Singapore 9-month investment banking fees reach 5-year high of US$693.8 million
M&A fees led expansion, surging 23.7% to US$256 million
Investment banking fees in Singapore surged to a five-year high of US$693.8 million in the first nine months of the year, up 9% year-on-year. M&A advisory fees led the growth, surging 23.7% to US$256 million, as the lion's share of the total fee pool. Equity capital markets underwriting fees increased 11.5% to US$159.8 million, while syndicated lending fees rose 11.3% to US$175.9 million.
Debt capital markets fees fell 24.6% to US$102.3 million. Goldman Sachs led the investment banking fee league table, earning US$86.5 million and securing a 12.5% market share. Local lender DBS ranked second with US$61.1 million, followed by Morgan Stanley with US$55.3 million.
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- Singapore 9-month investment banking fees reach 5-year high of US$693.8 million businesstimes.com.sg
