Deutsche Bank Stock-Trading Head Says He's Playing Moneyball
- Bank named Kurtzman, Wilson equity trading co-heads on Friday
- Their boss said he’s using a baseball strategy to build team
This article is for subscribers only.
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.
“We’re more like the Oakland A’s than the Yankees. 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.