People News: Deutsche Bank, Goldman Sachs

Departure

Deutsche Bank’s head of Russian operations, Pavel Teplukhin, will step down in August as the bank scales back its local business in the wake of a money-laundering scandal.

Bloomberg News reports that Teplukhin, 52, will remain on the bank’s Russian supervisory board and his executive responsibilities will be transferred to the chairman of its management board, Annett Viehweg, Deutsche Bank said Wednesday in an e-mailed statement. He joined the lender in 2012.

In the meantime, Reuters reports that Dominique Jooris has left Goldman Sachs to head the Pictet Group's private banking entity in Singapore.

Jooris, who was formerly Goldman Sachs's managing director and head of credit capital markets for Asia ex-Japan, will begin his new stint as CEO at Bank Pictet & Cie (Asia) on July 11.

A source familiar with the situation said Jooris will not be replaced.

Deutsche Bank’s Russia CEO to Leave as Lender Shrinks Business

MOVES-Jooris leaves Goldman Sachs for Pictet

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