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Asia-Pacific Investment Banking Fees Drop 5% in Q1 2026

4/9/2026

45 8 Full Breakdown

Summary

Story summary

In Q1 2026, Asia-Pacific investment banking fees excluding Japan totaled US$5.3 billion, a 5% year-over-year decline.
Citic Securities of China was the top earner, generating US$340.6 million, or 6.4% of the total.
Equity capital markets surged, driven by hi-tech companies that raised US$17.3 billion, with Morgan Stanley leading in ECM.
BofA Securities was the top M&A adviser, overseeing deals worth US$28.38 billion.

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Story summary

In Q1 2026, Asia-Pacific investment banking fees excluding Japan totaled US$5.3 billion, a 5% year-over-year decline.
Citic Securities of China was the top earner, generating US$340.6 million, or 6.4% of the total.
Equity capital markets surged, driven by hi-tech companies that raised US$17.3 billion, with Morgan Stanley leading in ECM.
BofA Securities was the top M&A adviser, overseeing deals worth US$28.38 billion.