Citigroup Announces Introduction of Fiduciary Transition Management Services for North American Clients

Citigroup Corporate and Investment Banking announced today the introduction of fiduciary transition management services for North American clients. Citigroup’s award winning transition management service currently offers fiduciary transition management in both Europe and Asia. Inclusion of the North American region provides Citigroup a complete global fiduciary transition management platform. The fiduciary transition service is a joint venture of Citigroup’s Global Capital Markets division and Global Transaction Services division. Citigroup is the only transition manager to combine a world-class global capital markets franchise with a global leader in securities and fund services, which includes custody, clearing and settlement capabilities. The result is a portfolio restructuring service offering the best combination of trusted transaction advice, operational efficiency, risk management and execution expertise in the industry today. "Adding the fiduciary capability highlights Citigroup’s commitment to and alignment with our transition clients,” said Fred Fogg, Head of North American Transition Management at Citigroup. "It cements Citigroup’s global position as the premier provider of transition management services.” "Citigroup has a long history of fiduciary relationships with our clients,” added David Goldstein, Citigroup’s Director of Institutional Trust and Pension Product Development within Global Transaction Services. "Fiduciary transition management is another example of Citigroup putting our clients first.” Citigroup’s Global Transition Management (CGTM) has been a unique and differentiated provider of transition management services since 1998. CGTM leverages the resources of the world’s pre-eminent financial services firm to deliver a best in breed portfolio restructuring product. Citigroup is ranked the #1 overall Transition Manager in both Europe and Asia for 2006 according to Global Investor Magazine. Citigroup (NYSE: C), 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. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com About Citigroup Corporate and Investment Banking Our Corporate and Investment Banking group achieves the extraordinary for our clients around the world. No financial institution is more committed to understanding and advancing the goals of its clients - our diverse and talented staff in some 100 countries advises companies, governments, and institutional investors on the best way to realize their strategic objectives. We create solutions for and provide the broadest possible capital and market access to thousands of issuer and investor clients, and no institution better executes the increasingly complex payment and cash management solutions required in today's global economy. Core business lines under Citigroup Corporate and Investment Banking.