Citi Names Paul H. Simpson as Head of Global Public Sector and Healthcare Markets for its Global Transaction Services Business

Citi Markets & Banking announces that Paul H. Simpson is joining
its Global Transaction Services division in December to head global
efforts around the Public Sector and Healthcare market segments.
Reporting directly to Paul Galant, CEO of Global Transaction Services,
Paul Simpson will assume this new global role to sharpen the focus on
solutions and services for clients in the Public Sector and Healthcare
markets -- segments that Citi considers key to the overall growth of
transaction services. The Public Sector includes governments, not-for
profit institutions and other governmental entities, including postal
institutions. The Health care sector includes pharmaceuticals,
hospitals, and equipment and lab manufacturers as well as healthcare
plans and HSA accounts.

Paul Galant, CEO of Global Transaction Services said: "We are
thrilled to have Paul join Citi. He is a recognized leader in the
Treasury Services industry with a proven track record of product
development and innovation. His experience will enable us to further
accelerate the development of best-in-class solutions for clients in
the Public Sector and Healthcare markets -- sectors that represent
significant growth opportunities for our business."

Simpson joins Citi from JP Morgan Chase, where he held several
roles in Treasury Services since 2001. In his most recent role -
Treasury Services Business Executive - Simpson had global
responsibility for a variety of innovative Treasury Services products,
including Trade Services and Logistics, Public Sector, Wholesale Card
Services (Commercial Card, Prepaid/Stored Value, Order-to-Pay) and
Healthcare. In addition to his product roles, he was active in new
business development and during his tenure he completed four major
strategic acquisitions.

Prior to his position with JP Morgan Chase, Paul was Managing
Director and Head of eCash Solutions and Global Bank Export Services
for Deutsche Bank. Before joining Deutsche, he worked for Bankers
Trust as the Global Head of Trade Services, and for the Australia and
New Zealand Banking Group (ANZ) as a Senior Manager in the Investment
bank in both Sydney and New York.

Paul holds an MBA in Finance, Economics and International Business
from New York University, and a BS in Russian from Georgetown
University in Washington, D.C. An industry leader who has been
recognized as one of the Top 100 finance professionals in the U.S. by
Treasury & Risk Management magazine, Paul has served on many editorial
boards of several prominent industry publications and has participated
on the advisory committees and boards of several leading industry
organizations.

Global Transaction Services, a division of Citi Markets & Banking,
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, Cit"is Global Transaction Services supports over
65,000 clients. As of the 3rd quarter of 07, it held $255 billion in
liability balances under administration and $12.5 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. Cit"is major
brand names include Citibank, CitiFinancial, Primerica, Citi Smith
Barney and Banamex. Additional information may be found at
www.citigroup.com or www.citi.com.