Alberto Verme to Focus on Middle East as Strategic Imperative for Citi Clients around the World Move Underscores Citi's Commitment to Region and to Strategically Positioning Top Talent Closer to Growth Opportunities

NEW YORK, May 08, 2008 (BUSINESS WIRE) -- Citi today announced that Alberto Verme, Global Co-Head of
Investment Banking, will relocate to Dubai. This move underscores
Citi's commitment to the Middle East, one of the world's
fastest-growing and most important regions, and is consistent with
Citi's efforts to deploy its best leaders against its most important
and promising growth opportunities.

Mr. Verme will continue to share global responsibility for
Investment Banking with Ray McGuire, who remains based in New York.
From Dubai, Mr. Verme will work with colleagues across Citi's global
network to help serve Middle Eastern clients, as well as facilitate
access to the region and provide local expertise for clients around
the world seeking to do business there. He will work closely with
Mohammed Al-Shroogi, Managing Director for the Middle East and Chief
Executive Officer for the UAE, who is also based in Dubai and has been
a leading presence for Citi in the region since 1976.

Vikram Pandit, Chief Executive Officer of Citi, said: "Citi has
been in the Middle East for more than 50 years, and we want our
clients in the region and around the world to know we are convinced of
the region's long-term and immense growth opportunities. I am
extremely pleased that Alberto will bring his unique experience and
impressive track record of business building and client service to
this critical opportunity."

John Havens, Chief Executive Officer of Citi's Institutional
Clients Group, commented: "Our clients around the world are looking to
us for deep local access and expertise in the Middle East. We are
delighted that Alberto will make this move, and we will continue to
mobilize top talent against strategic opportunities in the more than
100 countries in which we operate."

Bill Mills, Chief Executive Officer for Citi's Western Europe,
Middle East and Africa region, commented: "The Middle East is a
critical part of Citi's fast-growing emerging markets business. Having
a global leader of Alberto's stature working closely with the
outstanding local team sends a strong and positive signal to Citi's
clients everywhere."

Mr. Verme has been in his current role since 2004. He joined
Salomon Brothers in 1994 as Head of Investment Banking for Latin
America. He was Head of Global Energy, Power and Chemicals Investment
Banking from 2001 to 2004. He began his career at The World Bank in
1979. He is a Peruvian national and holds a B.A. in Economics from
Denison University and an M.B.A. from Columbia Business School.

Mr. Verme has advised on numerous high-profile transactions during
his 15 years with Citi, and has successfully built both regional and
sector businesses within Investment Banking.

About Citi in the Middle East:

Citi has been present in the Middle East region for more than 50
years, represented in main markets including the UAE, Egypt, Qatar,
Kuwait, Jordan, Bahrain, Lebanon, Algeria, Tunisia and Morocco. Citi
has more than 3,000 permanent staff as well as 30 branches and offices
in the region.

Across the Middle East, Citi offers a range of corporate finance
services including securitization, project & structured trade finance,
syndication and advisory. In the last few years, Citi has consistently
ranked as the premier choice for cash management and trade services,
foreign exchange products, portfolio products, capital markets primary
and secondary, Corporate Finance, investment management and custody
services in more markets in the Middle East than any other bank
according to industry surveys.

Citi is also a major provider of consumer credit services in the
UAE, Egypt and Bahrain, and currently leads the credit card markets in
these countries.

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
and Banamex. Additional information may be found at www.citigroup.com
or www.citi.com.

SOURCE: Citigroup, Inc.

Citigroup, Inc.
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Daniel Noonan, +1-212-816-8572
Adam Castellani, +44 20 7986 5608
Karim Seifeddine, +97 150 550 4741
or
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Scott Freidenrich, +1-212-559-2718
or
Fixed Income Investors:
Maurice Raichelson, +1-212-559-5091

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