Robust momentum in the quarter with $11.4bn of deals announced across ECM and M&A
FinTech BizNews Service
Mumbai: Citi has emerged as the no.1 M&A advisor and no. 1 ECM Bank in the first quarter of 2024, reaffirming its preeminent position as the premier Investment Banking franchise in India. (Source: Dealogic)
During the quarter ending March 31, 2024, Citi has executed multiple complex cross-border M&A transactions, with US$7.5 billion in announced deals, which represents a 36% market share. (Source: Dealogic)
On the back of its strong ECM capabilities, Citi has executed five ECM transactions, raising US$3.9 billion in the quarter, representing a 14% market share and cementing Citi’s position as the #1 ECM bank in India and Asia (ex-Japan).
Citi has also been the dominant bookrunner for equity in the Asia region during the quarter, with double the share of its next competitor.
Speaking on the performance, India Investment Banking Head Rahul Saraf said, “Citi continues to be the most active foreign bank in India. Our consistent performance is a result of our seasoned team, with each senior member being with Citi for an average of 17 years. We firmly believe that the best is yet to come and we have only scratched the surface of the immense potential of Indian markets. We are excited to continue to help clients achieve the best outcomes by providing tailored and integrated solutions.”
“India is one of Citi’s most important markets globally where we are dedicated to supporting the ambitions of our clients. This focus from the market leading team ensures we are consistently top ranked and we look forward to helping more clients with their banking needs both in India and across Citi’s global network in 95 markets.” said Jan Metzger, Head of Asia Pacific Investment Banking.
