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Gunit Chadha is Deutsche Asia-Pac CEO

30oct20152Deutsche Bank has appointed its former India head Gunit Chadha as CEO of the Asia Pacific region. Chadha will have the responsibility for the whole Asia Pacific market. Deutsche Bank co-CEO Jurgen Fitschen said in Asia the bank will finetune its existing structure. Earlier, the bank had announced that it will close operations in 10 countries and cut 15,000 full and part time jobs across the globe. The bank also plans to reduce the number of clients in its global markets and corporate and investment banking division by approximately 50%, especially in higher operating risk countries. This is part of the bank’s ‘Strategy 2020’ aiming to cut costs, lower risks and improve Bank’s capital position.

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