Breaking: Deutsche Bank’s APAC CEO Gunit Chadha Parting Ways with Lender
- Chadha will be relinquishing his role as CEO of the APAC region in July, snapping a decade long stint with the lender.
The global personnel group at Deutsche Bank has been in a state of flux since last year, and now looks to have extended to the Asia-Pacific (APAC) Asia-Pacific (APAC) The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or Read this Term) region with the departure of Chief Executive Officer (CEO), Gunit Chadha, who announced his intent to relinquish his role in July, according to a recent Reuters report.
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Deutsche Bank has been one of the most active lenders since last year in embarking on a new strategy in a bid to restore its profitability and revenues. In practical terms this meant the cutting of upwards of 35,000 workers over the next few years with countless other moves, consolidations, and restructurings across its global business. However, most of these moves have been confined to the European space, namely London.
This also marks the second Deutsche Bank CEO to leave in as many months, after Bernardo Parnes announced that he would be leaving the group’s Latin American operations in May. Mr. Chadha will be parting ways with the lender on July 17 – thus far a successor has not been named.
Mr. Chadha originally joined Deutsche Bank back in 2003, having focused on a CEO role in India. In 2012 he stepped into the co-head role for APAC, which paved the way for a more lead role in the region. Deutsche Bank’s APAC business had experienced a decline in Q1 2016, much like the rest of its operations in the same period.
The global personnel group at Deutsche Bank has been in a state of flux since last year, and now looks to have extended to the Asia-Pacific (APAC) Asia-Pacific (APAC) The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or Read this Term) region with the departure of Chief Executive Officer (CEO), Gunit Chadha, who announced his intent to relinquish his role in July, according to a recent Reuters report.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
Deutsche Bank has been one of the most active lenders since last year in embarking on a new strategy in a bid to restore its profitability and revenues. In practical terms this meant the cutting of upwards of 35,000 workers over the next few years with countless other moves, consolidations, and restructurings across its global business. However, most of these moves have been confined to the European space, namely London.
This also marks the second Deutsche Bank CEO to leave in as many months, after Bernardo Parnes announced that he would be leaving the group’s Latin American operations in May. Mr. Chadha will be parting ways with the lender on July 17 – thus far a successor has not been named.
Mr. Chadha originally joined Deutsche Bank back in 2003, having focused on a CEO role in India. In 2012 he stepped into the co-head role for APAC, which paved the way for a more lead role in the region. Deutsche Bank’s APAC business had experienced a decline in Q1 2016, much like the rest of its operations in the same period.