Deutsche Bank (DB) is looking to expand its operations in the emerging markets and is building teams by hiring former sales executives from Goldman Sachs (GS) and Bank of America (BAC), Bloomberg reported Wednesday, quoting people familiar with the development.

Joseph Puerner, who previously worked for Goldman Sachs focused on sales in the emerging markets, and Chris Pavacic, who recently worked for Bank of America and was in charge of developing-nation fixed-income sales, are expected to be joining Deutsche Bank shortly, the report said.

Deutsche Bank did not immediately reply to MT Newswires' request for comment.