Deutsche Bank Names New Asia Equities Chief Amid Overhaul

Deutsche Bank AG appointed Richard Chung as head of equities for the Asia-Pacific region, filling a key position as it overhauls its stock business in a bid to revive profit. Chung, who was previously co-head of equity execution in the region, replaces James Boyle, who resigned this month amid the global restructuring. Two other executives, Paddy Hogan and Marlon Sanchez, were named as co-heads of the institutional clients group for Asia-Pacific equities, according to a company memo.