Deutsche Bank will have a void to fill in the interim after a key element of its Debt Capital Markets (DCM) team, Ram Thothadri, formally embarked on a leave of absence from the lender, according to a Reuters report.
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Deutsche Bank has seen a wide range of personnel movement over the past year since it originally began a massive overhaul and cost cutting agenda that has seen the exodus of several thousand employees already, and up to 35,000 over the next couple of years. Since then, the lender has been bogged down with lackluster profits, which CEO Jon Cryan has doubled down on in recent quarters.
Mr. Thothadri served as the Co-Head of DCM financing and solutions group at Deutsche Bank for the Central and Eastern Europe, Middle East and Africa (CEEMEA). It is presently unknown how long his leave of absence will last or what Deutsche Bank will do in the interim.
Mr. Thothadri was originally appointed to the role back in May 2016, having since served as an integral component of the group’s DCM unit. In this capacity he has been based out of Deutsche Bank’s Dubai branch, and currently co-heads the unit with Budapest-based Zoltan Kurali.