Germany’s Deutsche Bank has completed the acquisition of London-based boutique investment bank Numis.

The deal was initially announced in April, with Deutsche Bank agreeing to buy Numis for £410 million.

The combined business will be called Deutsche Numis, with the company saying that it will "assume a leading position across advisory services, corporate broking, and ECM – including IPOs, research, sales and execution."

Alex Ham and Ross Mitchinson will become co-chief execs 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, the company said.

The new company will serve more than 170 corporate broking clients, and provide advisor, corporate broking and equity capital markets services.

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.”

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