Philip Lee, Deutsche Bank AG's Southeast Asia vice chairman and chief country officer for Singapore, is leaving to pursue other interests, Bloomberg News reported Aug. 8, citing an internal memo.

The bank appointed David Lynne chief country officer for Singapore, according to the memo seen by Bloomberg. Lynne will assume the new position in addition to his existing roles as head of Deutsche Bank's global transaction banking team in Asia-Pacific and chief for fixed-income and currencies for the region.

Further, the German bank appointed Asia-Pacific COO Chandra Mallika deputy chief country officer for Singapore.

The appointments are subject to local regulatory approvals.

A representative for Deutsche Bank confirmed the contents of the memo to Bloomberg.