The chief executive of Blackstone has told Financial News in an exclusive interview that the world’s biggest private equity firm remains committed to the UK despite the political turmoil associated with Brexit.

Stephen Schwarzman, the co-founder of the $545bn buyout company, said the firm would increase its workforce in the UK by as much as 10% over the next 12 months, pledging to expand Blackstone’s operations in London. The company employs 350 people in the capital.