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Deutsche Bank has announced it is to close down its Numis US operations, after its takeover of Numis in April last. Following the £410 million (€481.67 million) acquisition, Numis, a London-based stockbroking and corporate advisory group, was renamed Deutsche Numis. However, in February, Deutsche Bank revealed it had reduced Numis’ valuation by about €233 million. This is believed to be one of the driving forces behind the decision to shut down Numis’ US arm, called Numis Securities. Following the closure, around half of Numis Securities’ 12 employees will transfer to Deutsche, mainly at its N…

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