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Report: Deutsche Bank's head of emerging-market debt trading leaves

Deutsche Bank AG's head of emerging-market debt trading, Sean Bates, has left the German lender, Bloomberg News reported.

Bates will be replaced by James Davies, according to Deutsche Bank spokesman Charlie Olivier.

Bates' departure, which was first reported by Business Insider on May 21, is the latest in a line of top managers exiting Deutsche Bank since Christian Sewing replaced John Cryan as CEO in April.