Chairman of Cosmopolitan parent's board stepping down

Thomas Fiato has resigned as chairman of the board of Nevada Property 1 LLC, the parent company of The Cosmopolitan of Las Vegas, according to a filing Wednesday with the Securities and Exchange Commission.

Fiato is also stepping down as chairman of the Nevada Property's audit committee and as a member of its compensation committee.

His decision to cede his duties with Nevada Property was the result of his resignation from Deutsche Bank AG effective Aug. 29.

Nevada Property is a subsidiary of Deutsche Bank. Fiato has been chief operating officer for corporate finance coverage at Deutsche Bank since 2005.

Nevada Property has "not currently identified" a replacement for Fiato.