The head of Berenberg’s UK business said the German bank's investment banking arm had “a strong year across the board” in 2015 as its revenues rose by 50% and it handled a record number of equity capital markets transactions.

Group profits surged 160% from the previous year to a record €104 million, on revenues that rose 37% to €423 million, according to its full-year results announced on January 20. Although the 425-year-old bank does not break out individual results for its divisions - it has investment banking, private banking, corporate banking and asset management businesses - it said that revenues from investment banking grew by 50%.