Participants in UK financial institutions debt capital markets have been fascinated by the manoeuvrings at HBOS over the past few weeks.
The first bit of intrigue surrounds the status of Claire Bright, head of asset and liability management of HBOS Treasury Services. Officials at the UK bank stated that Bright was “on leave” and would make no further comment on her current standing. But given that her duties have been divided up among her former colleagues, according to non-HBOS sources, it seems unlikely that she will be returning soon.
The tittle-tattle is rather surprising because the dynamic, likeable and highly regarded Bright has been at HBOS for only a little over a year.
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