Investment Banking

Inside Deutsche Numis’s plans to dominate UK dealmaking

A year on from the surprise £410m acquisition of the biggest City broker by Deutsche Bank, the newly combined entity has faced challenges

Deutsche Bank’s acquisition of Numis has upped its ambitions for its UK investment bank
Deutsche Bank’s acquisition of Numis has upped its ambitions for its UK investment bank Photo: Mike Kemp/In Pictures via Getty Images

Deutsche Bank’s £410m swoop on City broker Numis last year came with a clear ambition — to become the top UK investment bank

It was already expanding its UK investment banking team to better compete in one of the most fiercely contested markets in the world. But taking over Numis tripled Deutsche’s City investment banking unit to 150 dealmakers and added 170 corporate clients at the stroke of a pen. 

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