The Parthenon freeze
Did Greece's state pension funds lose their marbles over structured bonds? Life & Pensions tells the exclusive story of the backlash over an investment that went wrong
On 14 November 2006, the Greek public supplementary pension fund, Teapoka, received a letter proposing an unusual investment. The offer, also made to three other Greek pension funds, set off a chain of events culminating in a criminal investigation, as well as a storm of firings and recriminations at the highest reaches of the Greek government and London-based financial institutions.
Teapoka is typical of what the Paris-based Organisation for Economic Co-operation and Development (OECD) has
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on People
People: All fall in at Citi, TD turbulence, and more
Latest job changes across the industry
Asia moves: senior hires at Citi, BNP Paribas, and more
Latest job news from across the industry
People: Masters moves into FNZ, Two Sigma founders step back, and more
Latest job changes across the industry
Cardano’s Max Verheijen moves to BasisPoint
Verheijen spent 24 years at the Dutch pension advisory firm
People: SocGen’s Farah replaces Salorio, Deutsche makes credit hire, and more
Latest job changes across the industry
Coex Partners hires former Citi head of FX Apac sales
Matt Long joins Coex in Singapore to oversee FX execution and trading strategy for regional clients
Athora CFO exit caps management overhaul
Entire management team at Apollo’s European insurance affiliate has been replaced since 2022
People: New brooms at NatWest and Tradeweb; MUFG splits rates, and more
Latest job changes across the industry
