Apac (ex Japan) investment banking fees grew 19% to $24.9bn in 2025: LSEG

In a positive year for the region's banks, 2025 ECM fees in Apac, ex Japan, were up 45% from 2024, DCM fees saw 11% growth, amid a record year for bonds, while M&A advisory fees climbed 43%.
January 06, 2026

An estimated $24.9 billion worth of investment banking (IB) fees were generated in Asia Pacific (Apac), excluding Japan, in 2025, which was an increase of 19% compared to 2024, according to data from the London Stock Exchange Group (LSEG).

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