Taiwan's best investment bank 2022: Citi
Citi is the go-to bank in Taiwan for clients seeking advice on equity and debt capital markets or M&A deals, making it the winner of Asiamoney’s award for the best investment bank for Taiwan in 2022.
Citi has gained a lot of ground in Taiwan with Christie Chang – who is president of Citibank Taiwan, head of Taiwan banking, capital markets and advisory, and chairwoman of Asia Pacific corporate banking – at the bank’s helm.
During Asiamoney’s awards period, Citi worked on several announced or completed M&A deals – for example, when Perfect Corp, an artificial intelligence solutions provider for the beauty and fashion industry, merged with special purpose acquisition company Provident. The de-Spac exercise involved a $50 million private investment in public equity, or Pipe. Citi was a co-placement agent on the Pipe and co-capital markets adviser to Provident.
Citi also worked on Taiwan’s first de-Spac in September 2021, when Nasdaq-listed Spac Poema Global Holdings Corp bought Taiwanese battery firm Gogoro. Citi was the lead placement agent on the $250 million Pipe.