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Bhupinder Singh said to be exiting Asian role with Deutsche Bank

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Bhupinder Singh, Deutsche Bank AG's Asia-Pacific co-head of investment banking, is leaving after two years in the role, people familiar with matter said.

[HONG KONG] Bhupinder Singh, Deutsche Bank AG's Asia-Pacific co-head of investment banking, is leaving after two years in the role, people familiar with matter said.

Mr Singh will stay for a few months until a replacement is announced, one of the people said, asking not to be identified as the matter is confidential. The Singapore-based banker declined to immediately comment when reached on his mobile phone.

The departure is coming as Deutsche Bank revamps its operations globally. John Cryan, the co-chief executive officer installed in July, has signaled he'll shrink an investment bank wrestling with more than 11 billion euros (S$17 billion) of misconduct costs.

Mr Singh was appointed co-head of corporate banking and securities in Asia-Pacific with Michael Ormaechea in August 2013. He was formerly Deutsche Bank's head of corporate finance and restructuring in the region.

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Germany's largest bank is under pressure to overhaul its securities unit to respond to stricter capital rules and a slump in debt trading that eroded some of its most profitable businesses. Mr Cryan has called costs "unacceptably high," with a "continuing burden of heavy litigation charges."

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