Singapore investment banking fees hit US$693.8 million in first nine months of 2026, highest since 2021

In Singapore, investment banking fees reached US$693.8 million in the first nine months of 2026, a 9% increase year-on-year and the highest since 2021, according to LSEG Deals Intelligence. M&A advisory fees led the growth, surging 23.7% to US$256 million. Total M&A deal value involving Singapore nearly doubled to US$104.3 billion, with outbound M&A hitting a record US$46.3 billion. Equity capital markets raised US$7.4 billion, while debt capital markets saw US$37 billion in bond offerings. Goldman Sachs topped the fee league table, and OCBC led as bookrunner in debt markets.