08.12.2005 18:06:00

Smith Barney Names James Tracy as Director of Consulting Group

Smith Barney announced today that James Tracy has beenappointed director of the firm's Consulting Group, a leader ininvestment management consulting and the managed money arena. In hisnew role, Mr. Tracy will be responsible for all aspects of thebusiness including research, marketing, product management andtraining.

"Jim is a strong believer in a client-focused wealth managementand consulting process and has without a doubt demonstratedexceptional leadership skills within the fee-based business," saidPaul Hatch, director of Investment Advisory Services. "We believe hewill be successful in moving forward one of the largest and fastestgrowing businesses within our industry," he added. Mr. Tracy willreport to Hatch.

Mr. Tracy has more than 20 years of financial services industryexperience with 17 years served at Smith Barney. In his prior role asdirector of the firm's Great Lakes region, the area ranked number onein fee-based assets.

Phil Shaffer, senior vice president-investments and a leadingsenior institutional consultant at Smith Barney, commented, "First andforemost, Jim is a great leader. He is a visionary and most capable ofhelping others turn big picture ideas into reality. Jim thinks outsideof the box to get things done and has a deep understanding andsignificant appreciation for the Consulting Group process."

A graduate of Marietta College with a bachelor's of administrationin accounting and management, Mr. Tracy has served as a member of thecollege's Athletics Founders Board and is actively involved in theSpecial Olympics Organization and other civic and community projects.

Smith Barney's Consulting Group is an industry leader ininvestment management consulting, managed money products and services.Founded in 1973, the Consulting Group works with Smith Barneyfinancial advisers and their clients, both institutional andindividual, to develop customized investment, economic and assetallocation strategies based on their individual financial objectives.A hallmark of the Consulting Group's products and services is itsresearch process. Consulting Group's research professionalscontinually evaluate and offer proprietary investment opinions of someof the world's most recognized investment management firms, enablingclients to make thoughtful and informed investment decisions.Additional information may be found at:www.smithbarney.com/consulting.

Citigroup (NYSE: C), the leading global financial servicescompany, has some 200 million customer accounts and does business inmore than 100 countries, providing consumers, corporations,governments and institutions with a broad range of financial productsand services, including consumer banking and credit, corporate andinvestment banking, insurance, securities brokerage, and assetmanagement. Major brand names under Citigroup's trademark red umbrellainclude Citibank, CitiFinancial, Primerica, Smith Barney and Banamex.Additional information may be found at: www.citigroup.com.

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