Teplukhin will take over his new responsibilities on 1 October 2012 and will report to Stephan Leithner, CEO Europe.

Before joining Deutsche Bank, Teplukhin was the president and chairman of Troika Dialog Asset Management, having co-founded the firm back in 1991. He is also chairman of the Forex Club Group.

Teplukhin will also focus on making Deutsche Bank’s products available to a broader circle of Russian corporates and developing the firm’s private wealth management franchise.

Commenting on the appointment, Leithner said, "In his new role Pavel will further develop the Deutsche Bank Russia franchise. Specifically, the focus will be on expanding our product range for Russian clients and assisting Russian corporates with their international and global aspirations."

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