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Singapore investment banking fees decline 15.6% to US$221.3 mil in 1Q2022: Refinitiv

Felicia Tan
Felicia Tan3/24/2022 06:08 PM GMT+08  • 3 min read
Singapore investment banking fees decline 15.6% to US$221.3 mil in 1Q2022: Refinitiv
During the 1Q2022, M&A activities in Singapore increased by 13.0% y-o-y to US$28.6 billion.
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Investment banking activities in Singapore saw fees decline 15.6% y-o-y to US$221.3 million ($300.4 million) in the first quarter of 2022, with BofA Securities leading contributions.

According to data collated by Refinitiv, the bank clinched a total of US$33.3 million, or a 15.1% wallet share of the total fee pool. This was followed by JP Morgan with a 9.2% wallet share.

During the quarter, advisory fees for mergers and acquisitions (M&A) that were completed during the period fell 26.8% y-o-y to US$78.2 million.

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