Sal Oppenheim, the Cologne-based private bank which is part of Deutsche Bank, has said that executive board member Ferdinand Leisten has left the bank to “pursue new professional challenges.”

Leisten served at Sal Oppenheim for more than 20 years as a member of the extended executive board, responsible for institutional asset management.

Leisten also acted as management spokesperson for Oppenheim Kapitalanlage gesellschaft.

Earlier in the year, Sal Oppenheim confirmed that its organisational restructure focusing on wealth management is in progress and that it could bring with it a number of job cuts.