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Citigroup Inc. (NYSE: C)
May 08, 2008
Citi Investment Research Captures First Place in Institutional Investor's 2008 All-Asia ex-Japan Research Team Poll
Hong Kong – Citi Investment Research has been ranked first equal in the annual Institutional Investor's 2008 All-Asia ex-Japan Research Team poll.
According to Institutional Investor, Citi Investment Research provides "the best overall coverage of Asian equity markets."
In country and regional research coverage, Citi captured first place in India, Singapore and Taiwan and top five for all countries under its coverage, including Hong Kong, China, Indonesia, Malaysia, Thailand, South Korea and Thailand.
Under the Industries and Strategy & Economics portion of the survey, Citi held 16 team positions (first, second, third place or runner-up) in the 19 sectors, with first place in the Power, Technology/IT Services & Software, Technology/Semiconductors, Telecommunications and Transportation sectors.
Commenting on the results, Adrian Faure, Director of Research for Citi Investment Research Asia Pacific said, "We are delighted with the results as this is testament to the hard work and dedication from not only the research analyst teams but also tremendous support from our equity sales teams. Our strategy of providing the breadth and depth of stock coverage has worked well."
Citi currently has about 75 analysts covering 700 stocks in Asia Pacific ex-Japan.
Citi was tied first on an unweighted basis but captured first place on the overall weighted basis. Citi was also ranked first on a weighted basis last year. (Note: Weighted results put more emphasis on team rankings).
The Institutional Investor results are based on responses from more than 1,200 buy-side analysts and investment professionals at more than 550 institutions managing an estimated $1.3 trillion in non-Japanese Asian equities.
Citi Investment Research rankings:
| Countries | Team | Overall Rank 2008 | Overall Rank 2007 |
| Australia | Bruce Rolph & team (RU) | 5 | 6 |
| China | Lan Xue & team (3T) | 3 | 3 |
| Hong Kong | Anil Daswani & team (2T) | 2 | 1 |
| India | Aditya Narain & team (1T) | 1 | 1 |
| Indonesia | David Fergusson & team (RU) | 4 | 8 |
| Malaysia | Wai Kee Choong & team (2T) | 2 | 5 |
| Philippines | The Team | 7 | HM |
| Singapore | Jit Soon Lim & team (1T) | 1 | 1 |
| South Korea | Michael Chung & team (3T) | 3 | 8 |
| Taiwan | Peter Kurz & team (1T) | 1 | 1 |
| Thailand | Nithi Wanikpun & team (RU) | 4 | 2 |
| Sectors | Team | Overall Rank 2008 | Overall Rank 2007 |
| Autos & Auto Parts | Charles Cheung & team (2T) | 2 | 3 |
| Banks & Other Financials | Robert Kong & team (RU) | 5 | 3 |
| Conglomerates | Anil Daswani & team (3T) | 3 | 3 |
| Consumer | Ally Park & team (RU) | 10 | 8 |
| Health Care & Pharmaceuticals | The Team | 6 | 10 |
| Media | Jason Brueschke & team (RU) | 4 | 2 |
| Metals & Mining (including Steel) | The Team | 10 | 13 |
| Oil & Gas (including Chemicals) | Graham Cunningham & team (RU) | 5 | 8 |
| Power (Electric, Gas, Water) | Pierre Lau & team (1T) | 1 | 1 |
| Property | Wendy Koh, Tony Tsang & team (2T) | 2 | 3 |
| Small-Cap Companies | Eddie Lau & team (2T) | 2 | 1 |
| Technology/Hardware | Kirk Yang & team (2T) | 2 | 2 |
| Technology/IT Services & Software | Surendra Goyal & team (1T) | 1 | 4 |
| Technology/Semiconductors | Andrew Lu & team (1T) | 1 | 1 |
| Telecommunications | Anand Ramachandran & team (1T) | 1 | 5 |
| Transportation | Charles de Trenck & team (1T) | 1 | 1 |
| Economics | The Team | 9 | 8 |
| Equity Strategy | Markus Rosgen & team (RU) | 5 | 5 |
| Quantitative/Derivatives | Paul Chanin & team (RU) | 5 | 2 |
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Citi
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing 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, and wealth management. Citi's major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com.
Citi Investment Research
Citi Investment Research is an industry leader in investment research globally. With over 350 analysts covering over 3100 companies worldwide, we provide our investing clients with comprehensive research analysis of companies, industries, and the world's markets.