Goldman Sachs and UBS were the top mergers and acquisitions (M&A) financial advisers in the Asia-Pacific (APAC) region during the first three quarters (Q1-Q3) of 2025 by value and volume, respectively, according to the latest financial advisers league table by GlobalData, a leading data and analytics company.

An analysis of GlobalData’s Financial Deals Database reveals that Goldman Sachs achieved the leading position in terms of value by advising on $14.5 billion worth of deals. Meanwhile, UBS led in terms of volume by advising on a total of 22 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “UBS was the top adviser by volume during Q1-Q3 2024 and despite registering a year-on-year decline, it retained the leadership position by this metric during Q1-Q3 2025. Apart from leading volume, UBS also occupied the ninth position by value during Q1-Q3 2025.

“Meanwhile, the total value of deals advised by Goldman Sachs registered more than a 10x year-on-year jump during Q1-Q3 2025. Resultantly, its ranking by value took a leap from the 28th position to the top position. Four of the 11 deals advised by Goldman Sachs during Q1-Q3 2025 were billion-dollar deals*. The involvement in these big-ticket deals helped the New York-based investment bank register a massive jump in terms of value and occupy the top spot by this metric. It also held the seventh position by volume during Q1-Q3 2025.”

Evercore occupied the second position in terms of value, by advising on $11.1 billion worth of deals, followed by JP Morgan with $10.5 billion, Morgan Stanley with $10 billion and Mitsubishi UFJ Financial with $9.2 billion.

Meanwhile, Ernst & Young occupied the second position in terms of volume with 18 deals, followed by Nomura with 17 deals, Singhi Advisors with 14 deals and PwC with 13 deals.

*Valued ≥ $1 billion