Citi Alternative Investments Appoints Philip Anker as Head of Global Institutional Sales and Marketing; Owen Thiers and Francois Bornens Named Co-Heads of European Institutional Sales

Citi Alternative Investments (CAI) is pleased to announce the
following organizational changes in its Sales and Marketing Group.

Philip Anker has been named Managing Director and Global Head of
Institutional Sales and Marketing. Based in London, Mr. Anker will
oversee all global sales and marketing activity for CAI, including
Europe, Asia, North America and the Middle East. He was previously the
Head of European Institutional Sales for CAI. Before joining CAI in
2004, Mr. Anker worked at Deutsche Bank in New York and London where
he was Co-CEO of its Absolute Return Strategies business in Europe.
Prior to that, he was a Director and responsible for global private
client product development and distribution of hedge funds and
structured products. After starting his career at JP Morgan Securities
(London), he moved to New York in 1997 to help build a U.S. subsidiary
for DWS Group, a Deutsche Bank subsidiary.

In addition, Owen Thiers and Francois Bornens have been promoted
to co-Heads of the European Institutional Sales team. Both will
continue to be based in London and will report to Philip Anker. Mr.
Thiers joined CAI in 2005 as a Director in charge of Pension Funds and
Consultants in the U.K. and the Netherlands. He has more than 10 years
experience working with large institutional clients on advanced
investment management topics. Mr. Bornens has been with Citi since
1989, combining various experiences in Financial Institutions global
coverage and product sales. He transferred to CAI in 2002 where he was
in charge of developing CAI distribution in France, Benelux and parts
of the Nordic region.

"Philip has done a tremendous job in building out and expanding
our institutional presence in Europe and we look forward to leveraging
his global experience as we continue to strengthen our institutional
sales platform," said Lew Kaden, Interim Chairman and Chief Executive
Officer of CAI. "Under the guidance of Philip, Owen and Francois have
successfully helped solidify our institutional sales effort and are
well positioned to continue to broaden awareness of our wide range of
products across Europe, to expand our distribution network and our
franchise and to participate in the development and marketing of
products tailored to the requirements of European institutional and
high-net-worth individual investors."

Maureen O'Toole, Managing Director and Head of Sales and Client
Service, will continue to manage the high net worth sales team for CAI
through the Global Wealth Management channel and oversee education and
marketing. Prior to assuming that position, Ms. O'Toole was Director
of Sales and Marketing at Smith Barney in its Managed Futures
Department. Before that, she was heavily involved in the international
development of the managed futures business at the firm where she has
been since 1993. Philip and Maureen will participate in the CAI
Business Heads Committee.

"CAI is well positioned and continues to grow in various parts of
the world," added Mr. Kaden. "In 2006, CAI secured $14 billion of new
assets, up from $8 billion in 2006. In addition, over the last two
years, CAI has significantly increased its footprint in Europe despite
a very competitive landscape. CAI doubled European sales for the
second straight year and continues to make strong progress in reaching
out to institutional investors in the region."

About Citi Alternative Investments:

Citi Alternative Investments is an alternative investment platform
that manages a wide range of products across four asset classes,
including private equity, hedge funds, real estate and structured
products. CAI manages capital on behalf of Citi, as well as
third-party institutional and high net worth investors. As of December
31, 2006, CAI had approximately $49.2 billion of un-levered assets
under management, ranking CAI among the world's largest alternative
asset managers. CAI's goal is to enable its 14 investment centers to
retain the entrepreneurial qualities required to capitalize on
evolving opportunities, while benefiting from the intellectual,
operational and financial resources of Citi.

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. Major brand
names under Citi's trademark red arc include Citibank, CitiFinancial,
Primerica, Citi Smith Barney and Banamex. Additional information may
be found at www.citigroup.com or www.citi.com.