Deutsche Bank’s India managing director and private wealth management business head Ajay Bagga has reportedly resigned from his post last week.
"Ajay has resigned and is currently on gardening leave," a person familiar with the development told Business Standard.
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According to the publication, the bank had accepted Bagga’s resignation and has initiated a search for a new head.
Bagga joined Deutsche Bank in 2009 from Lotus India AMC where he served as CEO.
Prior to this, he has also worked as CEO of Kotak Mahindra AMC, vice-president of GE Consumer Finance, national sales and distribution head of Kothari Pioneer AMC and vice-president of Citibank in India.
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