WestLB Shifts HK Trading Team Of Singapore, While Restructuring FX/IR Operations In Region

BANKS

In an effort to refocus and regroup its FX and derivatives interbank, marketing and sales activities in 1997, Westdeutsche Landesbank Girozentrale (WestLB) shifted its Hong Kong-based FX trading team to Singapore last week, and is expanding its interest rate and currency derivatives desk in the territory, while beefing up its FX desk in Tokyo, says Stephan Leusder, WestLB's regional treasurer and general manager in Singapore.

The German bank's eight FX staff in the territory ate in the

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