Deutsche Bank moves

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.

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 securities division during the fourth quarter of 2011 and the first quarter of 2012, primarily outside Germany. The source said that Japan is taking the share of these global cuts.

Deutsche Bank...

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