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.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.