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 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.
A spokesman for Deutsche declined to comment on the firm's strategy.
The bank employed 101,000 people at the end of 2015 but did not give
a figure for equity trading.
Chief Executive John Cryan has urged investors to have patience as
the overhaul of Germany's biggest lender is expected to peak this
year, following a record loss in 2015.
He acknowledged in January that Deutsche had lost momentum in
equities sales and trading and vowed to invest in the unit, just as
European rivals are scaling back their own securities divisions.
Deutsche's revenue from trading stocks fell 28 percent to 520
million euros ($581 million) in the fourth quarter from a year
earlier, with a significant drop in equity derivatives weighing
while prime services had a positive reading.
Credit Suisse meanwhile said on Wednesday it would shave another 800
million Swiss francs ($822 million) off costs and cut 2,000 more
jobs at its Global Markets division, where it sees trading revenues
dropping by 40 to 45 percent in the first quarter. It added,
however, that it would continue to build its cash equities and prime
finance business.
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The Swiss bank as well as peer UBS are concentrating on their wealth
management business and Barclays has large retail banking
operations, while Deutsche Bank has said it is sticking with a focus
on investment banking.
Deutsche Bank's finance chief had said earlier this week that the
first two months of 2016 were the worst start to a year for banks in
general that he has seen in his banking career.
Data published by Coalition, an industry analytics firm, on Thursday
shows that Deutsche maintained its position as one of the top five
global investment banks in 2015, taking the second rank in Europe
after J.P. Morgan and the number one spot in Asia.
Globally, it remained the third largest player in fixed income,
currencies and commodities, while it fell behind in equities, the
data showed.
(Editing by Rachel Armstrong and Keith Weir)
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