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Singapore investment banking fees down 20% year to date, M&A value falls to decade low

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Yong Hui Ting

Yong Hui Ting

Published Mon, Sep 25, 2023 · 11:55 AM
    • Deals this year up to Q3 involving a Singapore target came in at US$10.2 billion, down 70 per cent from the first-nine-month 2022 figure.
    • Deals this year up to Q3 involving a Singapore target came in at US$10.2 billion, down 70 per cent from the first-nine-month 2022 figure. PHOTO: BLOOMBERG

    INVESTMENT banking fees generated in the first three quarters of 2023 amounted to an estimated US$585.2 million, down 20 per cent compared with the first nine months of 2022, based on Refinitiv data released on Monday (Sep 25).

    The amount includes advisory fees from mergers and acquisitions (M&As), which totalled US$183.6 million; this was about a third (32 per cent) lower than the nine-month period the year before.

    The bank that captured the most investment banking fees in the year to date was DBS, which earned US$73.6 million, or 13 per cent of the total fee pool.

    M&ABanksSingapore

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