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Derivatives

WestLB Adds Securitization Pro

Westdeutsche Landesbank has hired Tim Nathan, a director in the structured bonds area at Barclays Capital in London, as an executive director in the asset securitization and principal finance group. He starts later this month and will report to Robin Saunders, the London-based head of securitization. Saunders did not return calls. A WestLB spokesman said the position is a new one and is necessary as the firm increases its securitization business, but was unable to provide more details.

A spokeswoman at Barclays confirmed Nathan's position, adding that he reported to Robert Palache. She said Nathan has not yet been replaced and was unable to elaborate.

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