Deutsche Bank AG’s Asia-Pacific head of international private bank Jin Yee Young is leaving less than six months after joining the lender from Credit Suisse Group AG.
(Bloomberg) — Deutsche Bank AG’s Asia-Pacific head of international private bank Jin Yee Young is leaving less than six months after joining the lender from Credit Suisse Group AG.
Marco Pagliara, head of the international private bank for Europe, Middle East and Africa, was appointed as the new chief for emerging markets as part of the changes, according to an internal memo from Claudio de Sanctis and Alexander von zur Muehlen obtained by Bloomberg News. Pagliara will relocate to Singapore from Zurich.
A Deutsche Bank spokesperson declined to comment.
Young’s unexpected departure comes after the high-profile executive unveiled her strategy in April, when she targeted to double private-banking revenue from Asia in five years at Deutsche Bank.
More stories like this are available on bloomberg.com
©2023 Bloomberg L.P.