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Town in Debt Cut Talks Monday, 26th Feb 2007 13:00
Town chief executive Derek Bowden has denied last week s newspaper reports of a mystery consortium buying the Blues debts. However, TWTD understands that the club are themselves trying to negotiate a write-down of their overall debt, which currently totals £36 million.
Last week s report claimed a group not linked with the current board were keen to buy the debt, however Bowden says there is nothing in the story: “There is no consortium.”
Bowden has also reiterated Town s repeated stance that talks with the lenders have been continuing over the last few years and are ongoing.
Phoenix Employees’ Deferred Comp seeks stable value manager
Print
Phoenix Employees Deferred Compensation Board is searching for a stable value fund manager for the city s $1.5 billion 457 plan and $542 million 401(a) plan.
The board is seeking an underlying manager for its Phoenix Stable Income Fund, according to an RFP posted on the city s procurement website.
Whether current manager Morley Fund Management is invited to rebid was not known; the last time the services were put up for bid in 2014, Morley Fund Management was the incumbent and was rehired.
The RFP is available on the city s procurement website. Proposals are due at 2 p.m. PST on Feb. 2. A selection is expected on March 21.
Hargreaves director exits to become RLAM chair
Shirley Garrood was a senior independent director at D2C group for seven years
Hargreaves Lansdown senior independent director Shirley Garrood is to relinquish her seat on the board to chair Royal London’s funds business.
Garrood will be stepping down from her post at the platform giant at the end of a seven-year term by the end of 2020, according to an RNS statement issued by Hargreaves.
From there she will join Royal London as a non-executive director and is expected to become the chair of Royal London Asset Management and its risk committee in 2021, subject to regulatory approval.