Gunit Chadha resigns as CEO of Deutsche Bank Asia Pacific Region

Jun 15, 2016 14:03 IST

Gunit Chadha on 14 June 2016 resigned as Chief Executive Officer (CEO) of Asia Pacific region of Deutsche Bank AG. He will leave the office on 17 July 2016.

About Gunit Chadha
• Chadha joined Deutsche Bank in 2003 as the CEO for the global lender’s India business.
• In 2012, he was elevated to co-CEO for its Asia Pacific business and later in October 2015 was appointed as CEO for the Asia Pacific.
• Under Chadha’s leadership, Deutsche Bank had started its investment banking, retail banking and institutional broking business in India.
• Prior to Deutsche Bank, he was CEO of IDBI Bank Ltd.

This is the second high profile exit from the bank. Earlier in June 2016, the bank announced that Quintin Price, Head of its asset management business and a member of the management board is also set to quit.

The company had earlier announced a shocking 6.8 billion Euros loss for the year ended December 2015. In January, the bank had announced a restructuring drive and had decided to cut down its exposure in a number of global markets, while also announcing spending cuts.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App

Is this article important for exams ? Yes3 People Agreed
Read more Current Affairs on: Gunit Chadha , resigns , CEO of Deutsche Bank , Asia Pacific Region

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK