APAC investment banking fees jumped 19% YoY in 2025

The region accounted for 18% of global investment banking fees during the year.

Investment banking fees in Asia Pacific excluding Japan rose 19% in 2025 to an estimated $24.9b, according to the London Stock Exchange Group (LSEG) Deals Intelligence Asia Pacific ex Japan Investment Banking Review Full Year Report 2025. 

The region accounted for 18% of global investment banking fees during the year. By comparison, the Americas contributed 55% of total global fees, while Europe accounted for 21%.

Equity capital markets underwriting fees reached $5.4b, up 45% from a year earlier and the highest annual level since 2023. Debt capital markets fees increased 11% year on year to $13.5b. 

Syndicated lending fees were flat at $2.5b. Advisory fees from completed mergers and acquisitions totalled $3.5b, representing a 43% increase compared with last year.

CITIC ranked first for overall investment banking fees in Asia Pacific excluding Japan, generating $1.45b in fees. 

This represented a 5.8% share of the region’s total investment banking fee pool.