Citi Announces Three Key Hires

Kelly Joins as President of Citi Alternative Investments;
Yordan Joins as Vice Chairman, Global Banking, Latin America;
Diaz Joins as Head of U.S. Institutional Cash Trading

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. Citi’s major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Nikko, and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.


	Printer Friendly Page		FOR IMMEDIATE RELEASE Citigroup Inc. (NYSE: C) January 29, 2008 Citi Announces Three Key Hires Kelly Joins as President of Citi Alternative Investments; Yordan Joins as Vice Chairman, Global Banking, Latin America; Diaz Joins as Head of U.S. Institutional Cash Trading New York – Citi today announced three key senior executive appointments in its Alternative Investments and Markets & Banking units that will help advance the company's growth opportunities in alternative investments, Latin America banking, and the U.S. cash equities business. The company named Edward "Ned" Kelly President of Citi Alternative Investments (CAI), reporting to John Havens, CAI Chief Executive Officer. Mr. Kelly will chair the CAI Management Committee and assume responsibility for the business and many of its investment centers. Mr. Kelly will help drive the growth of CAI, a leading alternative investments platform with more than $59 billion of assets under management. Jaime E. Yordan joins Citi Markets & Banking as Vice Chairman, Global Banking, Latin America. Mr. Yordan will report to Manuel Medina Mora, Chairman and Chief Executive Officer of Citi Latin America and Mexico, and to Raymond J. McGuire and Alberto Verme, Co-Heads of Global Investment Banking. Mr. Yordan will join Citi's efforts to build on its successful global banking business in Latin America through senior coverage of key clients in the region, as well as capitalizing on significant opportunities in banking, fixed income, and equity markets. Armando Diaz joins Citi's Global Equities business as Head of U.S. Institutional Cash Trading, reporting to Kevin Russell, Head of Americas Equities Trading. Mr. Diaz brings extensive trading experience and customer relationships to Citi's cash trading business. He joins Citi after spending 19 years at Goldman Sachs & Co., most recently as the Partner managing single stock cash and derivative trading. "We are delighted to welcome these three well-respected, seasoned, and talented professionals to Citi," said Vikram Pandit, CEO, Citi. "Each will play a key role as we continue to move ahead in areas with significant growth opportunities for the company." Mr. Kelly joins Citi from The Carlyle Group. Prior to joining Carlyle in 2007, Mr. Kelly served as Chairman, Chief Executive, and President of Mercantile Bankshares from 2001 through March 2007. Before Mercantile, Mr. Kelly was a Managing Director at JP Morgan Chase Co., where he was a Managing Director and head of Global Financial Institutions and co-head of Investment Banking Client Management. Mr. Kelly was previously a partner at the law firm of Davis Polk & Wardwell. Mr. Yordan has had a distinguished 30-year career in Latin America. From 1976 to 1990, he worked for JP Morgan, at different times in the International Banking Department, the National Banking Department, and the Mergers and Acquisitions Department. In 1990 he joined Goldman Sachs, where he established a Latin America business for the firm. He was elected General Partner in 1992, and in 1999 he was named Chairman for Latin America. Upon his retirement from Goldman Sachs in 2005, he became Advisory Director at CDK Group LLC. # # # 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. Citi’s major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Nikko, and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.