Deutsche Bank completes takeover of UK broker Numis
13/10/2023 08:15
LONDON, Oct 13 (Reuters) - Deutsche Bank DBKGn.DE has
completed its takeover of Numis NUM.L , a London-based boutique
investment bank, expanding its links with UK corporate clients,
the German bank said on Friday.
The combined business, Deutsche Numis, will oversee more
than 170 corporate broking relationships and provide advisor,
corporate broking, and equity capital markets services, the bank
said.
Alex Ham and Ross Mitchinson become co-CEOs of the enlarged
business, the bank confirmed.
Fabrizio Campelli, who oversees Deutsche's investment bank,
said the deal would expand the bank's reach into Europe's
largest investment banking market.
Deutsche Bank announced in April it had agreed to buy Numis
for 410 million pounds ($500 million).
($1 = 0.8201 pounds)
(Reporting by Amy-Jo Crowley, Editing by Iain Withers)
((Amy-Jo.Crowley@thomsonreuters.com;))