Deutsche Bank advertises equity research jobs, risks being inundated with applications

eFC logo
Deutsche Bank advertises equity research jobs, risks being inundated with applications

Four months ago, a job in equity research at Deutsche Bank might not have seemed altogether appealing. In July, Deutsche Bank closed its equities trading division, made 500 staff forcibly redundant and moved thousands of others into its Capital Release Unit (CRU) to run its books down. However, Deutsche decided to maintain an equity capital markets (ECM) business in Europe and so many of its equity researchers were kept on. Now Deutsche wants to hire some more of them, and headhunters say it could have plenty of takers. 

Deutsche didn't respond to a request to comment for this article, but earlier this month the bank posted two new equity research vacancies in London, for a pan-European beverages analyst at assistant vice president level and a pan-European leisure hotels and business services analyst at vice president level. 

The openings are notable because Deutsche is in the grips of a partial hiring freeze and all its new job openings need to be signed-off by either CEO Christian Sewing, CFO James von Moltke, or deputy CFO Karl von Rohr. Only critical openings will be approved, so Deutsche obviously has a critical need for new researchers. 

That's good because researchers themselves have critical need for new jobs at Deutsche Bank right now. Headhunters say there are already plenty of redundant researchers floating around the market after Macquarie suddenly closed its cash equities business last month. More cuts are expected at HSBC and at RBC, which lost its head of European equity research, Rufus Grantham, last week. 

"There are a lot of people out there with bills to pay and at the end of the day it's still Deutsche Bank," says one equities headhunter. "It's still a big name. They still have a good platform and there are an awful lot of people already on the street."

Deutsche's equity research team is now run by Gerry Gallagher. Gallagher was appointed head of research at the German bank in September when former head of research Kinner Lakhani left to help Tidjane Thiam with strategy at Credit Suisse. Gallagher was formerly Deutsche's head of consumer research, a role in which any gaps in either beverages and leisure research would have been painfully obvious. He may be taking advantage of his new position to fill them. 

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

Related articles

Popular job sectors

Loading...

Search jobs

Search articles

Close
Loading...