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Deutsche Numis targets UK top spot after £410m tie-up

Deutsche Bank has lofty ambitions in the UK after its acquisition of City broker Numis

By Paul Clarke
'The combined business should mean we have the platform to compete with the biggest US banks and we expect to win'
'The combined business should mean we have the platform to compete with the biggest US banks and we expect to win' Photo: Jason Alden/Bloomberg

Deutsche Bank is aiming to become the top investment bank in the UK after the German lender made a major City dealmaking push with its £410m acquisition of Numis in October.

The newly-combined Deutsche Numis business should be pushing Wall Street and European rivals alike for the top spots in the UK league tables — the biggest fee pool in Europe — executives told Financial News.

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