Deutsche Bank’s £410m acquisition of City broker Numis threatens to upend the pecking order in UK investment banking, as the German lender aggressively bolsters its dealmaking team following a three-year pullback.
On April 28, Deutsche DB XE:DBK gained 170 UK corporate clients and boosted its deals team from around 35 people to 155 investment bankers in one fell swoop. The combined powerhouse will be housed in Numis’s UK:NUM London headquarters on Gresham Street.
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