Steady Under Pressure: WestLBIn Europe, it has not been the
best of years for WestLB, the German landesbank, whose
writedowns, losses and bailouts have caused consecutive waves
of negative headlines over the past several months. In LatAm,
however, the investment bank managed to keep its global woes at
a distance, capitalizing on an historical focus on energy,
infrastructure and project finance. WestLB churned through a
long list of transactions many of them innovative and
trend-setting to clinch this years LatinFinance
award for Infrastructure House of the Year. The shops
success in the region during the 12-month period through July
is the fruit of the collective labors of a team that today
looks much different than even a year ago. Veterans Carl
Adams and Isaac Deutsch were politely shown the door during a
global redesign that abolished the regional banking approach to
in favor of a product-based organizational...
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