Despite closing its Singapore forfaiting desk WestLB says that Asia is still on its screen for business and that Tokyo and Hong Kong will now channel much of the business previously handled by Singapore through to London. The London team is looking to expand, with several middle level positions available.

Enrico Canova, Singapore head of forfaiting at WestLB has been let go by the bank and is undertaking an executive MBA. His colleagues Lau Choon Huei and Liliya Popovich have also left the team.