Deutsche poaches Morgan Stanley equity supremo

Asian equity head, Steve Vrjelc is Australia bound with Deutsche.

In the first hiring coup of 2003, Deutsche's equities division has struck again.

Deutsche has hired Steve Vrjelc to be head of its Australian equities business. What makes this more interesting is that Vrjelc was until last week the head of Morgan Stanley's Asian equities business.

Morgan Stanley's Asian equities business - comprising sales and trading - has made great strides under Vrjelc and has managed to gain commanding brokerage market shares in markets such as Korea.

However, Vrjelc - who is Australian - is thought to have been keen to return to Sydney and the Deutsche platform in Australia appealed.

Deutsche has 95 people in its...

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