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.
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
RSS