TIDM0H7D TIDMNUM
RNS Number : 9974P
Deutsche Bank AG
13 October 2023
For immediate release
Deutsche Bank Completes Acquisition of Numis
Combined business will be known as 'Deutsche Numis' - a leading
force in UK investment banking
FRANKFURT & LONDON - 13 October, 2023 - Deutsche Bank AG
today announces that it has completed its acquisition of Numis
Corporation Plc. Reflecting the combined strength and reputations
of both brands in the UK and internationally, together they are
pleased to introduce 'Deutsche Numis', a leading force in UK
investment banking and the adviser of choice for UK listed
companies .
The transaction accelerates Deutsche Bank's Global Hausbank
strategy to become the first point of contact for clients in
financial services and will unlock a deeper engagement with
corporates across the UK. Deutsche Numis will serve more than 170
corporate broking clients and will continue to broaden its
relationships with existing and new clients by delivering
comprehensive financial and advisory solutions to support their
ambitions.
Deutsche Numis will assume a leading position across advisory
services, corporate broking, and ECM - including IPOs, research,
sales and execution. As part of the Deutsche Bank Group, Deutsche
Numis will also be able to offer broader corporate finance
capabilities as well as access to a broad international
network.
Alex Ham and Ross Mitchinson will become Co-CEOs of Deutsche
Numis, reporting to Henrik Johnsson, Co-Head of EMEA Investment
Banking at Deutsche Bank and the new Chairman of Deutsche Numis.
Luke Savage, former Chairman of Numis, will continue to sit on the
Board and work closely with the leadership team.
Fabrizio Campelli, Head of Corporate Bank and Investment Bank at
Deutsche Bank said:
" The combination of Deutsche Bank's UK and Ireland corporate
finance business with Numis is a perfect partnership and we are
delighted to bring the teams together under the new brand, Deutsche
Numis. The transaction is strongly aligned to our Global Hausbank
strategy, allowing us to expand our reach amongst UK and
international corporates in Europe's largest investment banking
market, and underlines our long-term commitment to the UK. We are
proud to introduce Deutsche Numis as a leading corporate broker in
the UK and we look forward to working with Alex, Ross and the rest
of the team."
Alex Ham, Co-CEO of Deutsche Numis said, "Deutsche Numis is now
a leading force in UK investment banking, building on a long track
record of providing innovative financial advice and solutions for
ambitious public and private companies, and investors doing
business in the UK. We are delighted to now be part of the wider
Deutsche Bank Group and are looking forward to working together
with our new colleagues across all our businesses."
Ross Mitchinson, Co-CEO of Deutsche Numis said, "Continuing to
deliver for our people and our clients will be at the heart of
Deutsche Numis and we are confident that the professionalism, high
performance, and client service that has long underpinned both
companies will only be further enhanced by this combination. We
look forward to continuing to build our position in UK investment
banking, enhanced by the scale and strength of Deutsche Bank,
including the ability to draw on a global industry capability and a
broader array of financing solutions."
More information regarding the transaction can be found at
https://investor-relations.db.com/ .
Media Contacts
Deutsche Bank Communications
Victoria Garrod
Charlie Olivier
+ 44 20 7547 2409
Deutsche Numis Communications
Noreen Biddle Shah
+44 7711 356 978
FGS Global (PR Adviser to Deutsche Bank)
James Murgatroyd
Charlie Chichester
Rory King
+44 20 7251 3801
FTI Consulting (PR Adviser to Deutsche Numis)
Edward Bridges
Daisy Hall
Ambrose Fullalove
+44 20 3727 1000
Disclaimers
Important notice
This announcement is for information purposes only and is not
intended to, and does not, constitute or form part of any offer to
sell or subscribe for or any invitation to purchase or subscribe
for any securities or the solicitation of any vote or approval in
any jurisdiction pursuant to the transaction referenced in this
announcement or otherwise.
Notice relating to Deutsche Bank
Deutsche Bank AG is a joint stock corporation incorporated with
limited liability in the Federal Republic of Germany, with its head
office in Frankfurt am Main where it is registered in the
Commercial Register of the District Court under number HRB 30 000.
Deutsche Bank AG is authorised under German banking law. The London
branch of Deutsche Bank AG is registered in the register of
companies for England and Wales (registration number BR000005) with
its registered address and principal place of business at
Winchester House, 1 Great Winchester Street, London EC2N 2DB.
Deutsche Bank AG is authorised and regulated by the European
Central Bank and the German Federal Financial Supervisory Authority
(BaFin). With respect to activities undertaken in the United
Kingdom, Deutsche Bank AG is authorised by the Prudential
Regulation Authority. It is subject to regulation by the Financial
Conduct Authority and limited regulation by the Prudential
Regulation Authority. Details about the extent of Deutsche Bank
AG's authorisation and regulation by the Prudential Regulation
Authority are available from Deutsche Bank AG on request.
Notice relating to Deutsche Numis
Deutsche Numis is the trading name to be used by Deutsche Bank
AG, Numis Securities Limited and Numis Europe Limited for the
combined UK and Ireland Corporate Finance business.
Cautionary note regarding forward-looking statements
This announcement (including information incorporated by
reference into this announcement) may contain certain
forward-looking statements with respect to the financial condition,
strategies, objectives, results of operations and businesses of
Deutsche Bank AG ("Deutsche Bank") and its subsidiaries and
subsidiary undertakings (together the "Deutsche Bank Group") and
Numis Corporation Plc ("Numis") and its subsidiaries and subsidiary
undertakings (together the "Numis Group").
All statements other than statements of historical fact are, or
may be deemed to be, forward-looking statements. Forward-looking
statements are statements of future expectations that are based on
management's current expectations and assumptions and involve known
and unknown risks and uncertainties that could cause actual
results, performance or events to differ materially from those
expressed or implied in these statements. Forward-looking
statements include, among other things, statements concerning the
potential exposure of Deutsche Bank and the Deutsche Bank Group and
Numis and the Numis Group to market risks, statements as to
accretion and statements expressing management's expectations,
beliefs, estimates, forecasts, projections and assumptions,
including as to future potential cost savings, synergies, earnings,
cash flow, return on capital employed, production and prospects.
These forward-looking statements are identified by their use of
terms and phrases such as "aims", "anticipate", "believe", "could",
"estimate", "expect", "goals", "hopes", "intend", "may",
"objectives", "outlook", "plan", "probably", "project", "risks",
"seek", "should", "target", "will", "would" and similar terms and
phrases.
By their very nature, forward-looking statements involve risks
and uncertainties. There are a number of factors that could affect
the future operations of Deutsche Bank and the Deutsche Bank Group
and Numis and the Numis Group and could cause those results to
differ materially from those expressed in the forward-looking
statements included in this announcement. Such factors include the
conditions in the financial markets in Germany, in Europe, in the
United States and elsewhere from which the Deutsche Bank Group
and/or the Numis Group derives a substantial portion of its
revenues and in which the Deutsche Bank Group and/or the Numis
Group holds a substantial portion of its assets, the development of
asset prices and market volatility, potential defaults of borrowers
or trading counterparties, the implementation of Deutsche Bank's
and/or Numis' strategic initiatives, the reliability of Deutsche
Bank's and/or Numis' risk management policies, procedures and
methods, and other risks referenced in Deutsche Bank's and/or
Numis' filings with the U.S. Securities and Exchange Commission.
Such factors are described in detail in Deutsche Bank's SEC Form
20-F of 17 March 2023 under the heading "Risk Factors" (available
at https://investor-relations.db.com/ ). These factors also should
be considered by the reader.
No profit forecasts or estimates
No statement in this announcement is intended as a profit
forecast or estimate for any period and no statement in this
announcement should be interpreted to mean that earnings or
earnings per share for Deutsche Bank for the current or future
financial years would necessarily match or exceed the historical
published earnings or earnings per share for Deutsche Bank.
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END
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