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Deutsche Bank finalises its acquisition of Numis by naming co-CEOs

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Deutsche Bank has completed its acquisition of Numis Corporation, which will now trade under the moniker Deutsche Numis. The transaction is part of Deutsche Bank’s Global Hausbank strategy to become the first point of contact for clients in financial services, and is intended to unlock a deeper engagement with corporates across the UK.

Deutsche Numis will serve more than 170 corporate broking clients and will continue to broaden its relationships with existing and new clients by delivering financial and advisory solutions to support their ambitions.

The move by Deutsche, which represents a bullish vote of confidence in London’s financial services sector, was first flagged up in April. Numis was coming off a dry 12 months in terms of deal flow. Founded in 1989, Numis was still considered a prize asset for Deutsche, thanks to its extensive client base.

Timing is everything, and Deutsche’s move to buy Numis catches this prime asset at a time when its valuation was likely as low as it was going to get.

The new look Deutsche Numis

Deutsche Numis will competing across advisory services, corporate broking, and ECM – including IPOs, research, sales and execution. As part of Deutsche Bank Group, Deutsche Numis will also be able to offer broader corporate finance capabilities as well as access to a broad international network.

Alex Ham and Ross Mitchinson will become Co-CEOs of Deutsche Numis, reporting to Henrik Johnsson, Co-Head of EMEA Investment Banking at Deutsche Bank and the new Chairman of Deutsche Numis. Luke Savage, former Chairman of Numis, will continue to sit on the board and work closely with the leadership team.


Fabrizio Campelli, Head of Corporate Bank and Investment Bank at Deutsche Bank said that the combination of Deutsche Bank’s UK and Ireland corporate finance business with Numis is a perfect partnership:

“We are delighted to bring the teams together under the new brand, Deutsche Numis,” he said. “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.”

Deutsche Numis says it will be seeking to be a leading force in UK investment banking, building on a long track record of providing financial advice and solutions for public and private companies, and investors doing business in the UK.

“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,” said Mitchinson, Co-CEO of Deutsche Numis. “We look forward to continuing to build our position in UK investment banking, enhanced by the scale and strength of Deutsche Bank, including the ability to draw on a global industry capability and a broader array of financing solutions.”

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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