Deutsche's Thai country officer bids adieu

Manfred Schmoelz, Deutsche Bank’s chief country officer for Thailand, will leave at the end of this month after working at the bank for more than two decades. According to market rumours, he is expected to join rival Royal Bank of Scotland in a coverage role based in Singapore after a two-and a-half-month gardening leave.

Before his appointment as chief country officer in April 2009, Schmoelz was Deutsche Bank’s head of corporate banking coverage for Asia Pacific, based in Singapore. He is said to be keen to return to a coverage role, as well as reuniting with his family, who remain in Singapore. Schmoelz, who hails from southern Germany, has been...