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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