Investment Banking

Deutsche Bank set for UK dealmaking push as £410m Numis takeover completes

Deutsche Numis will have 170 corporate clients and 155 dealmakers

Friday 13 October 2023 at 07:25

Will the German lender's UK broking play pay off?
Will the German lender's UK broking play pay off? Photo: Krisztian Bocsi/Getty Images

Deutsche Bank is set to upend the UK investment banking landscape after completing the £410m acquisition of City broker Numis, which will create a team of 155 dealmakers focused on the country.

The German lender has unveiled 'Deutsche Numis', the rebranded combined entity, which seems certain to shake-up the UK investment banking league tables as the City's biggest broker is handed the balance sheet of a bulge bracket bank.