Moves: Head of Deutsche Bank's private bank in Asia leaves after less than a year

Credit Suisse AG

08/06/2023 12:40

HONG KONG, June 8 (Reuters) - Jin Yee Young, who joined
Deutsche Bank  DBKGn.DE  in January to lead its Asia Pacific
private banking business, has decided to leave the company,
according to an internal memo seen by Reuters on Thursday.
    Young will be replaced by Marco Pagliara, as the new head of
emerging markets, the memo said. Besides Asia Pacific, his new
role will also cover the Middle East and Latin America, the memo
added.
    The bank did not give a reason for Young's departure in the
memo and a Deutsche Bank spokesperson declined to comment.
    Pagliara, whose appointment to the new role is effective
immediately, joined the German lender in 2019.
    Singapore-based Young previously worked as the deputy head
of Credit Suisse's  CSGN.S  Asia Pacific wealth management
business.
    

 (Reporting by Xie Yu; Editing by Kirsten Donovan)