Gunit Chadha, country head and CEO of Deutsche Bank in India, will join the top leadership of Germany's largest bank when India-born Anshu Jain takes over as its co-chairman at the end of May.
Deutsche Bank's supervisory board on Friday appointed Chadha as a new member of the highly-influential Group Executive Committee (GEC), which will be expanded from 12 to 18 members.
Chadha, 50, will also become the co-head of the bank's Asia-Pacific operation together with Alan Cloete, head of global finance and foreign exchange based in London, Deutsche Bank said in a press statement after the board meeting.
The GEC comprise members of the management board and senior representatives of the bank's business divisions and regional operations. It advises the seven-member management board on strategic decisions and assists in preparing the decisions to be made by the board.
Jain, 49, will chair the GEC together with his designated co-CEO Juergen Fitschen, after they take over the reins of Deutsche Bank from Josef Ackermann at the bank's annual general meeting on May 31.
Chadha has been a member of Deutsche Bank's Asia-Pacific executive committee since January, 2005. He played a crucial role in building up the bank's operations in India and contributed to the steady growth in its profits since joining the bank in August, 2002.
