Singapore investment banking fees drop 15.6% to US$221.3m in Q1
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FEES generated from investment banking activities in Singapore fell 15.6 per cent to US$221.3 million in the year so far, compared with the first quarter of 2021. This comes amid a decline in fees garnered from the debt capital markets (DCM), syndicated lending and advising on completed M&A (mergers and acquisitions) transactions. Meanwhile, fees generated from equity capital markets (ECM) underwriting rose.
According to preliminary data from Refinitiv released on Friday (Mar 25), BofA Securities is currently in the lead when it comes to Singapore investment banking fees with a total of US$33.3 million or a 15.1 per cent wallet share of the total fee pool.
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