Regional Awards for Excellence 2013: Asia
Euromoney’s best bank in Asia for 2013 is Citi, retaining the title it won last year and adding the award for the best investment bank.
It is a double achievement that just five years ago would have been unthinkable, when the bank’s very survival was hanging in the balance and its Asian business, particularly in investment banking, lay in tatters.
He points out that Citi’s progress in Asia, particularly in banking the region’s emerging global champions, contains a little bit of history repeating. "We’ve already brought the likes of 3M, Dow Chemical, GM and BMW to Asia. But now we have to bank the likes of Tata, Reliance, Samsung, Hyundai and Lenovo.