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 said. 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 started recently, will beef up operations in the US, Europe and Asia and across product groups, with an emphasis on technology and electronic trading, the source said.
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