Bonus hike of 30-50% for investment bankers likely amid record M&A activity in Singapore

INVESTMENT bankers are lining up to collect their meatiest year-end bonuses in a while as dealmaking activity in Singapore soared to a record high last year, with the trend expected to continue into 2022.

Erman Tan, former president of the Singapore Human Resources Institute, guided for a 30 to 50 per cent year-on-year bonus bump on higher investment banking fees.

"The banks are not just paying their bankers to reward them, but to keep them...to retain talent," he told The Business Times (BT).