Citi Taiwan was recently honored with several prestigious international awards, in recognition of its leadership position in corporate and investment banking in Taiwan. The bank received accolades from prominent financial media publications, including FinanceAsia, which named Citi Taiwan as the “Best International Bank” and the “Best International Investment Bank.” Additionally, Euromoney recognized Citi as the “Best Investment Bank” in Taiwan, while The Asset presented Citi with the Triple A award for “Best Subcustodian in Taiwan”.
Aftab Ahmed, Citi Country Officer, Taiwan, commented, “With a presence in over 90 markets and the ability to offer financial services in more than 180 markets worldwide, Citi leverages its extensive network to support clients with their global needs. Citi is committed to helping Taiwanese businesses access cross-border solutions and supporting their growth journey. We are honored to have received these awards and our goal remains being a trusted financial advisor to our clients.”
Euromoney highlighted Citi Taiwan’s leadership position in the league tables across all categories, an outcome of its longstanding client relationships in the market. Citi was involved in four equity capital market deals, totaling $1.7 billion. It served as the sole global coordinator on all three Taiwan global depositary receipt offerings in 2023, reinforcing its position as the preferred investment bank for Taiwanese companies raising capital internationally.
Photo courtesy of Citi Taiwan
To date, Citi Taiwan Investment Banking has facilitated over 10 major transactions this year, spanning mergers and acquisitions (M&A), equity capital markets (ECM), and debt capital markets. The bank has achieved the highest M&A and ECM market shares in Taiwan, positioning it as the leading investment bank in the market. Since 2020, Citi has raised over US$20 billion for local clients from global capital markets and advised on M&A transactions for Taiwanese companies, totaling over US$10 billion.
Citi Taiwan was named The Asset’s “Best Subcustodian in Taiwan” for the seventh consecutive year. In the custody business, Citi has the largest market share in Taiwan in terms of assets under custody for the sub-brokerage business and has extensive experience in securities and asset services. This year, Citi was proud to partner with the Taiwan Depository & Clearing Corporation to develop an automated custody platform.
As Citi celebrates its 60th anniversary in Taiwan in 2024, the bank has earned numerous international financial awards over the past six decades, demonstrating its commitment to the market. Some of the significant award wins include:
> The Asset Triple A “Best International Bank/ Best International Bank for Sustainable Finance” for 21 consecutive years
> The Asset Triple A “Best International Corporate and Institutional Adviser” for nine consecutive years
> The Asset Triple A “Best M&A Adviser” for seven consecutive years
> The Asset Triple A “Best Subcustodian in Taiwan” for seven consecutive years
> The Asset Triple A “Best Equity Adviser” for three consecutive years
> FinanceAsia “Best International Bank” for 27 times
> FinanceAsia “Best International Investment Bank” for five out of seven years
> Euromoney/ Asiamoney “Best International Investment Bank” for three consecutive years
DIVIDED VIEWS: Although the Fed agreed on holding rates steady, some officials see no rate cuts for this year, while 10 policymakers foresee two or more cuts There are a lot of unknowns about the outlook for the economy and interest rates, but US Federal Reserve Chair Jerome Powell signaled at least one thing seems certain: Higher prices are coming. Fed policymakers voted unanimously to hold interest rates steady at a range of 4.25 percent to 4.50 percent for a fourth straight meeting on Wednesday, as they await clarity on whether tariffs would leave a one-time or more lasting mark on inflation. Powell said it is still unclear how much of the bill would fall on the shoulders of consumers, but he expects to learn more about tariffs
NOT JUSTIFIED: The bank’s governor said there would only be a rate cut if inflation falls below 1.5% and economic conditions deteriorate, which have not been detected The central bank yesterday kept its key interest rates unchanged for a fifth consecutive quarter, aligning with market expectations, while slightly lowering its inflation outlook amid signs of cooling price pressures. The move came after the US Federal Reserve held rates steady overnight, despite pressure from US President Donald Trump to cut borrowing costs. Central bank board members unanimously voted to maintain the discount rate at 2 percent, the secured loan rate at 2.375 percent and the overnight lending rate at 4.25 percent. “We consider the policy decision appropriate, although it suggests tightening leaning after factoring in slackening inflation and stable GDP growth,”
Meta Platforms Inc offered US$100 million bonuses to OpenAI employees in an unsuccessful bid to poach the ChatGPT maker’s talent and strengthen its own generative artificial intelligence (AI) teams, OpenAI CEO Sam Altman has said. Facebook’s parent company — a competitor of OpenAI — also offered “giant” annual salaries exceeding US$100 million to OpenAI staffers, Altman said in an interview on the Uncapped with Jack Altman podcast released on Tuesday. “It is crazy,” Sam Altman told his brother Jack in the interview. “I’m really happy that at least so far none of our best people have decided to take them
PLANS: MSI is also planning to upgrade its service center in the Netherlands Micro-Star International Co (MSI, 微星) yesterday said it plans to set up a server assembly line at its Poland service center this year at the earliest. The computer and peripherals manufacturer expects that the new server assembly line would shorten transportation times in shipments to European countries, a company spokesperson told the Taipei Times by telephone. MSI manufactures motherboards, graphics cards, notebook computers, servers, optical storage devices and communication devices. The company operates plants in Taiwan and China, and runs a global network of service centers. The company is also considering upgrading its service center in the Netherlands into a
RSS