WestLB beefs up its presence in Hong Kong

Germany's WestLB - which describes itself as a "speedboat not a supertanker" - adds three senior executives to its Asia-Pacific management team.

Germany's WestLB announced on Thursday May 18 the addition of three senior executives to its Asia-Pacific management team to further strengthen the bank's operations in the region.

Since transforming from a state-owned entity to a private enterprise after the abolition of state guarantees in Germany, WestLB has been restructuring its Asia businesses and growing them.

The Asia Pacific region is a very important part of WestLB's global footprint, says Robert Stein, a member of the managing...

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