WestLB expands credit risk management

German bank WestLB has made five additions to its credit risk management division for the Americas in New York.

William Cody is the bank’s first executive director of asset-backed securities loan originations. He joins from MBIA Insurance Company, where he was a director in the asset-backed finance department, and reports to Edward Bankole, head of WestLB’s credit risk management team.

Reporting to Cody is Kenneth Laudano, late of Moody’s Investors Service where he worked in the asset finance