Bank of America Merrill Lynch has hired a trio of equity strategists from Deutsche Bank, the latest departures from a division at the German lender earmarked for big cuts.

Sebastian Raedler, who joined Deutsche Bank from Morgan Stanley in 2015, has been hired as head of equity strategy for Europe to lead a new team. He will oversee three people, including Thomas Pearce and Andreas Bruckner, who also join from the German bank, according to their LinkedIn profiles.