WestLB Strengthens Trading Team
WestLB AG, Düsseldorf/Münster, has strengthened its trading team in Düsseldorf. Heinz-Joachim Friese, aged 40, will join WestLB Global Financial Markets on September 8, 2003 as the new Head of Jumbo Pfandbriefe Trading. He has been appointed as a Director and was previously with Deutsche Bank. Friese will be responsible for trading Covered Bonds and Supranationals and will report to Bruno Usai, Head of EUR Fixed Income Trading.
Bruno Usai commented: "Heinz-Joachim is well-known in the market for his product knowledge and expertise in Jumbo Pfandbriefe as well as Agencies, Sovereigns and Supras. He will enable WestLB to strengthen its presence in the Covered Bond market, with a particular focus on German Jumbo Pfandbriefe."
WestLB Global Financial Markets is a key division of WestLB AG, responsible for the Bank´s Treasury, Loan Syndication, Debt Capital Markets, Bond Trading, Derivatives and Emerging Markets businesses, as well as associated Research products.
With total assets of more than € 260 billion, WestLB AG is one of the leading providers of financial services in Germany. As a universal bank WestLB AG is focused on key areas including financial structuring, equity solutions, credit products, treasury & fixed income, asset management and transaction banking.