“This recognition is testament to the teams’ focus on supporting Citi’s clients to deliver the best possible solutions for them. I would also like to thank our clients for the trust they place in our network and advice on their key business decisions,” said Jan Metzger, head of Asia Investment Banking.

The awards, decided by the editors of IFR Asia and an esteemed panel of judges for FinanceAsia, recognised that Citi was the best at supporting clients and managing key equity capital markets transactions over the last 12 months, in what was a challenging macro-environment for deal activity globally.

In the editorial write-ups announcing the awards in February, FinanceAsia said, “During a tricky period for the equity capital markets, Citi managed to secure top spot as the number-one bank for equity and equity-linked transactions throughout Asia. But league tables fail to appreciate the nature of the year and the need for excellent timing and execution. Citi excelled here too.”

IFR Asia wrote, “In a difficult year for Asia’s equity capital markets, one bank found opportunities to raise funds for its clients by thinking differently and moving quickly. For making the most of short windows with its spot-on judgement, Citigroup is IFR Asia’s Equity House of the Year. Citigroup led the way in Asia’s equity capital markets in 2023, securing key roles on the biggest capital raisings of the year and showing its strength across a broad mix of markets and products.”

Over the course of 2023, Citi helped raise close to $20 billion from global equity markets for Asian clients, including nearly 20 IPOs.