London - April 27, 2010 – Citigroup announced today that its Global Transaction Services business has appointed Jay Hershman as the GTS Europe, Middle East and Africa (EMEA) Client Sales Management Prepaid Sales Head. Based in London, Jay will report into Michael Guralnick, Global Head of Client Sales Management for Treasury & Trade Solutions, Citi.

In this newly created role, Jay will lead the GTS EMEA Prepaid Sales Team to drive sales origination, cross-sell and customer revenue growth with a focus on providing the strategic direction and successfully transfer best practices to the EMEA region from other regions. Jay has been with Citi for six years, most recently as Team Lead for North American Reseller Solutions. In this time he established and developed a prepaid reseller network that helped position Citi Prepaid as the preeminent prepaid provider in North America.

"Jay’s track record leaves no room for doubt as to his proficiency and effectiveness in driving the prepaid card business forward here in EMEA. This region is a key growth market for Citi and as such, prepaid solutions are now viewed as a core component of our Treasury and Trade Solutions (TTS) platform which we look to roll out globally", said Citi’s Michael Guralnick, Global Head of Client Sales Management for Treasury & Trade Solutions. "Citi is fortunate that it is able to attract and retain some of the best-in-class talent in the industry, and it is with great pleasure that I welcome Jay to the EMEA team".


About Citi
Citigroup, 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, Citigroup 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, transaction services, and wealth management. Additional information may be found at or

About 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 fourth quarter of 2009, it held on average $335 billion in liability balances and $12.1 trillion in assets under custody.