Germany’s largest lender, Deutsche Bank has announced that Gunit Chadha, who is serving as Chief Executive officer for Asia-Pacific region would leave the company next month on 17th of July. At present, he is handling 16 countries which include, India, China in Asia Pacific. He was appointed as a co-chief executive officer (CEO) for the Asia-Pacific in the year 2012 and in the year 2015 he has been promoted as sole CEO.
The 54-year old Chadha started his career with Citibank and also had a three-year stint as MD and CEO of IDBI Bank between 2000 and 2003. In 2003 Chadha joined Deutsche Bank as CEO of India. The decision to quit has come at a time when the bank has decided to restructure the business, including closing down operations in 10 countries, reducing risks, strengthening the capital position and laying off around 15,000 people. As the Deutsche Bank has been under pressure this year globally.
So let’s discuss some questions related to this post:
1. Name the person who has announced his resignation from the post of Deutsche Bank CEO for Asia-Pacific?
2. Deutsche Bank is the largest lender of which country?
Courtesy: Economic Times