Citi Receives Best-Ever Rankings in Global Investor's 2008 "Custody Survey"

For First Time, Rated Number One by the "Global Investor - GI 100" and Number One in Asia for Second Consecutive Year

New York - Citi today announced that it received its best-ever rankings in Global Investor's "Custody Survey" for 2008. Among the record results, it earned Number One rankings by the Global Investor - GI 100 (the largest 100 asset managers by AUM globally) for the first time and was recognized as the Number One custodian in Asia for the second year in a row.

Specifically, the influential publication's annual study of the global custody marketplace ranked Citi's capabilities as:

  • #1 by the Global Investor Top 100 for the first time (weighted)
  • #1 in Asia for the second consecutive year (weighted)
  • #2 by insurance companies (unweighted/weighted)
  • #2 by mutual fund managers (weighted)
  • #2 by pension funds (weighted)
  • #3 overall (weighted & footprint)

"We are very pleased with our record results in this year's Global Investor survey," says Mary Fenoglio, Head of Global Custody, Citi. "Our all-time-high standings underscore the marketplace's increased recognition of the value-added benefits our talented professionals, local market expertise and industry-leading custody network deliver to our clients around the world."

Citi has nearly $13 trillion assets under custody spanning 90 markets, including 46 proprietary endpoints. Citi offers a range of custody services through a global proprietary network that enables clients to manage their securities portfolios, financial positions and investments.

Now in its 21st year, the Global Investor Custody survey received 1451 responses from clients rating their custody providers across 22 categories incorporating, settlement/safekeeping/quality of client service/reporting capabilities/treasury services and technology.

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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 spanning over 100 countries, Citi's Global Transaction Services supports over 65,000 clients. As of the 1st quarter of 2008, it held on average $283 billion in liability balances under administration, and nearly $13 trillion in assets under custody and trust.

Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing 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, and wealth management. Citi's major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com.

Certain statements in this document are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors. More information about these factors is contained in Citigroup's filings with the Securities and Exchange Commission.