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.
NEW IDENTITY: Known for its software, India has expanded into hardware, with its semiconductor industry growing from US$38bn in 2023 to US$45bn to US$50bn India on Saturday inaugurated its first semiconductor assembly and test facility, a milestone in the government’s push to reduce dependence on foreign chipmakers and stake a claim in a sector dominated by China. Indian Prime Minister Narendra Modi opened US firm Micron Technology Inc’s semiconductor assembly, test and packaging unit in his home state of Gujarat, hailing the “dawn of a new era” for India’s technology ambitions. “When young Indians look back in the future, they will see this decade as the turning point in our tech future,” Modi told the event, which was broadcast on his YouTube channel. The plant would convert
‘SEISMIC SHIFT’: The researcher forecast there would be about 1.1 billion mobile shipments this year, down from 1.26 billion the prior year and erasing years of gains The global smartphone market is expected to contract 12.9 percent this year due to the unprecedented memorychip shortage, marking “a crisis like no other,” researcher International Data Corp (IDC) said. The new forecast, a dramatic revision down from earlier estimates, gives the latest accounting of the ongoing memory crunch that is affecting every corner of the electronics industry. The demand for advanced memory to power artificial intelligence (AI) tasks has drained global supply until well into next year and jeopardizes the business model of many smartphone makers. IDC forecast about 1.1 billion mobile shipments this year, down from 1.26 billion the prior
People stand in a Pokemon store in Tokyo on Thursday. One of the world highest-grossing franchises is celebrated its 30th anniversary yesterday.
Zimbabwe’s ban on raw lithium exports is forcing Chinese miners to rethink their strategy, speeding up plans to process the metal locally instead of shipping it to China’s vast rechargeable battery industry. The country is Africa’s largest lithium producer and has one of the world’s largest reserves, according to the US Geological Survey (USGS). Zimbabwe already banned the export of lithium ore in 2022 and last year announced it would halt exports of lithium concentrates from January next year. However, on Wednesday it imposed the ban with immediate effect, leaving unclear what the lithium mining sector would do in the
RSS