WEGELIN & CO. APPOINTS CITI TO PROVIDE FURTHER FUNDS ADMINISTRATION

London, Luxembourg - January 13, 2010 – Citi’s Global Transaction Services business today announced that it has been awarded a new mandate from Wegelin & Co. The Swiss Private bank which provides asset management for private and institutional clients, has appointed Citi to provide a range of funds administration services and to take on board their Guernsey fund business that has been converted into Wegelin Luxembourg vehicle.

In winning this significant appointment, Citi will provide funds administration to Wegelin & Co. globally. The mandate includes the safekeeping of assets and additional services including performance measurement, compliance monitoring, investment administration and accounting. Furthermore, Wegelin & Co. will have full access to Citi’s whole suite of Securities Services capabilities.

Andrew Gelb, Head of Securities and Fund Services, Europe, the Middle East and Africa, Citi, said, "This new agreement signifies another milestone for Citi’s commitment to the Investor Services business in Luxembourg. Clients like Wegelin & Co. are extremely important to Citi and we will continue to act as their service partner and grow with them. We have built a world class fund accounting service in Luxembourg based on our single global operating platform, dedicated Investor Services management team, integrated client processes and by supporting our clients’ growth in the funds industry."

Reto Sonderegger, Asset Management, Wegelin & Co., said, "We are looking forward to developing a strong working relationship with Citi. As we continue to develop innovative, cutting-edge quantitative products for cross-border distribution, we look to Citi as a partner in growth and provider of innovative and efficient solutions, which will meet our special needs. For Wegelin & Co. and Citi this is a great opportunity to widen fund and global custody relationship to much deeper cooperation."

###


About Citi
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through its two operating units, Citicorp and Citi Holdings, Citi provides 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. Additional information may be found at www.citigroup.com or www.citi.com.

About Citi Global Transaction Services
Global Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citi’s Global Transaction Services supports over 65,000 clients. As of the third quarter of 2009, it held on average $314 billion in liability balances and $11.8 trillion in assets under custody.