WestLB Loses Two Senior Bankers

WestLB has lost two experienced LatAm bankers. Carl Adams, head of EM structured and corporate finance in LatAm, and Isaac Deutsch, an executive director in the same group, are both leaving the firm in a move that they apparently did not initiate. Adams is still at the firm, but has been given 60 days, say bankers away from the process, while Deutsch is confirmed to have already left. Billing the move as a “transition” out of the firm, a spokeswoman notes that WestLB has for a while now been reorganizing itself into an institution focused on sectors rather than geographical regions. WestLB no longer has a LatAm-specific group, but several operating groups in the region that report to global heads of sectors, such as infrastructure and energy. The bank plans to maintain its business in the region.