Singapore’s investment banking fees decline on fewer M&As

Banks also recorded lower DCM fees compared to the first nine months of 2022.

Banks in Singapore generated an estimated US$585.2m worth of investment banking fees in the first nine months of 2023, 20% lower compared to the same period in 2022, according to latest data from Refinitiv.

Advisory fees from completed mergers and acquisitions (M&As) notably fell by 32%, to just US$183.6m.

Equity capital markets (ECM) underwriting fees total US$122.9m, 7% more than the value recorded during the first nine months of 2022.

ALSO READ: Tech and transformation take center stage at the ABF Summit 2023

Debt capital markets (DCM) fees fell 35% to US$69.7m.

Syndicated lending fees declined 13% to US$209.1m so far during the first nine months of 2023.

Amongst banks, DBS is currently leading in Singapore’s investment banking fee league table so far, with a total of US$73.6m in fees. This is 13% of the total fee pool, Refinitiv said.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia