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Deutsche drafts in five to reinforce Russian team

Deutsche Bank has continued its fightback in the Russian investment banking talent war by hiring five bankers from rivals to strengthen its sales, trading and structuring teams in Moscow.

The German bank, which has suffered a string of staff defections to Russia’s VTB in recent months, has reacted by promoting and transferring staff as well as recruiting analysts and bankers from US and European rivals in Moscow, and the latest hires include a trio of former Merrill Lynch staff.

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