Germany's Westdeutsche Landesbank has transferred Robert Brennan, U.S. head of derivatives in New York, to Tokyo as the Asian head of the market risk group. Brennan said the position had been vacant since early in the year and that the existing team handled the responsibilities until Brennan was chosen for the job. "This is an important market for us and we're approaching it with a viable business plan," said Brennan, adding he is looking to boost WestLB's presence in Asia. In addition to Tokyo, Brennan is responsible for the group's operations in Singapore and Sydney. He continues to report to Ian Clifton, global head of the market risk group in London.
Peter Decrem, who joined WestLB as a managing director for interest rate derivatives in New York in October, will assume Brennan's responsibilities. Decrem came out of retirement to take the position at WestLB, but was most recently a managing director and head of U.S. and Canadian dollar derivatives at Greenwich Capital.
