A year on from the surprise £410m acquisition of the biggest City broker by Deutsche Bank, the newly combined entity has faced challenges
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Fees from IPOs have tumbled by 81%, Numis has cut staff costs by 35%
Numis analysts have questioned whether the £1.5bn being used to buy Interactive Investor should be returned to shareholders
Numis replaces general counsel as Michael Lee heads to Peel Hunt
The City broker is set to launch its post-Brexit Dublin office in 2022 as it also eyes more US deals