Investment bank Liberum reports sparkling results on record year

 
David Hellier
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Liberum raised a total of £1.8bn for investment banking clients
Liberum, the employee-owned investment bank, has enjoyed a record year, with profits after bonuses of £8.2m (£0.7m the previous year) from revenues of £55m.

The bank, which lost its popular chief executive Simon Stilwell earlier this year, raised a total of £1.8bn for investment banking clients.

Chairman and new chief executive Shane Le Prevost said: “I would like to thank Simon Stilwell for his dedication to Liberum and his contribution to these results.” There will still be a Stilwell at the firm, though, as the former chief executive’s wife, Katherine Burgdorf, is returning to work after being on maternity leave.

Liberum’s high-profile fund-raisings included the float of P2P Global Investments, which has a market capitalisation of around £500m.

The firm had an average number of employees of 162 during 2014, up from 151 the previous year.

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