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Citi Named Latin America Fund Administrator of the Year

Custody Risk Magazine Awards recognize outstanding achievements across the region

Miami, FL - April 27, 2012 – Citi has been named Latin America Fund Administrator of the Year by Custody Risk. Celebrating outstanding achievements across the Americas, Custody Risk’s Americas Awards recognized Citi’s extensive experience to address the specific challenges of global investors and its ability to tap the intellectual capital of Citi’s local network, to help clients deepen their insight, extend their reach and expand their business.

With over US $630 billion in assets under custody in Latin America and more than 70 thousand employees, Citi has been a leading provider of custody services in the region for over two decades and is a leader in Fund Administration. Through offices in 23 countries Citi provides a full suite of administration and custody services to Hedge Funds, Private Equity, Securitization and Real Estate funds across Latin America. Citi’s achievements include being ranked # 1 in Private Equity Fund Administration services by the Comissão de Valores Mobiliários (CVM), Brazil’s securities regulator, and being the first provider of ETF services in Mexico, Brazil and Colombia.

Fernando Iraola, Citi Transaction Services Latin America and Mexico Region Head, said: "We are proud to have won this award, a valuable recognition of the investment in innovation that Citi carries out in Latin America and across the world. With Citi, clients are continuously benefiting from our global capabilities, enabling growth, reducing costs, and assisting them in maintaining a robust control environment."

"These awards are a testament to the outstanding work that Citi has undertaken over the course of more than a century in Latin America. We continue to place significant emphasis on developing long-term relationships with a diverse portfolio of clients. Innovation is one of our distinctive features, which has proven extremely valuable in helping our clients to understand and meet the ever-changing needs of these rapidly evolving markets," said Alejandro Berney, Citi’s Transaction Services Latin America & Mexico Head for Securities and Fund Services.

Citi OpenInvestorSM is the investment services solution for today’s diversified investor, combining specialized expertise, comprehensive capabilities and the power of Citi’s global network to help clients meet performance objectives across asset classes, strategies, and geographies. With an on-the-ground presence in over 95 countries and over $13 trillion in assets under custody, Citi offers award winning service and unmatched scale. Citi provides complete investment services for institutional, alternative, and wealth managers delivering middle office, fund services, custody, investing and financing solutions focused on clients’ specific challenges, customized to their individual needs.

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 95 countries, Citi’s Transaction Services supports over 65,000 clients. As of the first quarter of 2012, it held on average $377 billion in liability balances and $13 trillion in assets under custody.

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About Citi
Citi, the leading global bank, 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 | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi