Senior bankers who attended the annual Financial News investment banking dinner expect market volatility and a busy M&A sector to shape 2016, a year that could also reveal the winners from the industry’s strategic shake-up.

Those who gave their views on the outlook for investment banking at the November 16 event included Jim Esposito, the London-based co-head of the global financing group at Goldman Sachs, and Manolo Falco, the head of corporate and investment banking for Emea at Citigroup.