Deutsche’s Bhupinder Singh leaving bank

The departure of the co-head of corporate banking and securities in Asia-Pacific will add to the vacuum created by gaps in senior management in the region.

Deutsche Bank’s co-head of corporate banking and securities CBS for Asia Pacific Bhupinder Singh is leaving the bank, a person familiar with his decision said on Friday, increasing the number of gaps in the ranks of senior managers in the region. 

He will depart after a handover period of a few months. CBS is made up of corporate finance and markets, including sales, trading and structuring of financial products. The division makes up the lion's share of Deutsche’s business in Asia-Pacific. 

Singh’s decision comes as Deutsche restructures globally. The firm is exiting businesses with a low return on equity, countries as well as...

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