For Immediate Release
Citigroup Inc. (NYSE: C)
May 19, 2010

Farouk Soussa Joins Citi as Chief Economist for the Middle East

London and Dubai – Citi announced today that Farouk Soussa will join Citi as Chief Economist for the Middle East.

Farouk joins Citi from Standard and Poor's where he was Head of Middle East Sovereign Ratings. Before joining Standard and Poor's, Farouk was a senior economist at the Bank of England where he specialized in international finance and financial regulation.

On the appointment, David Lubin, Head of Emerging Market Economics for Citi Investment Research and Analysis (CIRA) remarked, "Farouk's arrival will further enhance the quality and reach of our global economics coverage. Both our firm and our customers will benefit from their access to Farouk's depth of knowledge about Middle Eastern economics."

Farouk will be based in Dubai where he will lead the economics research unit.

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