Citi Names Sam Ahmed Head of Collateral Management Sales for Asia Pacific

Hong Kong - August 16, 2011 – Citi’s Global Transaction Services today announced its appointment of Sam Ahmed to Head of Collateral Management Sales for Asia Pacific. Ahmed joins Citi from Merrill Lynch in Singapore where he managed regional Collateral Management and Derivatives Client Services teams for the private banking division.

Ahmed’s appointment reinforces an already robust and experienced team in Asia, including Karim Chabane, hired earlier this year as Product Head of Collateral Services. Chabane, working out of Citi’s Hong Kong office, is responsible for the product development of the collateral platform for the investor and intermediary client segments. Both Ahmed and Chabane report to Pierre Mengal, Regional Head of Collateral Services for Citi in Asia Pacific. These appointments are testament to Citi’s commitment to being a leading collateral management services provider in the Asia Pacific region.

Citi provides collateral management services through its OpenCollateral solution which gives institutions trading OTC derivatives, ETFs and repo products a full end-to-end collateral management service. A multi product platform and service, it features core collateral services designed to mitigate risk, improve return on assets and offers a full operational solution to collateral management.

"The growth in OTC derivatives globally has resulted in institutional investors and broker dealers looking to effectively mitigate credit risk. It has given rise to a growing need for collateral management expertise across the Asia Pacific region and as a result, more companies are turning to Citi for assistance. I am extremely excited by the opportunity that these appointments present in helping Citi grow its collateral management business," said David Russell, Regional Head, Asia Pacific, Securities and Fund Services, Citi.

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 $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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