Deutsche Bank seizes on shaky markets to revive investment bank

"We feel the market is in a down cycle at the moment, but it will come back, as it always does. So the focus is really around being prepared for the market turnaround. That's why we've made these hires," Elalingam said. Deutsche hired ex-Morgan Stanley banker Emma-Jane Newton to lead local investment banking, Street Talk reported last month. Former investment bank head, Hugh McDonald, was named a global vice-chairman. The bank also picked up former Credit Suisse MD Karla Wynne to lead consumer and retail in June, and M & A dealmaker David Geddes in August, among others. Despite the…