Capital gain

25 March 2021 By Jennifer Hughes Follow @JennHughes13

The German lender may be hiring a dozen capital markets experts, less than two years after slashing the team amid mass global layoffs. The equities business has a reputation for being a people-heavy volume game, but Deutsche may have found a way to make small pay, too.

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Deutsche Bank wants to hire up to a dozen equity capital markets bankers, Bloomberg reported on March 24. The move would boost its presence in a business it largely exited in 2019 as part of laying off 18,000 staff globally.

The German lender ranks 33rd in a league table of Asia Pacific equity capital raising so far this year, up from 47th for all of 2020. Its 2021 placing has been helped by roles as a bookrunner on the $4.2 billion New York initial public offering of South Korean e-commerce group Coupang and on the $689 million float in Hong Kong of Autohome, the Chinese car-sales site.

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