WestLB and Dekabank are planning to launch a fund management joint venture in Luxemburg next year. Dekabank is to hold 51 per cent of th...

WestLB and Dekabank are planning to launch a fund management joint venture in Luxemburg next year. Dekabank is to hold 51 per cent of the joint venture, while WestLB Asset Management will have the remaining 49 per cent. WestLB has also recently entered into a joint venture with Mellon Financial to set up an asset management firm. The Düsseldorf-based bank also bought the private bank Weberbank this year.