How Deutsche Bank wants to upend the City pecking order with its Numis deal

Investment Banking

Deutsche Bank is bolstering its M&A team and making a major push to dislodge UK rivals

'We are now in a position to think about how we grow and become more relevant' Photo: Getty Images

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 28 April, Deutsche 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 London headquarters on Gresham Street.

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