Deutsche Bank trims Japan staff as part of global restructuring

Japan feels the effect of Deutsche Bank's plans to cut about 500 positions in its corporate banking and securities division, primarily outside Germany, by March next year.

Deutsche Bank trims Japan staff as part of global restructuring

Koichiro Yasuda, Deutsche Bank’s head of corporate financing coverage in Japan, has resigned, as the bank this week cut about 20 banker jobs in Japan, a source said. The move was part of the German bank’s global effort to slash costs in response to the significant slowdown in client activity.

On October 4, Deutsche Bank said in a statement that it plans to reduce its headcount by about 500 positions in the corporate banking and...

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