Deutsche Bank has hired 11 staff for its equity sales division, a month after appointing a new head. Jim Turley replaced Brian Reid as head of the institutional client group and plans to develop the equity business next year.

Jean-Jacques Legendre has joined Deutsche from Morgan Stanley as co-head of equity sales for France, Belgium and Luxembourg. He will work alongside Antoine Dupuy and report to Jason Good, European head of institutional client group for equities. Five directors have been hired: Leslye Jourdan joins from Dresdner Kleinwort, Chris Krieg from Citigroup, Martin Schuette from Merrill Lynch, Max Von Doetchinem from JP Morgan Cazenove and Daniel Muller from UBS Switzerland. The bank has also hired five vice-presidents: Peter Smart and Fabrizio Wittenburg join from UBS and JP Morgan, respectively. Kenneth Price joins from Beerenberg in Zurich, Daniel Baur from Schroder Investment Management in Zurich and Markus Loll from Crédit Agricole.