Singapore Investment Banking Fees Reach Five-Year High as M&A Surges

Singapore investment banking fees increased 9% to USD693.8m during the first nine months of 2026, reaching their highest level for the period since 2021 as stronger mergers and acquisitions activity boosted advisory revenues.

Singapore generated 69.3% of Southeast Asia’s investment banking fee pool, according to LSEG Deals Intelligence.

M&A advisory fees increased 23.7% to USD256m, while equity capital markets underwriting revenue rose 11.5% to USD159.8m.

Syndicated lending fees increased 11.3% to USD175.9m, although debt capital markets fees declined 24.6% to USD102.3m.

The value of M&A transactions involving Singapore almost doubled to USD104.3bn. Outbound deals reached a record USD46.3bn, more than three times the 2025 level.

Technology accounted for 45.8% of overall M&A value, highlighting continued investor appetite for the sector and helping reinforce Singapore’s position as a major Southeast Asian dealmaking centre.