2007-05-10 10:17:30 -

MANNHEIM, Germany, May 10 /PRNewswire/ -- Founded last year, LBBW Securities, LLC with its seat in Delaware, USA, has now been admitted as a member of the NASD (National Association of Securities Dealers), which is responsible for the regulation of the securities industry. LBBW Securities, LLC is a wholly-owned subsidiary of Landesbank Baden-Wurttemberg (LBBW) with equity totalling USD 100 million. As a member of the NASD, the new broker dealer is licensed to operate in the sale and repurchase agreements sector, own-account trading as well as in sales and

origination. "In offering this broader services spectrum, which also comprises equity sales activities and US private placements, we seek to significantly expand our customer base," explained Dr. Peter Kaemmerer, the member of the Board of Managing Directors responsible for LBBW's international business.

LBBW Securities, LLC will conduct its operational business from its offices on Park Avenue in New York. Chief Executive Officer is Ralph Hallenborg, former Chairman and Chief Executive Officer of the US investment bank Aubrey G. Lanston & Company.

http://www.lbbw.de/ Melanie Kleinau Press and Information Landesbank Baden-Wurttemberg Augustaanlage 33 D-68165 Mannheim (Germany) Telephone +49-621-428-76176 Telefax +49-621-428-72104 melanie.kleinau@LBBW.de

Source: Landesbank Baden-Wuerttemberg (LBBW)