Corporate finance advisory firm Fenchurch Advisory Partners has announced record results for the last year, with a 15% increase in revenues to £17.3m.

As demand for specialist M&A advice from financial services sector clients mounts, the firm has won several key mandates from AXA, Legal & General, Lloyds Banking Group and Just Retirement.

The firm attributes the growth to major financial institutions looking to perform increasingly complex acquisitions as the industry consolidates in the face of a rapidly changing regulatory environment.

Fenchurch has sought to reinforce this success with several strategic promotions, with four staff appointed as senior managing directors.

Graham Marchant, Vincent Bounie, Duncan Buck and Chris Deville have been appointed in order to reinforce the firm’s position “as a leading, owner-managed, corporate advisory firm focussed exclusively on the financial services sector,” according to Malik Karim, founder and executive chairman.

Karim, who recently took over as executive chairman from Cliff Hampton as the latter retires to a senior adviser position, said: “Fenchurch continues to demonstrate excellent momentum and we remain extremely well positioned to sustain this in the near and medium term.”