WestLB Restructures To Provide All Products Through One Global Sales Force--GFM

PEOPLE NEWS

LONDON--Westdeutsche Landes bank Girozentrale (WestLB) is to provide all of its products through one sales force.

The bank says it will amalgamate derivatives, fixed-income, treasury, emerging markets, loan syndication, debt capital markets and related research units into a single business, Global Financial Markets (GFM).

The restructuring will affect around 800 people in the bank's Dusseldorf, London, Tokyo, Singapore and New York offices.

Humphrey Percy, formerly head of global treasury,

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