Deutsche Bank has appointed Dixit Joshi as new head of equities for Europe, the Middle East and Africa (EMEA). The bank expects that the appointment of Mr Joshi will strengthen its market position in cash equities, equity derivatives and prime brokerage business in the region.

Deutsche Bank said that starting in October, Mr Joshi will report to Garth Ritchie, global head of equities, and will be based in London.

Mr Joshi will join from Barclays Capital where he was head of equities for EMEA, establishing and building that business after his appointment to the role in 2008. He joined Barclays Capital in 2003 from Credit Suisse First Boston.

Mr Ritchie said: “Following the financial crisis we created a diversified business focused on liquid client flow trading. We are the market leader across European cash equity, derivatives trading and prime brokerage and Dixit’s experience will be invaluable in building further on our momentum in this business.”