2020 biggest earning year for investment bankers on New Zealand deals
22 Jan, 2021 04:00 PM
10 minutes to read
Bankers raked in nearly half a billion in fees from New Zealand businesses last year through capital raisings, refinancing and merger & acquisition deals, despite the country dropping into recession. Figures from financial research firm Refinitiv show US$348 million ($490m) was paid out in investment banking fees in 2020, up 76 per cent on the prior year and the highest amount paid out in the last 20 years of data supplied.
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The second highest year was 2011, just two years after the Global Financial Crisis hit when New Zealand was in the midst of a local collapse of its property and mezzanine finance industry. That year saw US$255m in fees paid.