August 17, 2009

It is unclear how many investment banking jobs were lost in the downturn, but there are suggestions that more than 2000 financial service positions were lost across the industry. Deutsche Bank is leading the recovery by hiring 35 bankers, brokers and analysts across its business after gaining market share, particularly in equity capital markets, in the past few months.

The bank has been involved in eight of the nine largest capital raisings of the past year. Deutsche Bank's head of global banking Scott Perkins said the investment banking market was starting to improve, and this had prompted the bank to make additions to its main banking businesses. "We have been hiring from a position of strength," Mr Perkins said. "We have been gaining market share and we have been able to attract some top talent from a number of sources.