WGZ Bank
The WGZ Bank (officially WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank) is the umbrella organization of some 230 cooperative financial institutions in the Rhineland and in Westphalia. It is based in Düsseldorf. Through its subsidiaries, the company offers long-term real estate loans; services for the international currency financing business with member banks; and investment analysis and asset management services for private clients, as well as custodian for a number of funds in Luxembourg [1] As a wholesale bank, it acts as a trading partner in currency, foreign exchange, and capital markets, as well as in bond issuing and syndications.[2]
From 2011 WGZ Bank and DZ Bank merged their private banking businesses based in Luxembourg to further strengthen their operations in Germany.[3]
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