Deutsche Numis, which operates as a part of Deutsche Bank Group, will provide advisory services, corporate broking, and Equity Capital Markets (ECM), including IPOs, research, sales and execution services, along with corporate finance capabilities
Deutsche Bank completes acquisition of Numis. (Credit: Alexander Popovkin on Unsplash)
Deutsche Bank has completed its previously announced acquisition of UK-based institutional stockbroker and corporate advisor Numis Corporation, for a total of around £410m.
In May this year, the German investment bank signed an agreement to acquire Numis.
Numis provides strategic advice and capital market connectivity services to 166 retained corporate broking clients, including 64 clients in the FTSE 350.
The acquisition created Deutsche Numis, which operates as a part of Deutsche Bank Group, and reflects the combined strength of both brands in the UK and worldwide.
Deutsche Numis will serve more than 170 corporate broking clients and will continue to deliver complete financial and advisory solutions to existing and new clients.
It will provide advisory services, corporate broking, and Equity Capital Markets (ECM), including IPOs, research, sales and execution services, along with corporate finance capabilities.
Deutsche Bank corporate bank and investment bank head Fabrizio Campelli said: “The combination of Deutsche Bank’s UK and Ireland corporate finance business with Numis is a perfect partnership and we are delighted to bring the teams together under the new brand, Deutsche Numis.
“The transaction is strongly aligned to our Global Hausbank strategy, allowing us to expand our reach amongst UK and international corporates in Europe’s largest investment banking market, and underlines our long-term commitment to the UK.
“We are proud to introduce Deutsche Numis as a leading corporate broker in the UK and we look forward to working with Alex, Ross and the rest of the team.”
The German lender said that Deutsche Numis will advance its ‘Global Hausbank’ strategy to become the first point of contact for clients in financial services and engage deeply with corporates across the UK.
As part of the acquisition, Alex Ham and Ross Mitchinson will be appointed as co-CEOs of Deutsche Numis, reporting to Deutsche Bank EMEA investment banking co-head Henrik Johnsson, who will be appointed as the new Chairman of Deutsche Numis.
Numis’ previous chairman Luke Savage will continue as a member of the Board of Directors and work closely with the leadership team.
Deutsche Numis co-CEO Alex Ham said: “Deutsche Numis is now a leading force in UK investment banking, building on a long track record of providing innovative financial advice and solutions for ambitious public and private companies, and investors doing business in the UK.
Deutsche Numis co-CEO Ross Mitchinson said: “Continuing to deliver for our people and our clients will be at the heart of Deutsche Numis and we are confident that the professionalism, high performance, and client service that has long underpinned both companies will only be further enhanced by this combination.”