Deutsche Bank said hiring to boost equities trading operations

Deutsche Bank is hiring about 100 people to boost its equities trading operations as it seeks to recover ground in an area seen as vital to its new strategy, a source familiar with the matter told Reuters.

Reuters reports that the move comes as Deutsche, a traditional bond trading powerhouse, looks to improve profitability by shifting business to less capital intensive areas such as equity trading.

The hiring process, which has started recently, will beef up operations in the United States, Europe and Asia and across product groups, with an emphasis on technology and electronic trading, the source said.

Deutsche is also looking to improve its prime finance department, which helps hedge funds finance their positions, deploying more people and capital to it, a second source said.

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Deutsche Bank hiring 100 staff to boost equities trading-source

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