Pakistan: Citi "Developing Tomorrow's Business Leaders," Announces Grant to Institute of Business Management Karachi

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, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com.

Citi Foundation
The Citi Foundation is committed to enhancing economic opportunities for underserved individuals and families in the communities where we work throughout the world. Globally, the Citi Foundation is focusing its giving on Microfinance and Microentrepreneurship, which helps individuals become economically self-sufficient; Small and Growing Businesses, leading to economic expansion and job creation; Education, which prepares young people for personal and professional success; Financial Education, which helps individuals make informed financial decisions; and the Environment with a focus on sustainable enterprises that generate jobs and stimulate economic growth while preserving the environment. Additional information can be found at http://www.citigroupfoundation.com/.

Institute of Business Management (IoBM)
The mission of The Institute of Business Management (loBM) is to foster a learning environment, where students are motivated to make learning an ongoing life-long process. We see ourselves as a multi-dimensional educational institution. Our aim is to prepare students who excel academically as well as in management skills. Students learn to function ethically, and take effective decisions in business and other endeavors of life. This Institute intends to allow freedom of thought and expression, encourage faculty and students to .be independent and creative thinkers. We believe in pursuing leading-edge research. We are. Catalysts engaged in the development of innovative ideas, analytical, inter-personal and leadership skills. Our faculty is committed to using the best teaching and training methodologies. We are also committed to our stakeholders who include parents, the business community and professional organizations to create responsible corporate leaders of tomorrow. Additional information on www.iobm.edu.pk


	Printer Friendly Page		FOR IMMEDIATE RELEASE Citigroup Inc. (NYSE: C) May 19, 2008 Pakistan: Citi "Developing Tomorrow's Business Leaders," Announces Grant to Institute of Business Management Karachi Citi Announces US$25000 Financial Education Grant to Institute of Business Management Karachi Karachi – Citibank N.A. (Citi) and its philanthropic arm Citi Foundation announced an award of PKR 1.6 million (US$25,000) for the Institute of Business Management (IoBM) Karachi by way of support for a joint risk management training initiative for 30 master's level students of banking and finance. The grant was commemorated at a small ceremony attended by senior Citi management and members of IoBM's executive committee and faculty. Titled "an introduction to risk management," the program will be scheduled in December during the academic winter break and will be led entirely by Citi experts and alumni who will provide interactive and cased based instruction on topics ranging from credit and the business cycle, commercial bank lending, trade finance, working capital projections, term-lending, market, liquidity, counter-party and consumer-credit risks and balance sheet management to issues in development of consumer banking. Speaking at the ceremony Citi Country Officer & Managing Director Arif Usmani said "Risk, its assessment, control and management is a subject that has been scantily enforced at professional colleges offering finance and banking. In view of this gap in training and in line with our agenda to promote financial education and develop the next generation of business leaders we have committed both funding and instruction to take this program forward." The IoBM will manage and host the program and will invite nominations from business schools in Karachi, Lahore, Islamabad, Sukkur, Peshawer and Multan to ensure participant diversity and maximum reach. The grant money will be used to cover all travel, accommodation and general expenses for each of the participants. Executive Director IoBM Talib S. Karim said, "Citi is to be commended for the active role it has taken in transferring expertise and bridging the gap between academic and corporate spheres. We are proud to be facilitating such relevant training and providing an excellent networking opportunity for students of different universities." A similar program was successfully conducted with the Institute of Business Administration in 2006 where faculty included the CEO of the Pakistan Business Council, Salim Raza; Shaukat Tarin, current President of ABN AMRO, Shehzad Naqvi; the President of Tameer Microfinance Bank, Nadeem Hussain, in addition to international Citi experts from New York, London and Turkey. The seminar is part of Citi's global initiative to drive financial education programs that assist academic and financial institutions in promoting knowledge and sound management of economics, markets, and financial systems. Citi recently organized a day long roundtable on corporate governance with Lahore University of Management Sciences. Citi has had a presence in Pakistan for the past 45 years and has been actively involved in the development of the local financial services sector and has a demonstrated record of transferring its expertise via training programs on corporate governance, treasury and trade products, anti-money laundering and compliance, among others. This program on risk is in line with its agenda to upgrade skills and create awareness in the next generation of business leaders. # # # 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, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com. Citi Foundation The Citi Foundation is committed to enhancing economic opportunities for underserved individuals and families in the communities where we work throughout the world. Globally, the Citi Foundation is focusing its giving on Microfinance and Microentrepreneurship, which helps individuals become economically self-sufficient; Small and Growing Businesses, leading to economic expansion and job creation; Education, which prepares young people for personal and professional success; Financial Education, which helps individuals make informed financial decisions; and the Environment with a focus on sustainable enterprises that generate jobs and stimulate economic growth while preserving the environment. Additional information can be found at http://www.citigroupfoundation.com/. Institute of Business Management (IoBM) The mission of The Institute of Business Management (loBM) is to foster a learning environment, where students are motivated to make learning an ongoing life-long process. We see ourselves as a multi-dimensional educational institution. Our aim is to prepare students who excel academically as well as in management skills. Students learn to function ethically, and take effective decisions in business and other endeavors of life. This Institute intends to allow freedom of thought and expression, encourage faculty and students to .be independent and creative thinkers. We believe in pursuing leading-edge research. We are. Catalysts engaged in the development of innovative ideas, analytical, inter-personal and leadership skills. Our faculty is committed to using the best teaching and training methodologies. We are also committed to our stakeholders who include parents, the business community and professional organizations to create responsible corporate leaders of tomorrow. Additional information on www.iobm.edu.pk