Investment Banking 

What is Investment Banking?

Simply put, investment bankers are key strategic advisers to companies and governments, helping them to facilitate industry change and evolution in the global economy. Our advice is used to connect the right investors with the right companies, to facilitate industry development and to create the most efficient capital structures for companies.

What service do we provide our clients?

We provide leadership, guidance and advice on financial transactions across all industries in all corners of the world. People often think of Investment Banking as mergers and acquisitions (M&A), however Investment Bankers also execute leveraged buyouts (LBOs), financial restructurings, divestitures, initial public offerings (IPOs) and privatizations around the world. By working with our counterparts in Corporate Banking, Capital Markets, and Global Transaction Services, we provide our clients with the widest and deepest possible range of financial capabilities. These include underwriting and distributing equity, debt and derivative securities for some of the largest international corporations, financial institutions and governments in the world. These transactions can often be cross-border and multi-currency. With our global presence, local expertise and deep industry knowledge, we are in a unique position to execute these transactions for our clients.

How we are structured?

The Investment Banking Division is organized into three main groups:

• Country Groups
• Industry Groups
• Product Groups

Country Groups: Country Coverage Groups in Asia Pacific include Australia, China, Hong Kong, India, Indonesia, Korea, Malaysia, the Philippines, Singapore, Taiwan, Thailand and Vietnam. Each group comprises advisory teams (from Analyst to MD) within the Investment Bank that focus on providing advice to clients in their respective countries, or foreign clients seeking to invest in a country. Country Coverage bankers are country-specific experts who work in tandem with the product and industry coverage teams to provide the best solutions and service to the clients of Citi.

Industry Groups: Industry, or “Coverage”, bankers blend their deep knowledge of a specific sector (e.g. Technology, Energy, etc.) with detailed knowledge of the financials to provide quality advice to corporations on various strategic and capital raising activities. Each of these industries has extraordinary differences in the way they operatestructurally, legally and practically. The best way to service clients within these industries is to specialize in one particular sector. A technology banker, for example, needs to be nearly as technologically savvy as a Silicon Valley executive in order to determine which business combinations make the most sense, or what the key issues are in raising capital for a client. Industry bankers partner with Product Group specialists to offer unique insights into the deal process. Currently, our industry groups include:

• Consumer & Health Care (CHC) Group
• Energy, Power & Chemicals (EPC) Group
• Financial Institutions Group (FIG)
• Financial Entrepreneurs Group (FEG)
• Industrials
• Technology, Media & Telecommunications (TMT)

Product Groups: Product Groups are comprised of bankers with specific Mergers & Acquisitions (M&A) or capital markets expertise spanning across all industries. Working with their partners in the coverage groups, bankers provide best-in-class advice and transaction execution for our clients in any market.

M&A bankers advise clients on the buying, selling and combining of businesses, corporate restructurings and corporate takeover defenses. Our advice is based on in-depth analysis, including:

• Approach tactics: How to initiate and manage takeover discussions.
• Due diligence: Where are the opportunities and challenges for a target organization?
• Valuation analysis: How much is a target organization worth?
• Ability to pay analysis: How much can competitors pay for an organization?
• Combination analysis: The financial implications of buying an organization.
• Contract negotiations: What is the best negotiating strategy?

The execution of these transactions would have a significant impact on a company's competitive positioning and long-term strategy. As a result, clients rely on M&A advisors and industry bankers they trust to help execute their most important transactions.

We have played a key role in some of the world's highest profile landmark acquisitions, divestitures, restructurings, takeover defenses and cross-border mergers. Our track record, depth of expertise and global capabilities enable us to offer outstanding execution, strategic dialogue, innovative deal and financing structures and a full range of advisory and capital support.