Deutsche Bank to Acquire Numis

Deutsche Bank has agreed to acquire institutional broker Numis for £410 million, according to a story in The Trade news. The deal will throw Deutsche Bank back into the fore of European equities after it moved to exit the market by signing over its electronic equities business to BNP Paribas alongside its prime brokerage business in 2019. The bank has been evaluating how to accelerate the growth of its UK business after identifying it as the largest investment banking market in Europe, documents outlined, adding that the combination of the pair’s businesses across corporate broking, strategic advisory, equity and debt capital markets, and equity sales, research and execution should allow them to “unlock significant value” within their franchises.