Investment Banking

Deutsche loses Bankers Trust-era broking client

Bovis Homes replaces German bank with Numis Securities, adding to the latter's lengthy list of recent broking wins

Deutsche loses Bankers Trust-era broking client
Photo: iStockPhoto

Deutsche Bank has lost a broking client it had held since landing it through the 1999 acquisition of Bankers Trust, with Numis Securities adding the role to its lengthy list of recent broking wins.

Bovis Homes, a FTSE 250 company with a market capitalisation of £1.3 billion that reported record profits in 2015 amid a boom in UK housebuilding, said in a May 23 statement it had appointed Numis Securities as its joint corporate broker alongside its existing adviser Jefferies.

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