U.S. Markets closed

Deutsche Bank Names New Asia Equities Chief Amid Overhaul

Cathy Chan
Deutsche Bank Names New Asia Equities Chief Amid Overhaul

Deutsche Bank AG appointed Richard Chung as head of equities for the Asia-Pacific region, filling a key position as it overhauls its stock business in a bid to revive profit. Chung, who was previously co-head of equity execution in the region, replaces James Boyle, who resigned this month amid the global restructuring. Two other executives, Paddy Hogan and Marlon Sanchez, were named as co-heads of the institutional clients group for Asia-Pacific equities, according to a company memo.