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
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
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The New Taiwan dollar and Taiwanese stocks surged on signs that trade tensions between the world’s top two economies might start easing and as US tech earnings boosted the outlook of the nation’s semiconductor exports. The NT dollar strengthened as much as 3.8 percent versus the US dollar to 30.815, the biggest intraday gain since January 2011, closing at NT$31.064. The benchmark TAIEX jumped 2.73 percent to outperform the region’s equity gauges. Outlook for global trade improved after China said it is assessing possible trade talks with the US, providing a boost for the nation’s currency and shares. As the NT dollar
The Financial Supervisory Commission (FSC) yesterday met with some of the nation’s largest insurance companies as a skyrocketing New Taiwan dollar piles pressure on their hundreds of billions of dollars in US bond investments. The commission has asked some life insurance firms, among the biggest Asian holders of US debt, to discuss how the rapidly strengthening NT dollar has impacted their operations, people familiar with the matter said. The meeting took place as the NT dollar jumped as much as 5 percent yesterday, its biggest intraday gain in more than three decades. The local currency surged as exporters rushed to
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