CITI RECEIVES "TOP RATED" RANKINGS IN FOUR CATEGORIES AND 37 "BEST IN CLASS" AWARDS IN GLOBAL CUSTODIAN’S 2010 PRIVATE EQUITY FUND ADMINISTRATION SURVEY

"Top Rated": Overall, Asia, $100 Million to $1 Billion AUM and $1 Billion to $5 Billion AUM

New York - October 14, 2010 – Citi’s Global Transaction Services today announced that its Private Equity Services group received "Top Rated" rankings in four categories in the 2010 Private Equity Fund Administration survey conducted by Global Custodian.

Specifically, Citi was cited for its expertise overall, in Asia and for funds between $100 million and $1 billion AUM and for funds between $1 billion and $5 billion AUM. In Asia, Citi also ranked number one in the regional "League Tables" and Citi ranked number two for overall service provider. In addition to the "Top Rated" rankings, Citi received 37 "Best-in-Class" honors in the 12 service areas surveyed by the publication.

In its coverage of the survey findings, Global Custodian noted: "The giant of this business has more than maintained the upward momentum of the last two years. Scores are up in nine out of ten questions and all service areas, and by substantial margins in every case. The bank outscores all-comers in the core service areas of accounting, drawdowns and distributions, and its score for client and relationship management is easily the best."

"We are extremely pleased with our showing in this year’s Global Custodian Private Equity Administration survey," said Sanjiv Sawhney, Global Head of Fund Services, with Citi’s Securities and Fund Services. "The continued improvement in our ratings - across all service areas - definitively demonstrates that the marketplace is increasingly recognizing the value of the solutions we deliver consistently to our private equity clients around the world."

Among the accolades Citi received from clients that responded to the survey:

  • "Citi provides a team approach to client service and all members are knowledgeable, proactive and very responsive to client requests."
  • "The team is extremely consistent in their professionalism, customer-focused attitude and high-quality work output. Citi always meets or exceeds performance expectations and is concerned about maintaining a high level of customer satisfaction."
  • "Citi staff is willing to go above and beyond for the resolutions of all requests."
  • "Staff knowledge and experience in the industry are very high" and "always have a very pleasant and helpful attitude, even late at night, which is very valuable."

Through its Securities and Fund Services business, Citi’s industry-focused experts provide investors worldwide with tailored solutions delivered through proven global platforms that feature modular, open architecture. With over $11.3 trillion of assets under custody and the industry’s largest proprietary network, clients can leverage Citi’s local market expertise and global reach to extract value across the entire investment value chain.

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 second quarter of 2010, it held on average $320 billion in liability balances and $11.3 trillion in assets under custody.

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About Citi
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Through 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, transaction services, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.