NEW YORK--(BUSINESS WIRE)--The Asset magazine recently honored Citi as the “Best DR Bank” in Asia in its 2015 Triple A Asset Servicing, Investor and Fund Management Awards. In addition, Citi won the “Best DR Mandate” award for its role as the depositary bank for Alibaba Group Holding Limited’s American Depositary Receipt (ADR) program.
The Asset Triple A Awards honor those that have excelled in the region, according to The Asset magazine. In 2014, Citi raised more than 80% of the total capital issued in depositary receipt form from the Asia Pacific region.
“Citi’s Issuer Services business is proud to be recognized as the leading depositary bank in Asia and for our relentless focus on helping our clients build and execute successful depositary receipt programs,” said Nancy Lissemore, Global Head of Depositary Receipt Services at Citi. “As these awards demonstrate, we are committed to providing our clients and their investors with the highest quality depositary receipt services.”
“We are thrilled to once again be named the leading provider of depositary receipt services in Asia,” said Valentina Chuang, Asia Head of Depositary Receipt Services at Citi. “Depositary receipts continue to be an effective means for issuers to raise capital in the Asia Pacific region. With our global presence, investor relations expertise and best-in-class service, we will continue to help our clients in Asia expand their investor bases worldwide and maximize the visibility of their depositary receipt programs.”
Citi is a leading provider of depositary receipt services. With depositary receipt programs in 55 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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