JP Morgan topped the investment banking fees table for 2019 but had homegrown favourite Standard Bank hot on its heels as Sub-Saharan Africa enjoyed one of its best years since the turn of the century.

“It was a positive year in the end which was surprising given that developments up until the last quarter did not indicate as much. Investment banking fees were up 3% on 2018, and have only been surpassed twice in the last nineteen years,” says Franita Neuville, investment and advisory performance director for Middle East and Africa, at Refinitiv.

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