NEW YORK--(BUSINESS WIRE)--Citi today announced that it has been named ‘Best DR Bank’ in Asia in The Asset’s 2017 Triple-A Asset Servicing, Investor and Fund Management Awards. The Triple-A Awards assess and recognize both sell-side service providers and buy-side institutions to deliver a complete account of Asia’s highly dynamic asset servicing industry.
Citi’s Depositary Receipts (DR) business has raised over 42% of the global DR capital and 62% of the Asia Pacific DR capital since 2011, according to Citi data. Citi manages many of the largest DR programs in the Asia Pacific region including many marquee names, and has continued its leadership in the DR industry through 2017 with innovative thinking and market leadership.
“Citi is proud to be recognized as the leading depositary bank in Asia for our constant focus on clients combined with unmatched services for the broker and investor communities,” said Nancy Lissemore, Global Head of Depositary Receipt Services at Citi. “We’re delighted with this recognition, which once again confirms our strengths in servicing clients, commitment to innovation, and focus in delivering investor relations and capital market expertise.”
“Depositary receipts are a vital tool for Asia-Pacific issuers as they broaden their investor base worldwide, while at the same time providing investors with a flexible and convenient channel to global equities,” said Valentina Chuang, Asia Head of Sales for Citi Depositary Receipt Services.
Citi is a leading provider of depositary receipt services. With depositary receipt programs in 61 markets, Citi leverages its global network to help companies connect to new markets and raise capital worldwide. For more information about Citi’s Depositary Receipt Services, please visit www.citi.com/dr.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides 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, transaction services, and wealth management.
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