has informed the Luxembourg Stock Exchange of its intent to issue a securitised paper, backed by residential mortgage loans originated by Banca Apulia. The issue date is August 6th and the deal is lead managed by BNP Paribas who is also joint arranger with Finanziaria Internazionale Securitisation Group. Swap counterparty in the transaction is Canadian Imperial Bank of Canada and the clearers are Euroclear and Clearstream. Funding is at three month Euribor with a spread of 0.40% before the step up date and 0.80% after the step up date. The deal is worth a combined €170m of which €153m are Class A asset backed floating rate notes due 2043; €6.79m Class B asset backed notes and €9,84m are Class C asset backed floating rate notes – all due 2043.

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Old Mutual appoints Ian Gladman as group strategy director

Thursday, 05 January 2012
Old Mutual appoints Ian Gladman as group strategy director Ian Gladman has become group strategy director of Old Mutual plc and will be a member of the group's executive committee. Gladman will assume responsibility for group strategy from Don Hope, who had indicated that he would like to retire from the Group later in 2012. Until his retirement, Hope will remain on the executive committee, as chairman of the group's Bermudan business and on the board of Nedbank. http://www.ftseglobalmarkets.com/

Ian Gladman has become group strategy director of Old Mutual plc and will be a member of the group's executive committee. Gladman will assume responsibility for group strategy from Don Hope, who had indicated that he would like to retire from the Group later in 2012. Until his retirement, Hope will remain on the executive committee, as chairman of the group's Bermudan business and on the board of Nedbank.

Gladman worked previously at UBS Investment Bank where he spent 16 years, most recently as co-head of Financial Institutions, EMEA, covering a range of UK and European insurance companies, banks and asset managers. Prior to that he was head of corporate finance South Africa for UBS, during which time he advised on Old Mutual's IPO and also advised Nedbank on various assignments. Prior to joining UBS, Gladman worked at Goldman Sachs and JP Morgan.

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