Deutsche Bank’s Zar Amrolia Parts Ways with Lender for XTX Exec Role

Veteran Deutsche Bank executive, Zar Amrolia, has announced that he will be leaving the bank by month’s end to join XTX Markets as its Co-Chief, according to a recent report from Reuters.

Mr. Amrolia has been a mainstay at Deutsche Bank – he relinquished his role as the Co-Head of Deutsche Bank’s fixed-income trading business in November 2014, having since assumed a leadership role in the bank’s technology development sector.

Less than two years after the move, Mr. Amrolia is once again changing places, this time leaving Deutsche Bank altogether, and is slated to part ways with the company at the end of September. In total, he has spent over two decades with Deutsche Bank after originally joining the lender in 1995. Over his tenure, he’s worked in its options, sales and foreign Exchange (FX) business, eventually expanding his focus to technology in his most recent role.

Despite the departure however, Mr. Amrolia’s position will not be immediately replaced. He will be joining XTX Markets where he will be working as it Co-Chief, alongside former Deutsche Bank executive Alex Gerko.

Last month, Deutsche Bank lost Daniel Caplan and Simon Kempton, who both parted ways with the lender. Deutsche Bank has been losing a number of key personnel in recent months amidst a wider restructuring movement.