Deutsche Bank has recruited a former Morgan Stanley executive director who left earlier this year to a newly-created global equity structuring role as part of its push to grow its equities business.

Philippe Henry's experience of the structured products sector goes back to his time at Societe Generale in 2002 and also takes in six-year stints at Barclays and Morgan Stanley. He joined Deutsche Bank in early June as global head of equity retail structuring, a bank spokesman confirmed.