(5 October 2005 – Australia) Deutsche Bank is set to take a 19.9 percent stake in Australian investment advisory group, Wilson HTM, whose shareholders have approved the deal.The new arrangement will give Deutsche a greater presence in the retail equities market in Australia while giving clients of Wilson HTM access to Deutsche’s equity and structured product expertise.
The relationship will focus on providing middle market companies with corporate finance services with this part of the business run and managed by Wilson HTM.
Deutsche chief executive Chum Darvall said the relationship with Wilson HTM would allow the bank to expand further into the equity capital markets and mergers and acquisitions businesses in the middle market.
“This alliance will support emerging Australian corporations. Deutsche Bank and Wilson HTM will be able to provide the services to seamlessly guide companies through their entire growth path from micro cap to large cap,” he said.
Wilson HTM managing director Neil Schafer said forging an alliance with a global investment banking powerhouse would add to the company’s corporate finance capabilities and support the next phase in its development.
“The combined strength of both groups’ advisory and equity capital markets skills will create a unique capability in the Australian investment banking market,” he said.