New Delhi, Delhi, India
Citi was awarded best bank in Asia by the editors of the Asset Magazine for 2007. This is the eighth year in a row that Citi has picked up best bank from the Asset Magazine, one of Asia's leading monthly financial markets magazines.
"Citi has shown leadership across a broad spread of banking activities including corporate finance, investment banking, advisory, financing and structuring. Citi has built a franchise in all these areas that is unmatched by its peers...it has stood behind its clients in the region, offering them the opportunity to realize their business goals," read the editorial write up on the Best Bank awards.
In 2007, Citi raised over US$30bn for its Asian clients across the region from debt and equity capital markets and was also involved on 102 announced M&A transactions worth close to US$250bn.
Many of these transactions also picked up awards, including best deal in India, best deal in Thailand, best convertible bond, best bond, new bond, corporate bond, best investment grade bond, best liability management, best syndicated loan and best domestic securitization. Citi also picked up best Asian bond house and best Asian leveraged finance house at the annual awards.
"This recognition from the Asset Magazine is testament to the dedication and performance of our employees across the region. To be awarded best bank eight years in a row is a great honour, especially as Asia becomes ever more competitive. I would also like to thank our clients, who place their trust in us - this award would not be possible without their support," said Robert Morse, CEO Asia Pacific Markets & Banking at Citi.
About Citi
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi's major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com.
Certain statements in this document are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors. More information about these factors is contained in Citigroup's filings with the Securities and Exchange Commission.
Source: Citi (Business Wire India)
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