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

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

By Andrew Tjaardstra January 5, 2026

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%.  

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