LONDON/FRANKFURT, March 24 (Reuters) - Deutsche Bank is hiring about 100 people to boost its equitiestrading operations as it seeks to recover ground in an area seenas vital to its new strategy, a source familiar with the mattertold Reuters.
The move comes as Deutsche, a traditional bond tradingpowerhouse, looks to improve profitability by shifting businessto less capital intensive areas such as equity trading.
The hiring process, which has started recently, will beef upoperations in the United States, Europe and Asia and acrossproduct groups, with an emphasis on technology and electronictrading, the source said.
A spokesman for Deutsche declined to comment on the firm'sstrategy. (Reporting by Olivia Oran and Arno Schuetze; Editing by RachelArmstrong and Maria Sheahan)
Barclays (BARC)
