FRANKFURT (Reuters) – Deutsche Financial institution (DE:)’s merger and acquisition advisory enterprise in america has been “extraordinarily robust” within the fourth quarter, a financial institution government mentioned on Wednesday, including that he was optimistic for 2022.

As soon as Deutsche’s drawback youngster, the funding financial institution is the lender’s greatest income generator, benefiting from a pandemic-induced buying and selling increase and a wave of dealmaking that has lifted banks throughout Wall Avenue.

“At this level, we’re persevering with to see the identical power and volumes flowing into subsequent 12 months,” Drew Goldman, Head of Funding Financial institution Protection & Advisory, advised journalists.

Dangers to the outlook embrace potential aggression from Russia and the U.S. Federal Reserve’s response to inflation, he mentioned.

Deutsche’s funding division has helped the lender to show course and publish 5 consecutive quarters of revenue, its longest streak within the black in practically a decade.

The lender’s income from origination and advisory actions was up 22% through the first 9 months of this 12 months in contrast with the identical interval in 2020.

As revenues have risen, Deutsche has begun focused hiring, even because it tries to pare international headcount by 18,000 individuals.