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
AI REVOLUTION: The event is to take place from Wednesday to Friday at the Taipei Nangang Exhibition Center’s halls 1 and 2 and would feature more than 1,100 exhibitors Semicon Taiwan, an annual international semiconductor exhibition, would bring leaders from the world’s top technology firms to Taipei this year, the event organizer said. The CEO Summit is to feature nine global leaders from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), ASE Technology Holding Co (ASE, 日月光投控), Applied Materials Inc, Google, Samsung Electronics Co, SK Hynix Inc, Microsoft Corp, Interuniversity Microelectronic Centre and Marvell Technology Group Ltd, SEMI said in a news release last week. The top executives would delve into how semiconductors are positioned as the driving force behind global technological innovation amid the artificial intelligence (AI) revolution, the organizer said. Among them,
Demand for artificial intelligence (AI) chips should spur growth for the semiconductor industry over the next few years, the CEO of a major supplier to Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) said, dismissing concerns that investors had misjudged the pace and extent of spending on AI. While the global chip market has grown about 8 percent annually over the past 20 years, AI semiconductors should grow at a much higher rate going forward, Scientech Corp (辛耘) chief executive officer Hsu Ming-chi (許明琪) told Bloomberg Television. “This booming of the AI industry has just begun,” Hsu said. “For the most prominent
Former Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman Mark Liu (劉德音) yesterday warned against the tendency to label stakeholders as either “pro-China” or “pro-US,” calling such rigid thinking a “trap” that could impede policy discussions. Liu, an adviser to the Cabinet’s Economic Development Committee, made the comments in his keynote speech at the committee’s first advisers’ meeting. Speaking in front of Premier Cho Jung-tai (卓榮泰), National Development Council (NDC) Minister Paul Liu (劉鏡清) and other officials, Liu urged the public to be wary of falling into the “trap” of categorizing people involved in discussions into either the “pro-China” or “pro-US” camp. Liu,
Minister of Economic Affairs J.W. Kuo (郭智輝) yesterday said Taiwan’s government plans to set up a business service company in Kyushu, Japan, to help Taiwanese companies operating there. “The company will follow the one-stop service model similar to the science parks we have in Taiwan,” Kuo said. “As each prefecture is providing different conditions, we will establish a new company providing services and helping Taiwanese companies swiftly settle in Japan.” Kuo did not specify the exact location of the planned company but said it would not be in Kumamoto, the Kyushu prefecture in which Taiwan Semiconductor Manufacturing Company (TSMC, 台積電) has a
RSS