Citigroup Names Senior Risk Officer

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 Life and Annuity. Additional information may be found at: www.citigroup.com.


	Printer Friendly Page		FOR IMMEDIATE RELEASE Citigroup Inc. (NYSE: C) October 23, 2003 Citigroup Names Senior Risk Officer New York, NY — Citigroup today announced that David C. Bushnell will become the company’s Senior Risk Officer, effective December 1, 2003. He will replace Petros Sabatacakis, who recently announced his retirement after a long and distinguished career. Mr. Bushnell, 49, will be responsible for managing risk for Citigroup and all its member companies and will report to Citigroup’s President and Chief Operating Officer Bob Willumstad. Mr. Bushnell will join the Citigroup Management Committee. Mr. Bushnell is an 18-year veteran of Citigroup having joined Salomon Brothers in 1985. He brings a strong record of risk management to his new position. His previous management responsibilities included running Salomon Brothers’ Financial Institutions Strategy Group and being responsible for funding and managing Salomon’s short-term trading positions. Currently, he is Managing Director and Head of Citigroup’s Global Risk Management for the Global Corporate and Investment Banking Group (GCIB). He has responsibility for all credit, market and operational risks related to Citigroup’s corporate, financial and governmental clients. He is the Chairman of the GCIB Risk Management Committee and he is also responsible for Risk Management relating to the GCIB activity throughout Citigroup International. “Managing risk is an increasingly complex and critical component of running a global financial services company like ours,” said Mr. Willumstad. “Dave is a talented manager and will provide the leadership necessary to continue steering our company through the rapidly changing risk environment.” Mr. Bushnell said, “I am very excited about the opportunity and challenge of this new role. I have worked very closely with Petros over the last several years and together we will ensure a smooth transition.” Under the leadership of Mr. Sabatacakis, Citigroup has established a highly effective risk organization that has distinguished itself through the recent years of volatility in the credit and market environment. Mr. Sabatacakis has agreed to remain with Citigroup part-time through July 2004. # # # 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 Life and Annuity. Additional information may be found at: www.citigroup.com.