German Landesbank boosts Asia presence
German Landesbank Nord LB has appointed Sandra Reich to head its German desk in Singapore, where she will be responsible for supporting German corporate clients with their business activities in Asia.
Reich is currently managing director at Börse Hamburg and Börse Hannover as well as board member at BÖAG Börsen AG, the promoting company of both stock markets. She is set to take on her new position at Nord LB as of 1 August 2016.
Her appointment is part of a broader move by the German Landesbank to expand its presence in Asia. Alongside credit and financing business to medium sized corporate clients, Nord LB’s activities also include project financing in energy, infrastructure, shipping and aerospace.
Nord LB currently has 70 employees in Singapore and 20 in Shanghai.