Deutsche Bank's chief executive for Asia-Pacific is leaving the bank.
Mr Gunit Chadha will step down on July 17, according to Deutsche CEO John Cryan in an e-mail yesterday.
Mr Chadha joined Deutsche as CEO for India in 2003 and was appointed co-CEO for Asia-Pacific in 2012 before becoming sole CEO last year.
"During this period, our businesses in Asia-Pacific delivered substantial growth coupled with increased profitability," Mr Cryan wrote in his e-mail.
"I am grateful to Gunit for his contributions to Deutsche Bank and especially for his role in developing our valuable presence across 16 countries in Asia-Pacific."
He added that a successor will be announced in due course.
Singapore is one of the hubs for Deutsche in the Asia-Pacific region, employing around 2,000 people at two sites - One Raffles Quay and Mapletree Business City.
The bank's Asia-Pacific business is one of its main growth engines. When Deutsche announced a global restructuring in October last year, the Asian units were left untouched.
At the bank's full-year results briefing in January, then co-CEO Juergen Fitschen commented on the strength of the Asia network, which delivered revenues of more than €4 billion (S$6.1 billion) last year, up 14 per cent from the year before.
He said profit in the region has also tripled over the last three years.
This came as the bank reported a full-year loss of €6.8 billion overall last year.
Deutsche's business divisions in this region include corporate and investment banking, global markets, Deutsche Asset Management and Deutsche Bank Wealth Management.