Deutsche Asset Management has seen another senior exit with the departure of its global head of compliance.
The move marks the third senior compliance exit from the Frankfurt headquartered financial group in the past 18 months.
A report from industry news portal «Financial News» (behind paywall) claims that Katie Smith left her position as global head of asset management compliance at Deutsche's €711bn investment business earlier this summer.
Flurry of Departures
Smith had joined Deutsche Bank in early 2015 as head of compliance for its asset management unit in Europe, the Middle East and Africa and was appointed to global head a year ago.
Her departure follows a spate of changes in the German lender's compliance team. She is the fourth senior compliance executive to leave Deutsche Bank since the start of 2016.
Other Deutsche Moves
In other Deutsche Wealth news finews.asia learnt that in order to be closer to teams and regulators, Amrit Singh, head of Wealth Management Global South Asia, is moving from London to Singapore.
He will continue to lead that team, based across Asia, Middle East and Europe, from Singapore, according to Serge Steiner a spokesperson for the bank in Zurich.
