The Asia Pacific CEO for Deutsche Bank, Gunit Chadha, will be stepping down from his post.
The exit will be effective on 17 July 2016.
Mr. Chadha took on the role of co-CEO for the bank in 2012, along with Alan Cloete. Alan left Deutsche in 2015, after which Gunit has been steering the ship on his own.
Previously Gunit was the CEO of IDBI Bank in India (2000 to 2003) and was appointed as CEO for Deutsche Bank India in 2003.
The successor for Mr. Chada has not been announced, as of now.
“In the last four years, I am privileged to have had a myriad of experiences across 16 countries in the region that have impacted my professional life in most memorable and meaningful ways. I look back with deep pride in leading a worldclass team and a solid client franchise, which delivered sustainable performance across the Asia Pacific region. I thank my colleagues for their strong partnership and support,” Gunit said in a statement.
Deutsche Bank has seen movement in it’s senior ranks in various locations around the globe, as efforts continue to improve performance and revenue.
