Hong Kong: Citigroup Chosen as Asia’s Best Cash Management Bank by Finance Asia

Citigroup
Citigroup, 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 Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com.

Citigroup Global Transaction Services
Global Transaction Services is a leading provider of integrated cash management, trade, securities and fund services for corporations, financial institutions, intermediaries and governments around the world. With over US$139 billion in average liability balances, more than $ 7.98 trillion in assets under custody and the largest proprietary branch network, Citigroup’s award-winning operating systems and Internet-based delivery channels enable clients to manage and monitor working capital and investments more efficiently, streamline transaction processing cycles, and re-engineer receivables and payment processes. Global Transaction Services provides clients with access to Citigroup’s full range of capabilities and solutions along with an on-the-ground presence and in-depth knowledge of more than 90 local markets. For additional information, see www.transactionservices.citigroup.com.


	Printer Friendly Page		FOR IMMEDIATE RELEASE Citigroup Inc. (NYSE: C) January 04, 2006 Hong Kong: Citigroup Chosen as Asia’s Best Cash Management Bank by Finance Asia One of Asia’s leading finance magazines has awarded Citigroup best cash management bank of the year for Asia in 2005. The award from Finance Asia caps another impressive year for Citigroup’s Asian cash management business with the team also picking up the award in 2004. A combination of new client mandates, delivering on complex regional mandates and innovative product developments were instrumental in ensuring another winning year for Citigroup’s Asian cash management franchise. The bank won over 1,850 new mandates along with close to 1,000 incremental mandates from existing customers over the course of the year. New product developments included the rollout of TreasuryVision, which is designed to help treasurers better manage their cashflows. The cash management business is a key part of Citigroup’s Corporate and Investment banking business. Not only is it a highly profitable standalone business but it is also crucial in developing client relationships that stretch across the corporate and investment banking space. # # # Citigroup Citigroup, 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 Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com. Citigroup Global Transaction Services Global Transaction Services is a leading provider of integrated cash management, trade, securities and fund services for corporations, financial institutions, intermediaries and governments around the world. With over US$139 billion in average liability balances, more than $ 7.98 trillion in assets under custody and the largest proprietary branch network, Citigroup’s award-winning operating systems and Internet-based delivery channels enable clients to manage and monitor working capital and investments more efficiently, streamline transaction processing cycles, and re-engineer receivables and payment processes. Global Transaction Services provides clients with access to Citigroup’s full range of capabilities and solutions along with an on-the-ground presence and in-depth knowledge of more than 90 local markets. For additional information, see www.transactionservices.citigroup.com.