New unit to be headed by Werner Doetsch
Mainz, June 12, 2006 - Real Estate Corporates & Structured Finance (RECSF) is the name of a new front-office department established by WIB with a view to pooling its capital market-oriented real estate financing activities. The new department will be headed by Werner Doetsch, formerly BU Head of the domestic commercial lending business. Fritz Rügert, formerly Head of Special Finance, has been appointed Head of Structured Finance / Public Private Partnerships, while Matthias Tertünte, formerly WIB’s credit analyst, will head the Analysis unit.
The new front-office department serves real estate clients of the WestLB Group who have a demand not only for real estate finance but also for investment banking products. Reflecting the international capital markets’ growing interest in the real estate market and in real estate as an asset class, the new department builds a bridge between real estate know-how and capital market expertise. The department’s main products include IPOs, capital increases, convertible bonds, mezzanine bonds, securitisations, derivatives, private equity arrangements, public private partnership (PPP) projects in the structural engineering sector and the support of portfolio transactions.
Headquartered in Mainz, WIB is the WestLB Group’s Center of Competence for real estate finance. In addition to its domestic branches, WIB has a presence in London, Madrid, Paris and New York and soon also in Warsaw.
Westdeutsche ImmobilienBank
Press and Public Relations
Große Bleiche 54
55116 Mainz
Germany
Telefon: + 49 6131 9280 -7222/7385
Telefax: + 49 6131 9280 - 7209