Citi recently earned recognition as Investment Bank of the Year in Asia from an advisory panel that included the investment banking editor of the prestigious publication Banker Magazine.
Citi was also cited globally as Investment Bank of the Year, Investment Bank for IPOs and Investment Bank for M&A by the publication owned by London-based Financial Times.
Last year, Citi led multiple landmark deals across equity capital markets, debt capital markets, and mergers and acquisitions in the region including in the Philippines such as the successful US$1bn equivalent Monde Nissin IPO and Ayala Corporation’s US$400m perpetual bond sale. Citi also led transactions that raised over US$10bn from global capital markets for the Manila based Asian Development Bank in 2021.
“Asia-Pacific is increasingly expected to be main growth region for global economic development in the coming years and, as a result, its vibrant capital markets are also expected to continue their strong upward trajectory. Citi, with its almost unrivalled international network, has been in a strong position to build up its presence and establish itself as a leading force within the region’s capital markets.6 The bank leverages the full breadth and depth of its cross-franchise strengths and relationships globally to deliver a comprehensive suite of solutions for clients in the region. It supports clients in established markets, as well as emerging markets,” read part of the editorial write up for the award.
On the strong performance of Citi Philippines’ institutional banking business, Citi Philippines CEO Aftab Ahmed said, “We continuously enhance our relationships with institutional clients by working closely with them to understand their needs and find solutions that can help them manage and grow their businesses further. Citi’s global network in close to 100 markets enables us to provide clients with not only our full suite of products and services, but more importantly, value-added insights, best practices and thought leadership. This is our priority as a network bank, to connect our global clients to the Philippines and support our clients both locally and across Citi’s global network.”
Jan Metzger, head of banking, capital markets and advisory for Asia-Pacific at Citi, said: “We are running at record levels for capital raising for clients. This is a mix of balance sheet strengthening and financing to support growth. There is massive transformation happening across all industries, and with a global network this has helped sharpen our dialogue with clientsas they increasingly want a global perspective.”