WestLB hires Wohanka in bid for expansion

Article Abstract:

Westdeutsche Landesbank Girozentrale (WestLB) has hired respected investment-management specialist Richard Wohanka to head the company's Asset Management, a new division grouping its money-making activities in France, Germany and the UK. According to Hans Offen, vice chairman of WestLB's board, the appointment of Wohanka underscores the bank's desire to be at par with other foreign banks, which are aggressively expanding to raise their individual portfolios. Wohanka will lead WestLB's expansion in Europe and abroad, particularly in Japan.

Comment:

Has hired respected investment-management specialist Richard Wohanka to head company's Asset Management unit

Commercial Banks, Commercial Banking, Westdeutsche Landesbank Girozentrale, Article

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Ousted CEO of Bertelsmann nails retail gig

Article Abstract:

German retailer KarstadtQuelle AG has appointed Thomas Middelhoff as CEO. Middelhoff is the former head of Bertelsm ann AG. He faces a tough assignment, as the outlook for the German retail market worsens.

Strategy & planning, MISCELLANEOUS RETAIL, HOME FURNITURE, FURNISHINGS, AND EQUIPMENT STORES, Planning, Specialty stores, Company business planning, Middelhoff, Thomas, KarstadtQuelle AG

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WestLB CEO plans to step down

Article Abstract:

WestLB's chief executive officer, Johannes Ringel, is scheduled to resign from his post in March 2004. Ringel spent less than one year in the post.

Banking industry, Chief executive officers, WestLB

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