REG - Deutsche Bank AG Numis Corporation - Deutsche Bank Completes Acquisition of Numis

NumisAnnouncement

13/10/2023 07:30

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RNS Number : 9974P  Deutsche Bank AG  13 October 2023

For immediate release

 

Deutsche Bank Completes Acquisition of Numis

 

Combined business will be known as 'Deutsche Numis' - a leading force in UK
investment banking

 

FRANKFURT & LONDON - 13 October, 2023 - Deutsche Bank AG today announces
that it has completed its acquisition of Numis Corporation Plc. Reflecting the
combined strength and reputations of both brands in the UK and
internationally, together they are pleased to introduce 'Deutsche Numis', a
leading force in UK investment banking and the adviser of choice for UK listed
companies.

 

The transaction accelerates Deutsche Bank's Global Hausbank strategy to become
the first point of contact for clients in financial services and will 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 comprehensive
financial and advisory solutions to support their ambitions.

 

Deutsche Numis will assume a leading position across advisory services,
corporate broking, and ECM - including IPOs, research, sales and execution. As
part of the 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:

"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."

 

Alex Ham, Co-CEO of Deutsche Numis 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. We are delighted to now be
part of the wider Deutsche Bank Group and are looking forward to working
together with our new colleagues across all our businesses."

 

Ross Mitchinson, Co-CEO of Deutsche Numis 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. 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."

 

More information regarding the transaction can be found at
https://investor-relations.db.com/
(https://investor-relations.db.com/reports-and-events/offer) .

 

Media Contacts

 

Deutsche Bank Communications

Victoria Garrod

Charlie Olivier

+‍44 20 7547 2409

 

Deutsche Numis Communications

Noreen Biddle Shah

+44 7711 356 978

 

FGS Global (PR Adviser to Deutsche Bank)
 

James Murgatroyd

Charlie Chichester

Rory King

+44 20 7251 3801

 

FTI Consulting (PR Adviser to Deutsche Numis)

Edward Bridges

Daisy Hall

Ambrose Fullalove

+44 20 3727 1000

 

Disclaimers

Important notice

This announcement is for information purposes only and is not intended to, and
does not, constitute or form part of any offer to sell or subscribe for or any
invitation to purchase or subscribe for any securities or the solicitation of
any vote or approval in any jurisdiction pursuant to the transaction
referenced in this announcement or otherwise.

Notice relating to Deutsche Bank

Deutsche Bank AG is a joint stock corporation incorporated with limited
liability in the Federal Republic of Germany, with its head office in
Frankfurt am Main where it is registered in the Commercial Register of the
District Court under number HRB 30 000. Deutsche Bank AG is authorised under
German banking law. The London branch of Deutsche Bank AG is registered in the
register of companies for England and Wales (registration number BR000005)
with its registered address and principal place of business at Winchester
House, 1 Great Winchester Street, London EC2N 2DB. Deutsche Bank AG is
authorised and regulated by the European Central Bank and the German Federal
Financial Supervisory Authority (BaFin). With respect to activities undertaken
in the United Kingdom, Deutsche Bank AG is authorised by the Prudential
Regulation Authority.  It is subject to regulation by the Financial Conduct
Authority and limited regulation by the Prudential Regulation Authority.
Details about the extent of Deutsche Bank AG's authorisation and regulation by
the Prudential Regulation Authority are available from Deutsche Bank AG on
request.

Notice relating to Deutsche Numis

Deutsche Numis is the trading name to be used by Deutsche Bank AG, Numis
Securities Limited and Numis Europe Limited for the combined UK and Ireland
Corporate Finance business.

Cautionary note regarding forward-looking statements

This announcement (including information incorporated by reference into this
announcement) may contain certain forward-looking statements with respect to
the financial condition, strategies, objectives, results of operations and
businesses of Deutsche Bank AG ("Deutsche Bank") and its subsidiaries and
subsidiary undertakings (together the "Deutsche Bank Group") and Numis
Corporation Plc ("Numis") and its subsidiaries and subsidiary undertakings
(together the "Numis Group").

All statements other than statements of historical fact are, or may be deemed
to be, forward-looking statements.  Forward-looking statements are statements
of future expectations that are based on management's current expectations and
assumptions and involve known and unknown risks and uncertainties that could
cause actual results, performance or events to differ materially from those
expressed or implied in these statements. Forward-looking statements include,
among other things, statements concerning the potential exposure of Deutsche
Bank and the Deutsche Bank Group and Numis and the Numis Group to market
risks, statements as to accretion and statements expressing management's
expectations, beliefs, estimates, forecasts, projections and assumptions,
including as to future potential cost savings, synergies, earnings, cash flow,
return on capital employed, production and prospects.  These forward-looking
statements are identified by their use of terms and phrases such as "aims",
"anticipate", "believe", "could", "estimate", "expect", "goals", "hopes",
"intend", "may", "objectives", "outlook", "plan", "probably", "project",
"risks", "seek", "should", "target", "will", "would" and similar terms and
phrases.

By their very nature, forward-looking statements involve risks and
uncertainties.  There are a number of factors that could affect the future
operations of Deutsche Bank and the Deutsche Bank Group and Numis and the
Numis Group and could cause those results to differ materially from those
expressed in the forward-looking statements included in this announcement.
Such factors include the conditions in the financial markets in Germany, in
Europe, in the United States and elsewhere from which the Deutsche Bank Group
and/or the Numis Group derives a substantial portion of its revenues and in
which the Deutsche Bank Group and/or the Numis Group holds a substantial
portion of its assets, the development of asset prices and market volatility,
potential defaults of borrowers or trading counterparties, the implementation
of Deutsche Bank's and/or Numis' strategic initiatives, the reliability of
Deutsche Bank's and/or Numis' risk management policies, procedures and
methods, and other risks referenced in Deutsche Bank's and/or Numis' filings
with the U.S. Securities and Exchange Commission.  Such factors are described
in detail in Deutsche Bank's SEC Form 20-F of 17 March 2023 under the heading
"Risk Factors" (available at https://investor-relations.db.com/
(https://investor-relations.db.com/) ). These factors also should be
considered by the reader.

No profit forecasts or estimates

No statement in this announcement is intended as a profit forecast or estimate
for any period and no statement in this announcement should be interpreted to
mean that earnings or earnings per share for Deutsche Bank for the current or
future financial years would necessarily match or exceed the historical
published earnings or earnings per share for Deutsche Bank.

 

 

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