Deutsche Bank's equities head takes 'Moneyball' route to build dream team

Moneyball is a reference to Michael Lewis's book chronicling how the Oakland Athletics used quantitative analysis to find underrated players

Deutsche Bank’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 US headquarters in New York, referring to the technique of building a winning team of underrated players rather than stars.

Selman, a former Goldman Sachs Group Inc. partner, came out of retirement last year to revive Deutsche Bank’s flagging equities business, which