Citi Awarded Top Rating for Global Mutual Fund Administration in a Survey of the World’s Leading Asset Managers

Citi leads providers with 12 out of 15 Top Rated awards across asset classes, strategies and geographies

New York - July 27, 2011 – Citi today announced that it has been ranked Top Rated global mutual fund service administrator by the world’s leading asset managers in the 2011 Mutual Fund Administration Survey compiled by Global Custodian. Citi led all providers with 12 out of 15 Top Rating Awards for services across asset classes, strategies and geographies, and improved its score in every category measured. The Mutual Fund Administration Survey, now in its tenth year, evaluates the performance of fund administrators with each other and within individual markets. The results are based entirely on reports from clients on the performance of their service providers.

Global asset managers are faced with tougher investor demands for transparency, rapidly changing product dynamics and increasing regulatory requirements. As a result, independent evaluations of service providers play an important role in choosing partners.

"We are pleased with our showing in this year’s survey and we are grateful to learn that our clients approve of the job we’re doing," said Sanjiv Sawhney, Global Head of Fund Services, at Citi’s Securities and Fund Services. "The real value of this survey is gaining insight into our clients’ day-to-day experience with our associates and the measurement of the success of our investments in talent, technology and innovation."

Citi provides a comprehensive range of services to mutual funds globally, including fund accounting and custody, fund administration, regulatory reporting and transfer agency.

Through its Securities and Fund Services business, Citi’s industry-focused experts provide institutional investors worldwide with tailored solutions delivered through proven global platforms that feature modular, open architecture. With $13.5 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, Citigroup’s Global Transaction Services supports over 65,000 clients. As of the second quarter of 2011, it held on average $365 billion in liability balances and $13.5 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. 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.