The vice-chairman at WestLB has left the German bank in what is the first major change to its management board under new chief executive Heinz Hilgert, since his appointment was confirmed at the start of the month.
Dr Norbert Emmerich will step down officially next Wednesday to be replaced by two senior WestLB bankers, Dietrich Voigtländer and Hubert Beckmann, who will share the role.