Citi hires investment banker Max Wu in Taiwan

Citi has hired Max Wu from the Royal Bank of Scotland (RBS) as a director in its investment banking division in Taiwan, the US bank said in a statement yesterday. His extensive brief covers domestic and cross-border M&A, as well as overseas debt and equity fundraising for Taiwanese companies.

Wu has 15 years' experience in corporate and investment banking, and was most recently head of the corporate group, investment banking at RBS in Taipei. He has helped Taiwanese companies to list on the Hong Kong stock exchange and access equity fundraising from the capital markets, and has also served as financial advisor to private equity funds in M&A transactions.

Wu has already started his new job at Citi and reports to Y T Du, chairman of Citigroup global markets in Taiwan. The bank could not confirm the total headcount in its investment banking division in Taipei.

But in a statement yesterday, Du said that "investment banking is one of the key services which Citi offers to its blue-chip clients in Taiwan".  "In addition to assisting companies internationalise via its global branch network and platform, Citi also provides value-added and innovative solutions on corporate finance and strategic advisory to help clients expand their global footprint," he said.

"At this time especially, Citi needs key talent like Wu to join to continue providing high-quality and comprehensive services to clients," he added.

Wu is a Taiwanese national and holds a masters degree from The George Washington University in the US.