Citigroup Global Markets Taiwan Ltd (花旗環球財務管理顧問) yesterday tapped Max Wu (吳坤裕) to be director of its investment banking division, a company press statement said.
Wu will be charged with overseeing the firm’s investment banking business, including domestic and cross-border mergers and acquisitions, overseas debt and equity fund-raising for Taiwanese corporates, the statement said.
Chairman Y.T. Du (杜英宗) said in the statement that the addition of Wu would be an indication that Citi has begun to rehire professionals following the global financial crisis to expand its business, providing value-added and innovative solutions on corporate finance and strategic advice to help clients expand their global footprint.
He said Taiwanese companies were becoming more active in the financial and capital markets, and the number of corporate mergers and acquisitions would be picking up, both in Taiwan and overseas.
Wu has 15 years experience in corporate finance and investment banking, and is a seasoned professional in corporate financial services, the company said.
He has had experience assisting Taiwanese companies to list on the Hong Kong Stock Exchange, fund-raising in the capital markets and serving as a financial advisor to private equity funds on mergers and acquisitions.
Semiconductor business between Taiwan and the US is a “win-win” model for both sides given the high level of complementarity, the government said yesterday responding to tariff threats from US President Donald Trump. Home to the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), Taiwan is a key link in the global technology supply chain for companies such as Apple Inc and Nvidia Corp. Trump said on Monday he plans to impose tariffs on imported chips, pharmaceuticals and steel in an effort to get the producers to make them in the US. “Taiwan and the US semiconductor and other technology industries
The US Federal Reserve is expected to announce a pause in rate cuts on Wednesday, as policymakers look to continue tackling inflation under close and vocal scrutiny from US President Donald Trump. The Fed cut its key lending rate by a full percentage point in the final four months of last year and indicated it would move more cautiously going forward amid an uptick in inflation away from its long-term target of 2 percent. “I think they will do nothing, and I think they should do nothing,” Federal Reserve Bank of St Louis former president Jim Bullard said. “I think the
SMALL AND EFFICIENT: The Chinese AI app’s initial success has spurred worries in the US that its tech giants’ massive AI spending needs re-evaluation, a market strategist said Chinese artificial intelligence (AI) start-up DeepSeek’s (深度求索) eponymous AI assistant rocketed to the top of Apple Inc’s iPhone download charts, stirring doubts in Silicon Valley about the strength of the US’ technological dominance. The app’s underlying AI model is widely seen as competitive with OpenAI and Meta Platforms Inc’s latest. Its claim that it cost much less to train and develop triggered share moves across Asia’s supply chain. Chinese tech firms linked to DeepSeek, such as Iflytek Co (科大訊飛), surged yesterday, while chipmaking tool makers like Advantest Corp slumped on the potential threat to demand for Nvidia Corp’s AI accelerators. US stock
Cryptocurrencies gave a lukewarm reception to US President Donald Trump’s first policy moves on digital assets, notching small gains after he commissioned a report on regulation and a crypto reserve. Bitcoin has been broadly steady since Trump took office on Monday and was trading at about US$105,000 yesterday as some of the euphoria around a hoped-for revolution in cryptocurrency regulation ebbed. Smaller cryptocurrency ether has likewise had a fairly steady week, although was up 5 percent in the Asia day to US$3,420. Bitcoin had been one of the most spectacular “Trump trades” in financial markets, gaining 50 percent to break above US$100,000 and
RSS