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Deutsche Bank Stock-Trading Head Says He's Playing Moneyball

Donal Griffin, Sonali Basak, Steven Arons
Deutsche Bank Stock-Trading Head Says He's Playing Moneyball

Deutsche Bank AG’s global head of equities is seeking inspiration from a legendary baseball team as he looks to overturn a three-year rout of the business with a shrinking budget. It’s more of a Moneyball approach to bringing people in, and it’s working,” Peter Selman said in an interview at Deutsche Bank’s U.S. headquarters in New York, referring to the technique of building a winning team of underrated players rather than stars. Selman, a former Goldman Sachs Group Inc. partner, came out of retirement last year to revive Deutsche Bank’s flagging equities business, which has reported year-over-year declines in revenue for 12 straight quarters.