Citi Named 2008 Cash Management Bank of the Year by The Banker Wins Award For Third Consecutive Year

New York - Nov. 27 – Citi today announced its Treasury and Trade Solutions business has won the "Cash Management Bank of the Year" award from The Banker. This is the third year in a row that Citi has been given this prestigious honor.

The Bank of Choice

"We win when our clients win, and our commitment, first and foremost, is to provide them with best-in-class services and solutions," said Francesco Vanni d’Archirafi, Global Head of Citi’s Treasury and Trade Solutions. "We are thrilled to win this award for the third year in a row, and attribute our success to being the trusted bank of choice to financial institutions, corporations and public sector entities around the world."

"We continue to invest in our global product platforms and proactively embrace innovation to ensure we deliver competitive value and expertise to our clients," Vanni d’Archirafi added. "They are able to draw from the experience of our people across an unparalleled global network, and benefit from our industrial processing scale, seamless connectivity and timely access to tools and actionable information, delivered with the consistency and reliability that our clients expect and trust."

Earlier this year, Citi was voted the #1 Cash Management Bank globally for the seventh time in Euromoney’s annual cash management poll. In addition to capturing the top spot in the global poll, Citi also took top honours with 8 regional awards and 16 country awards as voted for by its Corporate and Financial Institutional clients.

Citi’s Global Transaction Services 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 140 countries, Citi’s Global Transaction Services supports over 65,000 clients. As of the 3rd quarter of 08, it held on average $273 billion in liability balances and $11.9 trillion in assets under custody.

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About Citi
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.