This is the highest level since its records began in 2000.
Fees for bonds beat mergers and acquisitions as the number one product, rising almost 15 per cent to $31 billion.
Japan Post Holdings Co Ltd, the biggest follow-on offering of the year, and Japanese SoftBank Group Corp, which agreed to buy a large number of shares of Uber Technologies Inc in late December, were the biggest corporate clients of 2017 – paying out $382 and $378 million, respectively.
Japan saw a 50 per cent rise in total fees to $5.5 billion.
Blackstone Group was the biggest financial sponsor fee payer, shelling out $679 million, an increase of 87 per cent over the previous year.
JP Morgan was the biggest global investment banking earner of the year once again, racking up an estimated $6.7 billion in fees.