WestLB AG appoints Managing Board pair

by Richard Kilner

Story link: WestLB AG appoints Managing Board pair

German bank WestLB AG’s Supervisory Board has announced that there are to be two new members of the Managing Board.

Thomas Groß is appointed as chief risk officer and will be joined by Klemens Breuer who will have responsibility for the firm’s Capital Markets business.

At present Groß is serving with Bank Austria Creditanstalt AG as chief risk officer, earlier serving as global head of risk management with Boston Consulting Group.

He succeeds Dr. Wolfgang Nickels as WestLB’s chief risk officer, with Dr. Nickels focusing his attention upon his position as director of employee relations.

Breuer has been with the bank for three years, and is appointed as a deputy member of the board with responsibility for Capital Markets.

He brings to the role experience gained whilst at Deutsche Bank, where he worked in the Global Markets, Treasury and Global Finance units.

Breuer replaces Werner Taiber, who was heading up the Capital Markets area for both board and Corporates & Structured Finance Division.

This role is split in two, with Taiber retaining responsibility for the Corporates & Structured Finance Division’s Capital Markets.