Deutsche Bank Asia CEO Chadha quits

Gunit Chadha has stepped down as Deutsche Bank’s Asia CEO. The bank’s CEO John Cryan informed colleagues in an email about Chadha’s decision.
Chadha has not announced his future moves but sources said that he is keen on returning to India. As CEO for Asia-Pacific, he has been operating out of Singapore since 2012. He earlier headed the bank’s operations in India.“I am grateful to Gunit for his contributions to Deutsche Bank and especially for his role in developing our valuable presence across 16 countries in Asia-Pacific,” Cryan said in his note.
As CEO for Asia-Pacific, Chadha was responsible for 16 countries in the region, including India, Asean, Greater China, Australia and Japan. Colleagues said that Chadha was leaving on his own terms with the bank achieving profitable growth, and not facing any regulatory or governance issues.
In the past, there have been rumours about Chadha taking charge at a leading private bank. Recently, there has been a news report about Chadha picking up stake in Start Up Equity Partners, a boutique investment firm. There has also been speculation over Chadha joining hands with Sameer Sain, co-founder of Everstone group which has promoted Indostar Capital.