Deutsche Bank hires former Goldman Sachs and Bank of America executives to expand its emerging markets business.

Informed sources revealed that Deutsche Bank is currently recruiting former sales executives from Goldman Sachs Group and Bank of America to expand the bank's influence in emerging markets. Former Goldman Sachs executive Joseph Puerner, who was responsible for international sales in emerging markets, and Chris Pavacic, who recently handled fixed income sales in developing countries at Bank of America, will be joining the bank.