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Deutsche Bank's U.K. deal may upend London investment-bank pecking order

Financial News Published: May 9, 2023 at 3:36 a.m. ET (FILES) In this file photo taken on February 07, 2023 the headquarters of German bank Deutsche Bank with its logo are pictured in Frankfurt am Main, western Germany. daniel roland/Agence France-Presse/Getty Images Deutsche Bank’s £410m acquisition of City broker Numis threatens to upend the pecking

deutsche-bank's-uk.-deal-may-upend-london-investment-bank-pecking-order

Financial News

(FILES) In this file photo taken on February 07, 2023 the headquarters of German bank Deutsche Bank with its logo are pictured in Frankfurt am Main, western Germany.

daniel roland/Agence France-Presse/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 April 28, Deutsche DB XE:DBK 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 UK:NUM London headquarters on Gresham Street.

Deutsche…

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