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FOR IMMEDIATE RELEASE April 22, 2002 Jorge Bermudez, Citibank Executive Vice President and e-Business CEO, will head the Corporate Bank for Latin America and the Caribbean New York, NY — Citigroup (NYSE: C) today announced that Jorge Bermudez, Citibank Executive Vice President, will head the Corporate Bank for Latin America and the Caribbean. He will hold this position while maintaining his role as CEO of Citibank’s e-Business franchise worldwide. Mr. Bermudez will be assuming the position previously held by Michael Contreras, who has been appointed Global Relationship Bank Head for Emerging Markets, a position that will focus on serving the needs of global corporate customers that have a local presence in Citibank's Emerging Markets countries. “I am pleased to announce Jorge Bermudez’s appointment as leader of our Latin American Corporate franchise,” said Victor J. Menezes, Chairman and CEO of Citibank. “He is a seasoned leader, one of our best known executives in Latin America, who will bring to the role vast experience in our business and the regions.” Mr. Bermudez is a member of the Citigroup Management Committee. His experience in Citigroup dates from 1975 when he joined Citibank New York as an executive trainee. Mr. Bermudez has held a number of positions including Head of the Agri-Commodities business in Houston, Unit Head of Institutional Recovery Management, Corporate Bank Head in Venezuela, Senior Credit Officer for the Corporate Banking division in North America, Head of Credit Policy for Latin America, President of Citibank Argentina, and Head of the Latin American South Division. In April 1998 he was named Executive Vice President and Global Cash Management and Trade Head. In April 2000 he was given the responsibility for the creation of Citibank’s global e-Business franchise. He has served on the Board of Directors of the FEMSA Group (Mexico); Siembra, Argentina; the Association of Argentine Banks and the Columbia University Business School’s CEBIZ. He is Steering Committee Chairman of the New York Clearing House. He holds graduate and undergraduate degrees from Texas A&M University. # # #
About Citigroup in Latin America Citigroup's presence in Latin America dates back to 1914 and now spans 24 countries in the region. The group serves more than 6 million banking customers, 7 million pension participants, some 12,000 corporate clients and 4,100 private banking clients across Latin America through more than 2,900 distribution / collection points and 18,400 ATMs. Citigroup (NYSE: C), the preeminent global financial services company with some 200 million customer accounts in more than 100 countries, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup’s trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Travelers. Additional information may be found at: www.citigroup.com. |