Deutsche Bank looks to Europe for distribution

Frank Nash has been hiring top talent recently. With the hires of Lee Zhang to run China (from Goldman), Anthony Steains to run M&A (from ING Barings), he has sent out a signal that Deutsche wants to be part of the Asian bulge bracket. More recently he brought in Daniel Newman (from Salomon) and David Clarke from Deutsche’s telecoms group in London to both run the telecoms group in Asia. He says he will hire two more senior sectoral bankers.