Briefs: Investec in buyback, Hancock named Tower CEO, and more 03 July 2013 4:23PM Briefs, Investec Bank (Australia) has announced an offer to buy back A$120 million of Australian government guaranteed fixed-rate transferable deposits that are set to mature in February 2014. Pricing will be at a fixed yield to maturity of 2.75 per cent. David Hancock will be the new CEO of insurer Tower Limited in New Zealand. Hancock served briefly as CEO of mortgage manager Firstfolio, before stepping down in October 2012. Hancock worked as head of institutional equities and debt capital markets at Commonwealth Bank from 2007 to early 2012. Lloyds Banking Group is seeking to sell a portfolio of about A$750 million of loans, Bloomberg reports. The package comprises about 12 to 14 deals and includes mainly leveraged loans and some real estate debt.