Awards for Excellence 2002
Best bank: CitigroupBest equities house: UBS WarburgBest debt house: Citigroup/Salomon Smith BarneyBest M&A house: Merrill LynchBest at risk management and treasury: HSBCBest in cash management: CitibankBest in custody: CitibankCitigroup wins the region's best bank award for the third successive year. It is the one true pan-Asian bank with operations in 14 markets across the region. While other banks struggled in the tough operating environment, Citibank had its best ever year in some markets. In Malaysia's slowing and heavily regulated market it reported pre-tax profits 34.3% higher than the previous year. This was more than any other foreign competitor. In Taiwan pre-tax earnings soared by 102% to US$255 million. It is now the fifth most profitable among all financial institutions on the island.
Citigroup's ability to attract new business continued as it rolled out innovative products for its retail and wholesale clients. For example, last year it...
