The equities hiring rush continues apace. Berenberg, the German bank which plans to add 100 people in London over the next two years, is capitalising on the uncertainty at Deutsche Bank: it just hired Danny Carr, DB mid and small caps trader as a director.
Neither Berenberg nor Carr immediately commented on the move, which comes after Carr spent nearly 11 years working for Deutsche Bank in London and 12 years working for BAML. His exit from DB suggests some of the German bank's old guard, who previously remained steadfast, are deciding to move on.
As we reported earlier, 2018 is turning out to be a very active year for senior equities moves. Barclays, Citi,Credit Suisse, Goldman Sachs and SocGen are all hiring. So too are smaller competitors. London headhunters say their market is particularly busy with the likes of Macquarie building a London equities sales and trading presence (Macquarie also hired a DB equities MD this month) alongside smaller brokers like Numis and Olivetree. Numis has added 11 people in London over the past year according to the FCA Register.
Carr may not be the last Deutsche equities professional to leave for Berenberg. The German bank is doubling down on equities under MiFID II and hired 22 researchers in London alone last year. In New York, where Deutsche's equities jobs seem most at risk, Berenberg has 50 people in an office that can accommodate 150, and is expanding.
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