WestLB BasicsBy Kim S. Nash | Posted 2006-08-02 Email Print
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When encountering legal or regulatory action, technology managers who fail to get corporate data fast or vouch for its completeness can cost their companies millions of dollars. Learn what happened to WestLB, an investment bank, when it had to exhume 650,
U.S. Headquarters: 1211 Ave. of the Americas, New York, NY 10036
Phone: (212) 852-6000
Business: Investment banking.
Chief Information Officer: Ken Bigelow
Financials in 2005 (for parent company, WestLB AG): $715 million in profit before taxes; $490 million net profit.
Challenge: To adhere to internal data retention policies, comply with regulatory rules for saving data, and produce documents related to lawsuits completely and in a timely manner.