, APAC
111 views
Graph by LSEG Data & Analytics.

APAC ex Japan investment banking fees in Q1 falls to lowest level in 8 years

Equity capital market fees were halved, whilst debt capital market fees were static.

Investment banking activity in Asia Pacific is not off to a good start this 2024, with the region generating its lowest level of investment banking fees for a first quarter period since 2016.

An estimated $4.4b in investment banking fees were generated in APAC excluding Japan in Q1, down 29% compared to the same period last year, according to data from London Stock Exchange Group (LSEG) Data & Analytics.

ALSO READ: Chart of the Week: Singapore investment banking fees down 14% in Q1

The near-stagnant growth of debt capital market (DCM) fees and lower equity capital market (ECM) underwriting fees contributed to the decline.

ECM fees were halved to only $688.4m in Q1, 57% lower than a year ago. This is also the lowest period since 2013, LSEG Data & Analytics said.

DCM fees saw a marginal 1% growth from a year ago to $2.8b.

Syndicated lending fees are 46% lower from last year, at $523.6m.

There were also fewer M&A transactions so far, with estimated advisory fees from such falling 54% to $353.1m compared to a year ago.

ALSO READ: Japanese banks ‘less reluctant’ to finance hostile takeovers: report

Amongst banks, CITIC took the top position for overall investment banking fees in Asia Pacific, excluding Japan, with a total of $245.9m, accounting for 5.6% wallet share of the total APAC investment banking (IB) pool.

Globally, Asia Pacific ex. Japan fees accounted for 16% of the total fees in Q1, whilst European IB fees accounted for 25%.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!