Apac (ex Japan) investment banking fees fell 5% in Q1 as ECM fees grew 62%: LSEG

The ECM market performed the strongest in Q1, with Hong Kong leading the way, while Apac (ex Japan) M&A fees fell 47%.

In a mixed start for 2026, an estimated $5.3 billion worth of investment banking fees were generated in Asia Pacific (ex Japan), in the first quarter of 2026 (Q1 2026), down 5% compared to Q1 2025, according to data from the London Stock Exchange Group (LSEG).

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