Jason Cox, head of Asia-Pacific equity capital markets at Deutsche Bank (DBKGn. DE), will leave as part of the 18,000 job cuts that Deutsche Bank has made worldwide, a source with direct knowledge said on Monday.
Cox confirmed his departure to Reuters, but he did not provide details. A spokesman for Deutsche Bank has not immediately responded to requests for comment.
The Bank launched a restructuring operation in Europe on Sunday, announcing plans to eventually streamline its investment banking sector at a cost of 7.4 billion euros. The bank, which has been trying for years to become a big Wall Street investment bank to compete, will now shrink sharply.
Deutsche Bank's restructuring plan also includes cutting off its global equity business.
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