In the recently announced The Asset Triple A Country Awards 2022 for Sustainable Finance, Citi Taiwan was honored as Best Bank – Global, for the 20th straight year, and Best Corporate and Institutional Adviser – Global, for the 8th straight year. The firm was also recognized in several other Best Adviser and Best Deals categories.
Despite capital market volatility, Citi focused on helping clients build operating resilience and their sustainability transformation. Citi was also named Best Equity Adviser and Best M&A Adviser – Global. Among the Best Deals, Citi Taiwan supported clients on transactions that won Best GDR, Best Formosa Bond, Best Corporate Bond and Best M&A.
Christie Chang, head of Citi APAC Corporate Banking and President of Citibank Taiwan, said, “Market conditions in 2022 highlighted the importance of financial institutions’ resilience. We would like to thank our clients for their continued partnership. We are committed to Taiwan and supporting clients across our local and global network to support their ambitions. We are well positioned for further growth in a key market for Citi.”
Photo courtesy of Citibank Taiwan
Founded 1999, The Asset is a widely recognized regional financial magazine. The magazine’s annual Triple A recognition represents one of the most prestigious awards for banking and capital markets. According to its editorial team, negative market sentiment dampened deal activity, including Formosa bonds, while there was a strong demand for ESG-themed offerings. Taiwan’s local syndication market was vibrant with borrowers going for sustainability-linked transactions to showcase their ESG credentials. In the meantime, it’s noteworthy that a number of big companies took the GDR (global depositary receipt) route to raise funds. During the award review period, Citi Taiwan closed several landmark deals, including the first financial industry’s GDR offering from Taiwan since 2018, a USD-denominated corporate bond issued by a semiconductor company to fund its capex plan and the largest retail M&A in Taiwan.
The newly appointed head of Citi Taiwan Aftab Ahmed said, “We thank The Asset for recognizing Citi Taiwan again in 2022. Citi Taiwan is the premier provider of client-centric financial solutions. Our institutional businesses delivered very strong growth, and this can be attributed to our strong relationship management focus and global network. We remain highly committed to the market and to serving our clients with excellence.”
In 2022, Citi Taiwan was also named the best global bank by Asiamoney and FinanceAsia, while Citigroup was accredited for its best leadership and as best investment bank in Asia by Euromoney. As a distinguished corporate citizen, Citi continues to work toward sustainable development goals from the three ESG dimensions and support clients’ sustainability transformation, including reduction of carbon footprints, sustainable finance, cultivation of a DEI culture, giveback to communities, youth empowerment, migrant workers’ finance education and breakpoint-free customer digital experience with high security standards.
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