Deutsche Bank's co-head of investment banking says a "war for talent" is getting in the way of his plans to gain market share.
Speaking in New York, Anshu Jain said, "The ability to keep our talent and then to go out and bring people on board to even up that market share is proving to be a greater challenge for all of us." Competitors, he said, "are making a real attempt to reacquire talent."
Bloomberg says Jain is investing some $2 billion in hiring and technology for the global market's unit over the next two years. His goal: to be among the top five in commodities and U.S. cash equities.