Julio Garcia, until recently the chairman of Bankers Trust Corp.'s Spanish unit, has left the company, a spokeswoman said Wednesday.

Mr. Garcia's departure follows the $9 billion takeover of Bankers Trust by Deutsche Bank AG of Germany in June. The spokeswoman would not comment on the reasons for Mr. Garcia's departure. Local press reports said Mr. Garcia quit because he disapproved of Deutsche Bank's plans for its merged investment banking division.

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