While advisory fees from completed merger and acquisitions (M&A) transactions dropped 27% y-o-y to US$163.1 million, syndicated lending conversely grew 40%, to a total of US$282.5 million.
A report by the London Stock Exchange Group (LSEG) titled ‘Singapore’s investment banking review’ for 2024 has painted a colourful picture for the nation’s investment banking sector.
In the year, fees surged to an estimated US$660.6 million ($823.1 million), an impressive 14% rise compared to the previous year. This growth was fuelled by a diverse array of activities. Equity capital markets contributed US$108.7 million, a 42% increase, matched by a similar surge in debt capital markets fees, which also climbed 42% to US$106.4 million.
