Deutsche Bank US head of global transaction banking, Paul Saltzman, is leaving in March, according to an internal memo from the head of the unit, which provides trade financing and manages cash for companies and governments, The Wall Street Journal reports.

A Deutsche Bank spokesman confirmed Saltzman’s departure. The lender will name a successor “in the near future,” according to the memo sent Monday from transaction-banking global head John Gibbons. The unit’s global operations chief, meanwhile, will spend more time in the U.S. while temporarily overseeing the business in that region, according to the memo.